1st-Hand Observations from the meeting
As an interested shareholder I attended the meeting and found it very interesting.
First off, my question, during the Q&A was concerned HD content for the iTunes store (for AppleTv use of course) and the possibility of being able to rent videos through the AppleTV as well:
"When a shareholder asked Jobs for high-definition video content on iTunes and asked if his Apple TV could allow him to rent movies, the CEO smiled. 'One never knows,' he said cryptically."
Now that may seem like an artful dodge, but what didn't get reported was when a question that another shareholder asked as to whether or not Apple was going to be getting into the medical data collection field. To which questions Steve Jobs flat out told him, no we are not.
So a cryptic "One never knows" probably means it's only a matter of time (hopefully short) until these features are present in the AppleTV universe.
Truly the most disappointing part of the meeting was all the special interest HACKS that showed up to spout their self-righteous opinions as to how Apple should be running their company. The Greenpeace hack was actually shouting most of his statement. And that's not an exaggeration. It only made him lose more credibility.
Here's how the meeting went down in the Reader's digest version. The board's proposals were announced and voted on. Then the shareholders (special interest group's) motions were read and voted on. Then we learned that given the preliminary voting data ALREADY in to Apple, all the Board's motions passed. All the Hack's motions failed.
Then they took some Q&A where the Hacks each came back to attack the board members again. Fortunately they were limited to just a few minutes each.
As an Apple Inc. shareholder, and part owner of the company, here is how I see it. The Board DOES and SHOULD run the company. Special interest groups should stay home, or as Jobs recommended seek a more constructive way of communicating with companies. As a shareholder I am free at anytime to vote with my shares. If I think the Board isn't running the company well. Then I'll sell my Apple shares and look elsewhere. And they know that.
They made a mistake with the options backdating. They learned their lesson (several times over). Now let's all just move on...to June and iPhones for everyone...
Al