Saturday, February 26, 2011

Follow-up: One third of AAPL shareholders voted for CEO plan

New details have emerged regarding the defeat of a proposal by the Laborers' International Union (LiUNA) we covered yesterday. The proposal, which asked -- but did not require -- Apple to publish a plan for picking a new CEO in the event of a vacancy garnered roughly 172 million votes versus 400 million against, and was the only shareholder proposal not to pass, reports The Wall Street Journal. Due to public confusion about whether the proposal actually called for identifying candidates and the methods used to qualify them, it is possible that the measure, which was...

Source: http://feeds.macnn.com/click.phdo?i=ed04bed2377c0d0ed3763f6d65d2716d

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