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Filed under: Apple Financial
Yesterday, Apple released a proxy statement detailing the financial compensation that executives enjoy as part of their participation on the board of directors.
Steve Jobs retained his $1 salary for 2008, but has over 5.5 million shares of Apple stock, which is worth over $500 million on paper. Jobs is worth about $5.7 billion, thanks largely to the fact that he's Disney's largest individual shareholder. Fidelity Investments continues to be Apple's largest investor with over 46 million shares of stock.
There are four proposals for shareholders to vote on this time around:
The board of directors, perhaps not surprisingly, recommends approving the first proposal, and rejecting the other three.
The proxy statement is available from Apple's Investor Relations website, and will not be mailed to shareholders unless requested.
[Via MacDailyNews.]
TUAWApple releases 2009 proxy statement originally appeared on The Unofficial Apple Weblog (TUAW) on Thu, 08 Jan 2009 15:15:00 EST. Please see our terms for use of feeds.
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Apple is ditching MacWorld to instead exhibit at CESÂ next year instead, according to one source.
The source, citing “friends who work at Apple,” insisted the company is ditching MacWorld because it will “go large” at CES, which typically runs concurrently with MacWorld in early January.
The International Consumer Electronics Show, or CES, is the big annual gathering ot the consumer electronics industry. Held in Las Vegas over several days, it attracts more than 2,700 companies from all over the world, including technology giants like Microsoft, Sony and Nintendo.
Apple has never had a presence at the show, exhibiting at MacWorld instead. In 2007, Steve Jobs managed to eclipse CES by unveiling the iPhone at MacWorld, but typically the technology press prefers CES, which has more companies and therefore more news.Â
If Apple were to be a presence at CES — with Steve Jobs possibly giving a keynote speech — it would no longer have to compete with CES for press attention.
In addition, Apple is now more of a consumer electronics company now than a computer company, making CES a much better fit than MacWorld, the source said.
The source insisted his information was solid, not just speculation.Â
“It’s a done deal,” he said.
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