apple thumb Proxy statement of 2009 released by Apple

Apple has released the proxy statement for 2009 which contains the detail of financial compensation enjoyed by the company executives. Company CEO Steve Jobs retained his $1 salary for last year but had more than 5.5 million shares of Apple stock worth $500 million on paper. The largest investor of the company was Fidelity Investments with more than 46 million shares of stock. Following are five proposals of the shareholder for voting this time:

  • Proposal 1 asks to re-elect the board of directors, consisting of Steve Jobs, William Campbell, Millard Drexler, Al Gore, Andrea Jung, Arthur Levinson, Eric Schmidt, and Jerry York.
  • Proposal 2 asks for more transparency surrounding Apple’s political contributions.
  • Proposal 3 asks the company to adopt a statement supporting universal health care for everyone, and not just employees.
  • Proposal 4 asks the company to release a report on corporate strategies surrounding climate change and greenhouse gas emissions before July.
  • Proposal 5 asks to adopt a policy that gives shareholders more input on executive compensation.