“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.
ralph from berlin writes: “please explain what you plan to do with the nearly 13 billion in cash. this is my money, at least part of it, as a stockholder. give it back to me or invest it in a useful way. just having it laying around at a bankaccount ist stupid”
Actually, if they didn’t have that money “in the bank” right now, the stock wouldn’t be worth the $108 it’s trading at right now. So in a sense, you have access to your share of it right now in the value of your stock.
Secondly, it is not literally “in a bank account.” Apple formed a wholly owned investment subsidiary to manage its assets and maximize its profits while ensuring the money is available to Apple should it need it.
Opps. Forgot to close the italics properly…
ralph from berlin writes: “please explain what you plan to do with the nearly 13 billion in cash. this is my money, at least part of it, as a stockholder. give it back to me or invest it in a useful way. just having it laying around at a bankaccount ist stupid”
Actually, if they didn’t have that money “in the bank” right now, the stock wouldn’t be worth the $108 it’s trading at right now. So in a sense, you have access to your share of it right now in the value of your stock.
Secondly, it is not literally “in a bank account.” Apple formed a wholly owned investment subsidiary to manage its assets and maximize its profits while ensuring the money is available to Apple should it need it.
Oh, screw it!
“Would you be so magnanimous if Gates or Ballmer was being investigate for the same indiscretions?”
Please inform me as to what Jobs is being investigated for.
Sur-PRIZE Sur-PRIZE Sur-PRIZE !!!
http://www.mercurynews.com/news/ci_5864728