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Our Blogs Core Dump Apple shareholders propose, directors oppose
Our Blogs Core Dump Apple shareholders propose, directors oppose | Apple shareholders propose, directors oppose |
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| by Stephen Withers | |
| Friday, 09 January 2009 | |
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Page 1 of 4   
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Nor is it unusual for boards of directors to oppose such motions. Apart from anything else, there's probably an element of the Not Invented Here syndrome - if the ideas were any good, surely the board or executives would have already had them. Furthermore, such motions are often framed to embarrass the company or directors, and it's not unknown for people to buy small parcels of shares primarily to gain the right to propose motions or otherwise speak at annual meetings. So what's on the agenda for this year's annual meeting of Apple shareholders? The first proposal comes from the board, which recommends that the eight existing directors (Bill Campbell, Millard Drexler, Al Gore, Steve Jobs, Andrea Jung, Arthur Levinson, Eric Schmidt and Jerome York) are re-elected The average age of the board is a whisker under 60. That figure would be higher without the appointment of 50 year old Jung during the course of 2008. What are the shareholder proposals? See page 2. |
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