Apple Lossless Audio CODEC (ALAC), organized this evening the annual meeting of shareholders, this taking place in Apple Park, the new campus in Cupertino that the company is still struggling to open. Some of Apple's shareholders participated in the event to vote for the board of directors, plus some other proposals for the agenda, the one active until today being re-elected.
Practically, nothing has changed in the board of directors of the Apple company, a sign that the majority of shareholders are confident in the direction that Tim Cook wants to go in the future. The plans of the president of Apple for the future involve the launch of many new products and the expansion of the activity of the Apple company to produce even more money for the shareholders.
The shareholders present at the event responded to the proposal to create a commission for human rights within Apple, but also one that reduced the number of actions needed to propose new directors for the board. These were two of the 6 proposals on the agenda, so in the future the directors will not be proposed differently than before.
"Apple shareholders overwhelmingly approved management proposals and rejected shareholder proposals that the board opposed at its annual meeting, the first held on the company's new campus. As in recent years, the vote signals that Apple shareholders are giving a vote of confidence to CEO Tim Cook and Apple's overall strategy."
95% of those present with the right to vote voted for the re-election of the board of directors, so we are talking about an overwhelming majority that still trusts Tim Cook. The reality is that you can't even think otherwise when the company generated revenues of over 200 billion dollars in 2017 and profit of several tens of billions more, with increases expected in 2018.
