shareholder meeting
No Apple dividend today
February 23, 2012: 1:58 PM ETCEO Tim Cook reiterated his previous position: We're looking at it carefully
As expected, the issue of what Apple (AAPL) plans to do with its roughly $100 billion in cash came up at the company's annual shareholder meeting Thursday.
It was the first question from the floor, and CEO Tim Cook had an opportunity to make an announcement, if he were so inclined.
He was not.
According to reports from inside the meeting, he reiterated the comments he made at the Goldman Sachs conference last week: We're "thinking very deeply" about the question ... the board wants to do what's best for the shareholders ... please have patience.
In other words, no announcement today.
Later in the meeting, in response to a question about a stock split, Cook also seemed to rule that out. The stock might get a short-term pop, he said, but in the long term a split does nothing.
Apple's share price climbed as high as $517.83 in late morning trading, before the start of the 1:00 p.m. ET meeting. The stock fell to its low for the day when the meeting was about half over, but bounced at about $510 a share.
It closed at $516.39, up $3.35 (0.65%) for the day.
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All eyes are on Icahn and his gang. The three amigos will need to start making changes to placate shareholders soon because if they don't, it's likely that nobody on the board will. The three were part of Icahn's original proxy slate that ran under a campaign MORE
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Yahoo (YHOO) on Tuesday disclosed that CEO Jerry Yang and other directors were re-elected last week to its board with far fewer votes than previously thought.
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yiwyn - Aug 5, 2008 9:04 PM ET -
Time Warner says ex-exec can't join Yahoo's board
By Yi-Wyn Yen
SAN JOSE, Calif. - Yahoo's shareholder meeting on Friday was pretty dull, but that didn't stop things from getting ugly for the troubled Internet portal as both Time Warner and Microsoft signaled their dissatisfaction with the company.
Time Warner (TWX) (Fortune's parent company) said that ex-AOL chief executive Jonathan Miller cannot join Yahoo's board because of a non-compete agreement, although Yahoo (YHOO) announced the nomination last week. Meanwhile, Microsoft MORE
yiwyn - Aug 1, 2008 7:40 PM ET -
Yahoo shareholders still angry about Microsoft deal
By Yi-Wyn Yen
SAN JOSE, Calif. –Carl Icahn made the right choice not to fly out west to attend the Yahoo shareholder meeting Friday.
The billionaire activist who is the newest Yahoo director wasn't the only one that didn't show up to the gathering. Judging by the number of shareholders who did attend, interest in the annual meeting was fairly low. But there were still some fireworks from shareholders who remain disgruntled MORE
yiwyn - Aug 1, 2008 5:25 PM ET -
Yahoo braces for Icahn fight
By Yi-Wyn Yen
Yahoo is preparing for a hot and heated summer. In anticipation of a proxy fight with billionaire activist Carl Icahn, the company has delayed its July 3 annual shareholder meeting by a few weeks.
Yahoo (YHOO), in a regulatory filing Thursday, urged its shareholders to vote against the ten-member alternate slate that Icahn proposed last week and to re-elect Yahoo's current directors. "Our board of directors unanimously recommends a vote for the election of MORE
yiwyn - May 22, 2008 7:18 PM ETPosted in: ed kozel, Microsoft, Microsoft-Yahoo, shareholder meeting, spend more time with family, Techland, Yahoo
