Posted by Troy Wolverton on April 27th, 2009 at 8:38 am | Categorized as Backdating, Departures, Docu-Drama, Tech | Tagged as annual meeting, Apple, Backdating, Corporate governance, say-on-pay, shareholder vote
Apple shareholders will be getting a “say on pay” after all.
Beginning next year, Apple will allow investors to have an annual advisory vote on its executive pay packages, the company said Monday in a statement. After repeatedly saying that shareholders had lost a vote on the matter at its annual meeting in February, Apple acknowledged in the statement that it had miscounted shareholder votes, mistakenly counting abstentions as no votes.
In a post on Friday, I noted that Apple seemed to have changed the way it counts shareholder votes over the last year. More shareholder votes were cast in favor of “say on pay” this year than last, and the gap between yes and no votes on the matter had widened. Despite that, Apple said last year that the matter had passed, while saying this year that it failed.
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Posted by Troy Wolverton on February 25th, 2009 at 5:34 pm | Categorized as Tech | Tagged as annual meeting, Apple, investors, say-on-pay, Steve Jobs, Tim Cook
Shareholder meetings tend to be either dull or contentious — and occasionally informative. What they aren’t usually is light-heartened.
Apple’s annual meeting Wednesday certainly had its dull moments. It had some contentious ones. And it did offer some a few tidbits for the faithful.
But it also had its moments of levity. During a question-and-answer session following the formal vote taking at the meeting, one shareholder took note that Tuesday was the birthday of Steve Jobs, Apple’s CEO who is out on medical leave. After wishing Jobs well, the shareholder got the audience to stand up and join him in singing “Happy Birthday” to the company’s co-founder.
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