Investing in these three companies allows you to support the employment and advancement of LGBTQIA+ people to senior positions in the workplace. In recognition of GLAAD Spirit Day, here are three LGBTQIA+ executives who are not just reshaping their firms, but also their future initiatives and diversity.
1. Tim Cook, CEO of Apple
After Steve Jobs’ death in 2011, the general public pondered Apple’s (NASDAQ: AAPL) future — that is, until Tim Cook was named CEO. Cook had a bumpy start, but he surpassed everyone’s expectations by overseeing the development of game-changing Apple products and technologies.
In 2014, Cook came out as gay, making history as the first publicly gay CEO of a Fortune 500 company, stating:
“I’m proud to be gay. If hearing that the CEO of Apple is gay can help someone struggling to come to terms with who he or she is, or bring comfort to anyone who feels alone, or inspire people to insist on their equality, then it’s worth the trade-off with my own privacy.“
Since then, the business has smashed record after record to become the most valuable company in the world, worth more than $2.2 trillion. It has expanded into fitness, streaming, wearables, and much more. Recently, Apple reported record net revenues of $81.4 billion for the Q3, up 36% year-on-year (YoY), with an operating cash flow of $21 billion and a return to shareholders of over $29 billion.
The company has often shown its support for the LGBTQIA+ community via its products, advertising, and business practices. The Encircle project is a groundbreaking Apple non-profit that endeavors to aid more young LGBTQIA+ people to provide community centers.
2. Martine Aliana Rothblatt, CEO of United Therapeutics
Martine Aliana Rothblatt, co-founder and CEO of United Therapeutics (NASDAQ: UTHR), is a pioneer in the field of 3D printing of human organs for transplant recipients. Rothblatt came out as transgender in 1994, at the age of 40. Since then, she has used her background as an entrepreneur, lawyer, and author to work extensively in the field of transgender issues. Now, her biotech company operates with the goal of creating life-extending services using technology. It recently made news for the world’s first drone-delivered lung transplant.
Since going public in June 1999, United Therapeutics has continued to develop via the introduction of new medicines, strategic acquisitions, and numerous license and collaboration agreements. The company’s share price has risen by 25% year-to-date (YTD). The total revenue of United Therapeutics was $446.5 million in August 2021. It increased 23% to $446.5 million in 2021 from $362.0 million in the Q2 of 2020.
The firm is committed to the empowerment of women, the LGBTQIA+ community, and other marginalized groups as part of its wider focus on diversity, equity, and inclusion.
3. Peter Thiel, co-founder of Palantir Technologies
Palantir Technologies (NYSE: PLTR), an American software firm specializing in big data analytics, was co-founded by wealthy billionaire and venture capitalist Peter Thiel. He’s a proud gay man who’s always been an advocate for LGBTQIA+ rights and causes.
In light of rising data demand in the United States and throughout the world, Palantir has risen up to become one of the world’s foremost players in the field. It has built up several contracts with the U.S. government while also generating headlines by inking high-profile partnerships with some of Silicon Valley’s biggest names, including IBM and Amazon (NASDAQ: AMZN) Web Services. Over the next four years, Palantir forecasts revenue growth of at least 30% per year to reach at least $4 billion, which indicates it will produce at least $1.1 billion in revenue by 2025, surpassing rival IBM.
Palantir’s sales rose by 49% YoY to $376 million in Q2 of this year. In addition, the company generated an adjusted free cash flow of $50 million, or a 13% profit margin. After almost two decades of losses, it now expects the business to turn a profit this year as a result of these outstanding numbers.
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Contributing Writer at MyWallSt
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