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Apple calls for votes in 2009 proxy statement

updated 10:00 am EST, Thu January 8, 2009

Apple 2009 proxy statement

Apple has posted an online edition of its 2009 proxy statement, as required by the Securities and Exchange Commission. The document lays down the plan for the company's annual shareholders' meeting, which is scheduled for February 25th at 10 AM Pacific time, inside Building 4 of the Cupertino headquarters. Investors are being asked to re-elect Apple's current board of directors, which aside from CEO Steve Jobs includes seven others such as Al Gore and Google CEO Eric Schmidt.

Apple has also detailed three shareholder proposals to be voted on, beginning with a Teamsters request a semi-annual report detailing policies and activities related involving political contributions. The union complains that while it can tell that Apple has spent at least $460,000 of company money on politics since 2002, it is unknown how much money may be going toward trade groups used for lobbying or other efforts.

Other proposals include a push for more universal and affordable corporate healthcare policies, as well as a motion calling for more comprehensive environmental reports on par with companies like Dell and IBM. Apple's board is urging people to reject all three proposals however, on the basis that it already does plenty in each regard and that extra efforts would be a waste of time and money.

The statement also details payouts to directors and executives, such as Jobs' salary, which remains at $1 per year; he is also listed as the company's biggest individual shareholder however, with 5,546,451 shares. The most influential party amongst investors is Fidelity Investments and its affiliates, which together own 46,458,462 shares, or 5.22 percent of the total available.




by MacNN Staff

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Comments

  1. testudo

    Joined: Dec 1969

    +3

    Geesh

    For all you apple stockholders out there, how about voting against billy-bob campbell, who is on the board of Apple, yet the company he CEOs, Intuit, has a lousy track record of Mac support.

    h***, at least Al Gore made sure the Internet was platform-independent...

  1. lkrupp

    Joined: Dec 1969

    +4

    Right on..

    Right on, brother Testudo. Campbell should be kicked off of Apple's board. Some years ago, with Campbell on the board, Intuit announced it was ceasing all development of its products for the Mac platform (Quicken, Quickbooks). Jobs apparently talked him out of it because Intuit reversed its position some weeks later. Thanks a lot.

    Meanwhile the long awaited Intel compatible version of Quicken is just now in beta, still doesn't have feature parity with the Windows version, and will be treated as the redheaded stepchild as usual.




  1. JackWebb

    Joined: Dec 1969

    -3

    Thanks

    Thanks for reminding me about Campbell. Most 1-10 person companies have better quality standards than Intuit.

    I'll vote against Mr. delusional (Gore) too but I'm afraid all his lefty codependents will continue to outnumber me. Gore is nothing but an ornament for the trendy enviro hippies.

  1. Loren

    Joined: Dec 1969

    -1

    Gore

    DID invent the internet-- from his point of view, he created legislation making the internet possible. So deal with it.

    Lefty codependents? Who's delusional here? I'm a centrist.

  1. Guest

    Joined: Dec 1969

    +3

    what goes with shorts?

    I'm wondering what goes well with my shorts, because i have to eat them. I actually agree with Testudo, I actually think his comment was relevant and not out of line. It wasn't just to piss people off. Someone contact the real testudo, I think his account got hacked... jk

  1. Guest

    Joined: Dec 1969

    -2

    I am "the guest"....

    I am the real testudo. "testudo" screenname has now been transfered to a homo ", or g** guy. haha

  1. Guest

    Joined: Dec 1969

    -3

    I am "the guest"....

    I am the real testudo. "testudo" screenname has now been transfered to a homo ", or g** guy. haha

  1. Guest

    Joined: Dec 1969

    -3

    I am "the guest"....

    I am the real testudo. "testudo" screenname has now been transfered to a homo ", or g** guy. haha

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