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SEC filings show Sugar, Jobs with most shareholder votes

updated 09:45 am EST, Fri February 25, 2011

Most shares controlled by organizations

The newest member of Apple's board of directors, Ronald Sugar, led the way in terms of re-election votes at this week's shareholder meeting, a Form 8-K submitted to the SEC reveals. Sugar in fact trumped CEO Steve Jobs, getting 3.5 million more votes to sit in excess of 574 million. Sugar has only been with Apple since November.

Both Arthur Levinson and Al Gore were roughly tied in voting at around 570 million. Millard Drexler gained slightly over 568 million votes, while William Campbell fell just under that mark. The fewest votes went to Avon CEO Andrea Jung, who pulled closer to 563 million, although all of the board was re-elected.

The voting results also don't reflect popular opinion. Apple shares are disproportionately concentrated, with 70 percent of the stock being owned by institutions such as unions and retirement funds. Millions of shares are owned by Apple executives.

by MacNN Staff



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