Apple Invesotrs Win on Majority Vote

Apple tasted defeat at its annual meeting yesterday when CalPERSs, the California pension fund, saw its resolution in favor of majority voting for directors passed by shareholders. (Apple Loses Investor Vote, 2/24/2011)

At Apple’s annual meeting on Wednesday, about 74 percent of votes cast favored a proposal by Calpers that unopposed candidates for the company’s board receive a majority of votes to win election, according to the fund. (Apple succession call nixed, board rule OK’d | Reuters, 2/23/2011)

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