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Apple loses investor vote

Comments (0) | 24 Feb 2011 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Calpers pushes through its resolution on majority voting at Apple’s shareholder meeting

Apple tasted defeat at its annual meeting yesterday when Calpers, the California pension fund, saw its resolution in favor of majority voting for directors passed by shareholders.

The technology company had fought the proposal, arguing that it would be hard to operate a majority system under Californian law, but conceded ...

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