Yep. They’ve been using their cash and Cook’s supply chain skills to crush competition and secure sweatshops wherever cheap labor can be found. It’s been going on for years. I think they have seen the tensions building in China and Taiwan and have been making mostly subtle changes for years. Covid was an excuse to ramp that up.
TopCoffee
joined 1 year ago
Exactly. It is getting more common to set up non-profit foundations in such situations. Disclosure: There’s a lot of legal stuff I don’t understand but I think the idea is that by having a non-profit entity that is focused on the “mission” and not profits, they will be more able to make the good long-term, decisions a founder might make instead of whatever makes investors the most money.