Apple directors reelected, outside proposals rejected at annual shareholder meeting
Source: AppleInsider
Apple directors reelected, outside proposals rejected at annual shareholder meeting
By AppleInsider Staff
Friday, February 26, 2016, 10:00 am PT (01:00 pm ET)
Apple's board of directors were unanimously reelected to their positions at the company's annual shareholder meeting on Friday, while shareholder proposals on a variety of issues, including a mandate on diversity, were rejected.
There were a total of four shareholder proposals on the table for the meeting, including a pledge to reach net-zero greenhouse gas emissions by 2030, and to cease business in countries that commit human rights violations. None of them garnered enough support to pass. ... Apple's board, however, was given a passing grade. It includes former U.S. Vice President Al Gore, Disney CEO Bob Iger, and Chairman Arthur D. Levinson.
Chief Executive Tim Cook was present at Friday's meeting, and commented on his company's ongoing encryption battle with the FBI, saying that a tough fight with the U.S. government "doesn't scare us."
The Rev. Jesse Jackson was also at the Apple annual shareholder meeting, and praised Apple for increasing diversity among its workforce and its executive team. The company also revealed that it pays women 99.6 percent the pay of men, while minorities earn 99.7 percent that of white workers.
Read more: http://appleinsider.com/articles/16/02/26/apple-directors-reelected-outside-proposals-rejected-at-annual-shareholder-meeting
No, the vote was not unanimous. Not unless they threw my ballot away.
Not all annual meetings are newsworthy, but this one is, due to Apple's tussle with the FBI.
Full disclosure: I own shares of AAPL.
February 26, 2016 10:22 AM
CUPERTINO, California (AP) — Apple CEO Tim Cook defended his company’s opposition to the FBI’s iPhone-hacking plan at the company’s annual shareholder meeting, one day after the tech giant formally challenged a court order to help the FBI unlock an encrypted iPhone used by a murderous extremist in San Bernardino, California.
“We do these because these are the right things to do,” Cook said in a brief reference to the company’s privacy stance in the case.
Major tech companies are also rallying to Apple’s cause, and now plan a joint “friend of the court” brief on its behalf. Facebook said it will join with Google, Twitter and Microsoft on a joint court filing. A Twitter spokeswoman confirmed that plan, but said that different companies and trade associations will likely file “multiple” briefs.
= new reply since forum marked as read
