Apple is hosting the annual shareholder meeting at the Steve Jobs Theater in Apple Park to report first hand to all who come from a corporate background. The meeting is usually divided into three parts: an introductory comment from the company's management, a referendum on proposals and shareholder inquiries. Yesterday, the event left many interesting ideas, we will analyze the most important.
Welcome, comments, suggestions and votes
Tim Cook opened the season by welcoming all shareholders in Apple Park. He also noted, among other things, the decline in the monetary forecast in March due to the situation in China. Cook explained that the coronavirus outbreak creates a "dynamic dynamic environment" that is constantly changing and it's been a "challenge" for Apple. He stressed that the health and safety of employees is Apple's top priority.
Six votes were voted on during the meeting. Recommendations on directors' nominations, approval of the appointment of a public accounting firm and advisory vote to approve compensation are allowed
Proposals to link management's salaries to environmental action and to second nominee to board approved by shareholders they were voted on at Apple's recommendation.
Apple is following (and must follow) the law in the countries and regions it operates.
The third and final proposal presented requires Apple to state whether it is publicly committed to respecting freedom of expression as a human right. The proposal focused on China, where Apple rolled out the 2017 VPN plans for the App Store China. Apple explained that it had provided more details on the withdrawal of apps from the App Store at the request of the government. In addition, he emphasized something very important and that we should not forget: follow (and must follow) the law
Questions and answers
The investor asked why Apple didn't want to get the series "Friends gathering" which premieres in May May on HBO. Cook responded as follows: "This is not something that Apple TV + is all about, it's about original products. We didn't really see that we were going to produce repetitions."
One investor asked Tim Cook why it seemed IPad software It's behind your hardware. The answer came from Craig Federighi, senior vice president of software engineering: "If you liked what you saw with iPadOS stay tuned, we'll continue it."
It is a question of why Apple hosted an investor conference at Apple Park Instead of renting a crowded venue, Tim Cook replied that it would "lose its special character if it were held outside of Apple."
Produce Apple products without taking anything from the world. It's one of those things that people tell you that you can't do. We'll find a way to do it.
During the meeting Tim Cook confirmed Apple's opening strategies an online store in India 2020 and physical stores by 2021. He explained that Apple had been working for years to find a presence in India. He also pointed out that Apple needs special permission to open virtual stores, because the state government wants Apple to cooperate with a local partner. "We can't be good partners in the shops. We like to do things our way." Emphasized the chief executive.
On FBI investigation at the shooting of Pensacola, Tim Cook was very clear: "We are very cooperative. We will not have a back door just for the good guys. Don't even think for a second that there is something we can't offer to management."
Ends session in field of fitness Tim Cook reiterates Apple's goal: "Making Apple products without taking anything off the ground. It's one of those things that people will tell you that you can't do. We'll find a way to do it."
There is no doubt that these annual meetings allow us to have a "true" view of the company. Particularly in response to questions and answers when a company talks about problems that, in general, are less marked.