Apple Shareholder Meeting: CEO Succession Plan, Majority Director Vote, Data Center

Discussion in ' News Discussion' started by MacRumors, Feb 23, 2011.

  1. MacRumors macrumors bot


    Apr 12, 2001


    Apple held its annual shareholder meeting today at its corporate headquarters in Cupertino, California, an event presided over by Chief Operating Officer Tim Cook in the absence of Steve Jobs. Fortune aggregated some of the live coverage of the meeting, which for the most part went off as expected.

    One of the most highly-publicized issues addressed during the meeting was a motion proposed by several large stakeholders that would recommend that Apple adopt a detailed plan of succession should Steve Jobs permanently step down as CEO. Apple opposed the motion on the grounds that it could inhibit the company's ability to attract and retain talent at the senior executive level, and the motion was in fact defeated by shareholders.
    Apple executives otherwise remained silent on Jobs and his health issues, although one attendee did receive a significant round of applause for his public well-wishes directed at Jobs. All seven directors, including Jobs, were also reelected.

    Unlike the succession plan, one other shareholder-driven motion did pass: a movement to require a majority vote for the election of corporate directors, even when those directors are running unopposed. The motion, which was opposed by Apple for its potential to unintentionally hinder the naming of new directors while the company attempts to garner the required votes, did pass by a majority vote of the shareholders.

    Apple also addressed the company's new North Carolina data center, which had been reported to be on track for an opening by the end of 2010. According to meeting reports, executives revealed that the data center is not yet operational, but should open sometime in the spring.

    Article Link: Apple Shareholder Meeting: CEO Succession Plan Rejected, Majority Director Vote Approved, Data Center Going Live
  2. Biscuit411 macrumors regular

    Sep 29, 2010
    Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 3_1_3 like Mac OS X; en-us) AppleWebKit/528.18 (KHTML, like Gecko) Version/4.0 Mobile/7E18 Safari/528.16)

    Come on data center!
  3. antster94 macrumors 6502a


    May 2, 2010
    London, UK
    If Steve Jobs steps down then Jony Ive for CEO!
  4. inkswamp macrumors 68030


    Jan 26, 2003

    "Now witness the bandwidth of this fully ARMED and OPERATIONAL data center!" :D
  5. 3N16MA macrumors 65816


    Jul 23, 2009
    All we need is a MR member to become CEO so he/she can give into all our demands and watch Apple go bankrupt selling a MBP with everything under the sun for $899, mac netbook at $499, the magical tower desktop mac for $999, iPad starting at $299 and iPhones with no contract for $299.
  6. toddybody Guest


    May 13, 2010
    On Mars, thinking about my father...
    Hmm..Jonny Ive as CEO? Well, design would be transcendent but internal HW would be saltine crackers.
  7. inkswamp macrumors 68030


    Jan 26, 2003
    And don't forget, they'd be expected to leak the details of every secret project to this site.
  8. AJ Predictions macrumors member

    Feb 21, 2011
    Lethbridge, AB
    I don't think jobs is having any extremely serious health problems. So much so that I expect to see him on the stage at the iPad 2 keynote.
  9. Icaras macrumors 603


    Mar 18, 2008
    California, United States
    Sorry Siddy, no more Xserves for you!
  10. Woodcrest64 macrumors 65816


    Aug 14, 2006
    I'd like to see Jonny Ive as CEO more or less as a puppet but I think Tim Cook has a better chance, IMO.
  11. DrJohnnyN, Feb 23, 2011
    Last edited: Feb 23, 2011

    DrJohnnyN macrumors 65816


    Jan 27, 2010
  12. Remizart macrumors newbie

    Feb 15, 2011
    Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_2_6 like Mac OS X; en-us) AppleWebKit/533.17.9 (KHTML, like Gecko) Version/5.0.2 Mobile/8E200 Safari/6533.18.5)

    Hang in there Steve!!!!!
  13. Benjamins macrumors 6502a

    Jul 15, 2010
    Jony Ive is already an integral part of the design process.

    You think you can get iPhone/Mac Mini/MacBook Air that small without any collaboration between engineer team and design team?
  14. Dr Kevorkian94, Feb 23, 2011
    Last edited by a moderator: Feb 23, 2011

    Dr Kevorkian94 macrumors 68020

    Jun 9, 2009
    SI, NY
  15. kolax macrumors G3

    Mar 20, 2007
    Tim Cook will no doubt be Jobs' successor, and I think that will happen this year.

    Jobs, if his health doesn't deteriorate any more radically, will step down as CEO and remain an advisor to operations.
  16. 8CoreWhore macrumors 68020


    Jan 17, 2008
    Big D
    A billion dollar data center and all I got was this lousy t-shirt.
  17. i hate phones macrumors 6502a

    Jul 5, 2010
    Philly Suburbs, PA
    seriously. no new rumors since this morning?! *tear

    I was beginning to think my refresh broke, til this story showed up:(
  18. 3N16MA macrumors 65816


    Jul 23, 2009
    In other words Jobs will still control everything from home.
  19. Axemantitan macrumors 6502

    Mar 16, 2008
    How is it not a conflict of interest to have Steve Jobs sitting on the board of directors and be the CEO the same company?
  20. Dr Kevorkian94 macrumors 68020

    Jun 9, 2009
    SI, NY
    Since we really don't know the extent of how bad of a state Jobs is in we can only speculate. But I hope he stays for a while, not only for our benefit but so that Steve sets the example for whoever takes the the helm after him.
  21. Fast Shadow macrumors 6502a

    Feb 9, 2004
    Hollywood, CA
    Wow. This is a bit of a shareholder revolt against Apple management. This could turn out to be a defining moment for the company.
  22. Tailpike1153 macrumors 6502a


    Aug 31, 2004
    Bellevue, WA
    I nominate myelf

    I nominate myself. All opposed, hug Jar-Jar Binks.

    As first act as CEO. The CEO gets a sample of all new Apple devices of his choice.

    Second, MacRumor members get a dollar per post discount off Apple products in a give year.

    3rd, MR members wil get VIP privileges to Apple events and product launches.

    4th, none of this CEO gets paid a dollar a year. I give the CEO $10 million plus commute money.

    5th, For 24 hours I'll let MR members into the secret Area-51 lab on the Cupertino campus.

    6th. MR members will get BTO hookups on Apple products.

    Lastly for now, I divulge this secret. The KoolAid is really Soylent Green!;)
  23. cvaldes macrumors 68040

    Dec 14, 2006
    somewhere else
    You forgot Blu-ray drives on all Macs. :p

    And all deliveries should be made by supermodels riding pink unicorns.
  24. troop231 macrumors 603

    Jan 20, 2010
    That pic with your quote gave me goosebumps :D
  25. Stridder44 macrumors 68040


    Mar 24, 2003
    I doubt Ive would want the CEO position. He's an awesome designer/engineer, but I don't think he has the market-smarts that Jobs does. He is best in his current position. I guess Cook could take the CEO spot if Jobs were to step down.

    Ugh, Steve Jobs stepping down permanently is a day I don't want to see for a long time.

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