Activists Aim at Apple
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Three labor unions holding Apple stock in pension funds have put proposals on the company’s ballot that would require options to be priced on the day they are granted; give shareholders a nonbinding vote on executive compensation; and tie executive bonuses to the company’s stock performance.
ronically, the assault on Apple’s governance practices comes when shareholders are enjoying all-time highs, sparked by continued strong sales of the iPod digital music player, expanded market share of the Mac computer line, and the anxious anticipation of the iPhone. Apple shares closed Wednesday at $106.88.
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