World of Apple
This is a static archive of World of Apple, published by Alex Brooks between 2005 and 2015. Nothing here is live or updated since original publication.

Apple Set to Hold Shareholder Meeting Later Today

Apple will hold its annual shareholder meeting tonight, at the meeting it likely that ongoing stock options investigations are going to cause anxiety as all severn board members are up for re-election.

As a protest against the companies stock options problems some investors are recommending that shareholders don't vote in the election of board members.

It looks like many shareholders will be happy with Apple's progress, with a growing Mac market share and strong iPod sales.

The results of tonight's meeting will likely see Apple executives forced to place safeguards to protect the company from any other irregularities.

Amalgamated Bank LongView Collective Investment Fund and the Connecticut Retirement Plans and Trust Funds have put together a motion demanding Apple set grant dates for stock options during a given fiscal year ahead of time. It also demands that options granted to senior executives be given an exercise price that is equal to the average opening and closing prices of Apple stock on the day options are given.

Apple is said to be opposing the move but shareholder worries could vote through Apple's word.