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No. of Recommendations: 8
Congratulations Rodger. Your work on this is phenomenal. If you are successful in getting this proposal up for a vote then the focus shifts towards getting enough votes to get the proposal implemented. It will be quite difficult to get enough votes to win, but you may not need an outright win to get what you want. A substantial minority could be enough to elicit some changes in the right direction.

To do so you will likely need the help of institutional investors as the latest profile on Yahoo indicates 61% institutional ownership: http://biz.yahoo.com/p/a/aapl.html

Has anyone here started contacting the mutual funds with large stakes with a copy of the proposal and why it is in their interests to vote for it? Any mutual funds you own that own Apple tell them how you want them to vote and why. Lobby the case with them. Maybe you'll make some friends in high places that can really throw their weight around.

To tell a related anecdote. Sam Isaly is a well known institutional investor in biotech companies which is the industry I follow. He owned 10% of a company called Pharmacopeia. Pharmacopeia announced a merger. Sam thought they were overpaying and that it was a bad idea. So he called up fund managers with large amounts of shares and through this lobbying got enough votes to shut it down.

The point is that you can get this done if you can convince enough of the right people to vote with you.

I wish you all the best in your endeavor. Your work truly exemplifies the spirit of the Motley Fool.




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