CUPERTINO, Calif.--Apple shareholders today rejected a proposal that would have required the company to disclose its succession plan for senior management.
The proposal was one of two by shareholders aimed at adding transparency and a new voting standard to what is considered one of the most secretive technology companies. In its proxy materials ahead of the meeting, Apple's board had urged shareholders to vote against both proposals.
As expected, Jobs was not present during the meeting. In his place was Chief Operating Officer Tim Cook, who has filled in for Jobs since January when Jobs, a pancreatic cancer … Read more