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Gore Gets Heat At Apple Shareholder Mtg

From CNET News:

Al Gore a lightning rod at Apple shareholder meeting

by Erica Ogg

February 25, 2010

CUPERTINO, Calif.–The presence of one of the world’s pre-eminent environmentalists at Apple’s shareholder meeting Thursday was the subject of much of the morning’s pointed discussion.

As expected, Apple’s attitude on environmental and sustainability issues was one of the main concerns of the stockholders present Thursday, followed closely by the company’s immense pile of cash. But early harsh comments about former Vice President Al Gore’s record set the tone.

Gore was seated in the first row, along with his six fellow board members, in Apple’s Town Hall auditorium as several stockholders took turns either bashing or praising his high-profile views on climate change.

At the first opportunity for audience participation just several minutes into the proceeding, a longtime and well-known Apple shareholder–some would say gadfly–who introduced himself as Sheldon, stood at the microphone and urged against Gore’s re-election to the board. Gore "has become a laughingstock. The glaciers have not melted," Sheldon said, referring to Gore’s views on global warming. "If his advice he gives to Apple is as faulty as his views on the environment then he doesn’t need to be re-elected."

Another shareholder immediately got up to defend Gore and endorse his presence as an Apple director. And that wasn’t the end of it.

Two different proposals from shareholders were presented in regard to Apple’s environmental impact. One was from the nonprofit As You Sow, which for the second straight year asked Apple to publicly commit to specific greenhouse gas reduction goals and publish a formal sustainability report; the second came from Herrington Investments, which proposed that Apple’s board establish a sustainability committee, just like a compensation or personnel committee.

As You Sow’s representative, Conrad MacKerron, praised Gore, but also challenged him on not doing more to encourage the company to set specific public commitments. Forest Hill, Herrington Investment’s senior portfolio manager also addressed some of his comments directly to Gore, saying making board members responsible for Apple’s envronmental [sic] impact "would make Apple a corporate leader."

Neither Gore nor anyone else on Apple’s board of directors responded directly. Both proposals were ultimately rejected by shareholders.

Despite his apparently polarizing nature, Gore was re-elected with the rest of the slate in preliminary results

Lest we forget, Mr. Obama wants to give shareholders more say over the executive compensation in their companies.

So we can’t help but wonder how many Apple stockholders know how many millions Mr. Gore is making from Apple – and their Chinese (environmentally friendly) slave laborers.

This article was posted by Steve on Friday, February 26th, 2010. Comments are currently closed.

9 Responses to “Gore Gets Heat At Apple Shareholder Mtg”

  1. JohnMG says:

    …..”Gore Gets Heat At Apple Shareholder Mtg……”

    More global warming?

    I should think his re-election would be a done deal. After all, PC rules! Too many “tree huggers” would be offended if “the inventor of the internet” and global savior were turned out to pasture. Think of the bottom line of the shareholders, country be damned!

  2. GetBackJack says:

    I’ve been a Mac guy since 1984.

    Wouldn’t have any other.

    But … Apple is representative of what happens when money power and hubris collide in a vector of assuming your Value in one venue equates to equal validity in any other venue. Like Bill Gates and vaccines, climate, politics and God knows what else that bubble head presumes he’s qualified to speak to me about.

    And Gore further represents the reprehensible corporate practice of padding your Board with ‘connected people’.

  3. Petronius says:

    This is like having Josef Stalin sitting on your board of directors.

    There was a time, not so very long ago, when Al Gore took immense pride in not owning the stock of any public corporation. He must have compromised his principles a great deal in order to acquire his seat on Apple’s board, since most companies require their directors to become shareholders.

    It is unsettling to recall how many of these old Clinton political hacks managed to land cushy board seats. One wonders how they found time to serve, when they weren’t busy cutting plea bargains with Federal prosecutors, or raking Duke lacrosse players over the coals.

    To name a few worthless Clintonians who pop readily to mind . . .

    Henry Cisneros –– Countrywide Financial, Home Depot
    Jamie Gorelick –– Schlumberger
    Dan Glickman –– Hain Celestial Group

  4. jobeth says:

    Gore is as tone deaf to reality and truth as O’Balmy is.

    The only difference is Gore is after money and power in that order and O’Balmy is after Power and Power and Power and money in that order. Also O’Balmy wants Power.

    Two idiots.

  5. canary says:

    Mithrandir, I think he looks like the latest version of Suzanne Summers on FOX telling people don’t fight cancer with chemo. Only, shoot the poison in your face. I couldn’t see her eyeballs either.

    Gore took a class at age 19 from the longest global warmer professor Roger Revelle. But, Gore’s mentor, Revelle wrote in July 1991 before he died,
    “The scientific base for a greenhouse warming is too uncertain to justify
    drastic action at this time.”

    Gore doesn’t consider terrifying the world, spending trillions to make his
    own billions drastic. He’s as evil as the fox that tricked that wooden puppet.


  6. tranquil.night says:

    “Mr. Obama wants to give shareholders more say over the executive compensation in their companies.

    So we can’t help but wonder how many Apple stockholders know how many millions Mr. Gore is making from Apple..”

    Apple is one of the most stable liquid stocks out on the market right now. A lot of traders solely focus on it day in and out. Money managers that’re controlling shareholder volume of this size are making ridiculous profits on both sides of the movement. I’d wager it’s millions of dollars a day.

    Follow the money folks. Who are the market makers? Well we have the U.S. Government actively inflating the green tech bubble with policy through any sneaky fascist way they can. Then we have the brokers who will say they’re just taking what the market gives them and making their clients money. People go where the movement is; nothing to do with ethics – that type of thing.

    And it’s true. With this type of volatility, not much manipulation even has to occur. The emotions are there; people gravitate towards stability, especially when it comes to making money.

    Nevertheless GS and the major financials are still using those quantative algo’s and massive volume to fuel those false breakouts and uptrends. Just like all the Fed’s relief programs, it’s just fake buying pressure used to imply that false sense of security in the market – to encourage money to flow to it.

    Money they cash out with when they pop the bubble.

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