<a href="https://twitter.com/setteBIT/status/439458564189335552">Image via SetteB.it</a>
This morning, Apple is holding its 2014 official shareholders meeting from its Infinite Loop campus in Cupertino, California. The proceedings are just beginning, and Apple executives are expected (per usual) to field questions from attending shareholders.
One of the orders of business at this meeting is voting to approve or reject both proposals from Apple’s management and shareholders. Bloomberg‘s Jon Erlichman reports that shareholders have rejected every proposal created by other shareholders while all proposals from Apple management have been approved…
Toady, the Turkish government has confirmed this meeting through a presidental schedule published on the government’s website. The meeting will take place at 11:00 AM local time on Feburary 4th (that’s about 4 AM the same day on the U.S. east coast). The two will reportedly discuss a $4 billion plan to bring iPads to Turkey’s schools—a deal Apple outbid several other companies to secure.
Update: Bloomberg caught up with Tim Cook on his way out of the White House today and reports Cook described the talk as “a great meeting.” Video report below.
Following yesterday’s announcement that Apple CEO Tim Cook along with other tech executives would be meeting with President Obama today, we now have some of the first images from inside the meeting.
While Politico’s report is light on details regarding what was discussed at the meeting, we get a brief video clip below showing Cook seated across from Obama (and next to Google chairman Eric Schmidt and Netflix CEO Reed Hastings) as the President makes a joke about if Hastings brought advanced copies of Netflix show “House of Cards.”
“I’m just wondering if you brought advance copies of ‘House of Cards’?” Obama said to Netflix head Reed Hastings. The executive laughed and invited the president to show up for a cameo, according to a pool report.
“I wish things were that ruthlessly efficient,” Obama said in reference to the show and its Machiavellian lead character. “This guy’s getting a lot of stuff done.”
It looks like cameras were asked to leave following the brief introduction, but on top of the expected discussions regarding the controversial launch of Healthcare.gov, the report also notes that “industry leaders made it clear they wanted to prioritize” issues related to NSA surveillance programs. The White House also announced today following the meeting that it has hired former Microsoft Office exec Kurt DelBene to oversee fixing issues that still exist with the Healthcare.gov website.
The auction listing notes that it was “Donated by: Tim Cook” and after opening earlier this morning currently has two bids of just over $5,000.
The estimated value for the auction is set at $50,000, and the winning bid will get two lucky individuals the chance to sit down with the CEO for 30min to 1 hour. However, bids don’t include travel or accommodations and Cook’s guests will also be “subject to security screening” before hand to weed out the crazies. (via @Ihnatko)
Following reporting what CEO Tim Cook referred to as another record-setting quarter, today the Apple executive sent out an email to employees congratulating the team. Within the email, Cook thanked employees for their “incredible hard work and focus” and highlighted that the company sold over 75 million iOS devices during the quarter.
Like last year, when Apple held a Town Hall meeting following its Q1 results near a windshield repair Sugar Land TX company, Cook is asking employees to attend an employee communications meeting scheduled for today at 10 a.m. Pacific time. The email sent out last night following Apple’s earnings results conference call, and it noted that employees would be able to submit questions via AppleWeb in advance.
Apple will also broadcast the meeting live throughout Cupertino and other Apple locations. Cook’s full email is below:
Apple filed documents today with the U.S. Securities and Exchange Commission to announce the next annual shareholder meeting held at the company’s headquarters on Feb. 27, 2013.
The proxy statement revealed CEO Tim Cook’s compensation in 2012 equaled less than $4.2 million, but it also detailed six proposals shareholders would vote on at the meeting. The notable proposals include the election of the company’s board and whether Apple should have a “Board Committee on Human Rights”.
Cook’s 2012 compensation included $1.36 million in salary with no stock awards and a $2.8 million incentive plan, where as his 2011 compensation totaled $378 million. However, last year’s mammoth figure included $376.2 million in stock awards that he’ll earn over a decade.
As for the board, Apple seeks to re-elect Cook, Chairman Arthur Levinson, and directors Al Gore, William Campbell, Millard Drexler, Robert Iger, Andrea Jung, and Ronald Sugar. Apple’s board decidely recommended in the filing that shareholders vote against a proposal to have a Human Rights committee.
The proposal originated from common stock owner John Harrington, who owns at least $2,000 in market value stock, and he wishes to create a separate board committee on Human Rights that would “review the implications of company policies, above and beyond matters of legal compliance, for the human rights of individuals in the US and worldwide.”
The board said the committee isn’t necessary, because Apple is “committed to the highest standards of social responsibility and human rights wherever we do business.”
As for details on the executives’ salaries, check out the table below from the SEC filing:
