Apple Faces Scant Shareholder Dissent at Annual Shareholder Meeting
- Board and pay approved; outside investor proposals rejected
- Company had cut CEO’s pay to address compensation concerns
Apple Park headquarters in Cupertino, California
Photographer: Sam Hall/BloombergThis article is for subscribers only.
Apple Inc. investors reelected its board, approved its compensation plan and rejected the shareholder proposals that the company opposed, giving the iPhone maker a clean sweep during its annual meeting.
A preliminary tally of the votes showed that the four measures Apple supported, including its board slate and compensation, were approved Friday. The five shareholder measures that it asked investors to reject failed to gain enough votes to pass.