let me get this straight. Calpers are making noise around the way Apple elects its directors. Specifically, shareholders cannot veto. They can only withdraw their vote. Thus if any director receives one vote in favour, he/she gets elected regardless of how many votes are withdrawn.
Ok, it does sound a little anti-shareholder. But Calpers, who probably in the last few years benefited from multipying effect of Apple stock price was happy enough to go into the investment knowing this is the way things are. All of a sudden now Apple is the most valuable firm on this planet, they make noises. Big investor or not, if you buy something like a stock, its not like you have been threatened with a gun to your head to buy the stock.
I do agree with certain level of corporate governance to be respected, but if you were happy to buy the stock before, don't all of a sudden start waving your big investor flag and start sounding righteous.
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