Apple hosted its annual shareholders meeting today at the company’s headquarters in Cupertino where a number of new proposals were presented by investors before Tim Cook took questions from the audience.
During his Q&A session, Tim Cook discussed how Apple plans to fight for net neutrality. He also assured shareholders that Apple plans to come out with new products that appeal to professionals and creatives, but insisted that the Mac and iPad aren’t destined for a merger.
Ferrari announced its newest supercar today — the hybrid model ‘LaFerrari’ — along with plans to deepen its partnership with Apple.
The newest Ferrari comes equipped with iPad minis on the passenger seats, but Ferrari says it is in talks with Apple about bringing more in-car entertainment to their supercars.
According to a newly-posted shareholder document, Apple now requires executive officers to own three times their annual salary. The CEO is still required to hold ten times his own annual salary in stock, as well.
This current move, as reported by the Wall Street Journal, comes a month after Apple’s board actually opposed a similar measure proposed by a shareholder.
It’s been over 16 months since Steve Jobs passed away, leaving Apple without its inspirational leader. Even though the company has released a number of new products and reported record-breaking sales, some of Steve’s closest friends at the company still miss him.
Apple’s chairman, Art Levinson, was a close friend and colleague of Steve Jobs, and he’s been on Apple’s Board of Directors since 2000. So when he was recently asked what it’s like running the company’s Board now that Steve’s gone, Levinson only had one word to describe it: “weird.”
A potentially major coup has happened at today’s Apple Annual Shareholder Meeting: ignoring the request of Cupertino itself, Apple’s shareholders have approved a measure that now requires a majority vote for the approval of new Board Directors.
That’s big. For the first time, any new appointment to Apple’s Board of Directors will require that the shareholders approve in majority any new appointee. That gives the shareholders a lot more power over the company’s future… and could potentially lead to some interesting power struggles down the road.
