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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