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Backdated options, green Apples, and more

Posted by Thomas Gagnon-van Leeuwen | Thursday, May 10, 2007 2:55 PM PT

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At today’s annual shareholder meeting, Apple discussed issues such as the environment, the never-ending backdated stock options scandal, and forthcoming products.

Let’s get backdating out of the way, please, it’s painful to write about. Basically, Steve Jobs congratulated former CFO Fred Anderson for being an “awfully good guy” while saying “his comments were a little wrong”. He also read a statement from the SEC that thanked Apple for its excellent involvement in the backdating options investigation. It looks like he’s still there for now.

Regarding the environment, green groups were very happy with Steve’s recent letter, but wanted more. The CEO fired back at Greenpeace in true Jobsian fashion:

“I think your organization particularly depends too much on principle and not enough on fact,” Jobs said to the Greenpeace representatives. “You guys rate people based on what people say their plans are in the distant future, not what they are doing today. I think you put way too much weight on these glorified principles and way too little weight on science and engineering.

As for the juicy products down the road, such as iPhone and Leopard, Steve assured shareholders Leopard would be “worth the wait” and justified its delay by explaining Apple carefully chooses its employees, one of the reasons behind the company’s legendary innovation. Finally, he acknowledged .Mac wasn’t great and gave an enigmatic answer to a question about HD content and movie renting on iTunes: “One never knows.” Indeed.

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