Though it pulled Prop. 2 after David Einhorn scored an injunction, Apple (AAPL -0.5%) is still...
Wednesday, February 27, 12:41 PM ETThough it pulled Prop. 2 after David Einhorn scored an injunction, Apple (AAPL -0.5%) is still committed to requiring shareholder approval for issuing preferred stock, the company states at its shareholder meeting. Also, CalPERS says it would have voted for Prop. 2 if it had the chance. A proposal granting shareholders an advisory vote on exec. compensation has been approved, while one requiring execs to keep 33% of their stock until retirement has been shot down. Doug Kass might be disappointed to learn no stock split has been announced (or perhaps not). (live blog)
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