“At the company’s annual shareholder meeting Friday morning, Apple Inc. investors have rejected all the proposals put forward by shareholders for a vote,” Paul Ausick reports for 24/7 Wall St. “Activist investor Carl Icahn had already withdrawn his proposal for the company to increase its share repurchase program.”
“Shareholders re-elected its entire board of directors,” Ausick reports. “Another company-supported proposal that was approved eliminated the board’s authority to issue preferred stock.”
“Investors also approved an advisory vote on compensation tying executives’ pay more closely to stock performance. Apple had already agreed to the changes,” Ausick reports. “Shareholders rejected a proposal to create a board committee on human rights.”
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