Earlier today Apple held their annual shareholder meeting at their corporate headquarters in Cupertino, California. Apple Chief Operating Officer lead the meeting.
Today’s biggest point of decision that was proposed by several large shareholders, was for Apple to adopt a plan of CEO succession after Steve Jobs leaves the company. Apple resisted claiming competitive reasons. The proposal was later voted down by other shareholders.
The most controversial shareholder proposal — that Apple adopt a detailed succession plan — came up about 20 minutes later. According to the representative of the Central Laborers’ Pension Fund who introduced it, Proposal No. 5 did not require the company to name names, she said, so management’s fears about the proposal were unfounded.
But a preliminary proxy count suggested that the proposal had been defeated, as expected and as Apple had recommended.
Not a word of Jobs’ health was mentioned at the meeting.
One shareholder motion did pass a majority vote however. This movement was to require a majority vote for directors, even if said directors were running unopposed. Apple opposed, claiming that this could make it difficult for Apple to name new directors while scrounging the votes to confirm the choice.
Lastly, Apple did announce that their massive new North Carolina data center is not yet operational, but will be coming online in the near future, even though it was slated to be up and running by the end of 2010.
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