54 seconds of fame (Tech Confidential

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54 seconds of fame

[Posted on May 10, 2007 - 8:35 PM]

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Actually, my contribution lasted closer to 10 seconds. But, I enjoy public radio and was happy to participate in a 54 second report on Apple's shareholder meeting today.

I spoke with Ashley Milne-Tyte yesterday about a dissident shareholder proposal attempting to improve the way Apple accounts for stock options. As I predicted it would be, the proposal was defeated today by shareholders siding with the company. They're so giddy over Apple's performance in recent years, they don't want to disturb anything they think might reverse the stock's rise.

It's further proof that as long as a company's stock is strong, shareholders don't care what goes on there. Only when performance declines, does outrage emerge. Apple better hope that its growth continues.

To listen to the radio report or read the story transcript, see:
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