Apple's CEO Tim Cook's speech Live at Goldman Sachs Conference
Apple's chief executive Tim Cook is speaking at Goldman Sachs' Technology Conference today. The presentation is being broadcast via QuickTime on Apple's Investor website.
Asked "what investors should know about the supply chain," Cook said "Apple takes working conditions very, very seriously, and we have for a long time."
Noting his own background in working on the floor of American factories, Cook said "we understand working conditions at a granular level," adding that "Issues can be complex. Our commitment is very, very simple. We believe every worker has the right to a fair, safe work environment where they can earn competitive wages and voice their concerns freely."
Suppliers must do this or they're loose Apple's business, Cook said.
Cook also highlighted education as "the great equalizer," saying, "if people are provided the skills and knowledge, they can improve their lives. We put a lot of effort to free classes in many sources in the supply chain," as well as sponsoring schools.
