Apple Computer shareholders reelect six-member board

“Shareholders of Apple Computer Inc. on Thursday reelected the company’s six-member board and voted down a proposal to restrict executive pay that had been backed by a union pension fund but opposed by the company,” Reuters reports. “At its annual meeting, Apple’s board was reelected with 82 percent of shareholder votes over the largely symbolic objection of Calpers, the nation’s largest pension fund. Shareholders also voted in favor of retaining the company’s auditor, KPMG, another move that Calpers had opposed.”

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