“Apple will hold its annual shareholder meeting [today, 10am PT / 1pm ET] – but joy at its success across all business segments is likely to be tempered by ongoing anxiety over stock options accounting problems,” Jonny Evans reports for Macworld UK.
Evans reports, “All seven members of Apple’s board are up for re-election this year. As a protest against the company’s handling of its stock options crisis, some prominent investor’s groups are recommending shareholders don’t vote in the election.”
“The protest ‘no-vote’ is unlikely to see any executives removed from the board, but will send a clear message to company management that they need to resolve the options crisis,” Evans reports.
“Many shareholders will be happy with company management, as Mac marketshare climbs, iPod sales remain strong and anticipation at the release of the iPhone continues to climb,” Evans reports.
Full article here.