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Apple Shareholder Meeting Notes: Directors Reelected, No Change in Jobs' Plans

Dow Jones Newswires (via CNN Money) provides a recap of Apple's annual shareholder meeting held today on the company's campus in Cupertino, the first such meeting without Steve Jobs present since his return to the company in 1997. At the meeting, shareholders voted to reelect the entire Board of Directors and voted down four proposals made by shareholders but opposed by the Board of Directors.

Shareholders also defeated proposals that would have given them a say on executive compensation, would have required Apple to disclose more about corporate political donations and its carbon footprint, and would have called for universal health care.

In response to questions about the health of Jobs, the Associated Press reports that there are no changes in his plans to return to the company in June.

Apple Inc. CEO Steve Jobs still expects to return from his medical leave at the end of June, according to an Apple director who responded to an investor at the company's annual shareholder meeting Wednesday.

The investor had pressed for details about when the board of directors knew Jobs planned to step away from his daily duties. Apple director Arthur Levinson responded only by saying that since Jobs announced Jan. 14 that he needed to go on leave, "nothing has changed."

Attendees also participated in a singing of "Happy Birthday" to the absent CEO, who celebrated his 54th birthday yesterday.

CNBC's Jim Goldman had hoped to live blog from the meeting, but Apple banned all communication devices from the meeting hall. Fortune, however, republished reports from two investors who were able to sneak wireless devices into the room.

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39 months ago
Not much new news, but at least Jobs is still planning to come back and it looks like Macs are still selling well!
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39 months ago
Yeah, they'll say Jobs is coming back in June, until it gets to June then they'll change their minds.
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39 months ago

At the meeting, shareholders voted to reelect the entire Board of Directors


I don't understand, is this just out of formality, or did some investors really want to kick the entire board out while Apple is still making them money?
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39 months ago

I don't understand, is this just out of formality, or did some investors really want to kick the entire board out while Apple is still making them money?


They have to be reelected every year. It's a formal procedure.

"Attendees also participated in a singing of 'Happy Birthday' to the absent CEO, who celebrated his 54th birthday yesterday."

Anyone else laugh out loud? :D
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39 months ago

"Attendees also participated in a singing of 'Happy Birthday' to the absent CEO, who celebrated his 54th birthday yesterday."


This is all I could think of when I heard that...

I wonder how many of these shareholders actually show up to the meeting.



irmongoose
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39 months ago
I laughed at the singing too. Sounds like a non-event really. Roll on the rumourmill!
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39 months ago
I propose a toast.

Too Steve!
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39 months ago
Simply put, regardless of it being our business or not, I don't really believe anything Apple says in regards to Jobs's health. Nothing else to say really, I just don't have faith in Apple's responses to those questions.
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39 months ago
anybody know how much money Apple has?
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39 months ago
Since Apple put all it's effort into handhelds and laptops last year, and it's desktops are now all laughably out of date, I expected some major updates to the Desktop lineup this January. :mad:

I wonder if there was any discussion about Apple's apparent lack of interest in the desktop market at the shareholders' meeting.

Cheers
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