Open Letter From Jana Partners and Calstrs to Apple Inc.

by Jana Partners + The California State Teachers’ Retirement System

Laug Auf Look Up. JANA Partners, a New York–based activist hedge fund and the California State Teachers’ Retirement System (CalSTRS), which together own $2 billion in Apple stock, sent a letter to Apple’s board of directors citing a substantial body of expert research: “We believe there is a clear need for Apple to offer parents more choices and tools to help them ensure that young consumers are using your products in an optimal manner.” Overuse of iPhones by children and teenagers, the letter pointed out, has been linked to lack of attention in the classroom, difficulty in empathizing with others, depression, sleep deprivation, and a higher risk of suicide.

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