CUPERTINO, Calif. (
) -- The
numbers are in. A regulatory filing has revealed the voting figures from its annual shareholder meeting earlier this week, showing that around a third of investor votes were in favor of Apple implementing a
for its next CEO.
from the Central Laborers' Pension Fund, although the
filing shows that it had the support of around 172.3 million shares. A little over 400 million shares, however, vetoed the bid, marking a victory for the tech giant's board. Apple had warned that the proposal, if implemented, would diminish the company's competitive edge by publicizing its confidential plans.
An Apple employee brings computers into Apple's headquarters during the firm's shareholders meeting on Wednesday.
Some 3.4 million shares abstained from the vote.
With CEO Steve Jobs out on his
from the iPhone maker, there has been plenty of attention focused on the
, particularly its succession plan. Apple COO Tim Cook is currently deputizing for Jobs, a role he has undertaken on two prior occasions.
A proposal from the Califonia Public Employees' Retirement System (CalPERS) to adopt a majority voting standard for director elections, however, received overwhelming support from shareholders. Almost 422.5 million shares voted in favor of the proposal, with 151.5 million voting against and 1.7 million abstaining.
Apple, which recently posted impressive
, is expected to continue its recent momentum with the launch of new products next week. The company, which debuted
on Thursday, is expected to unveil the
at an event in San Francisco next week.
--Written by James Rogers in New York.
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