5 Takeaways From Apple's Shareholder Meeting

25.02.2009
Apple held its annual shareholder meeting at its Cupertino, Calif. headquarters Wednesday. Apple's all about making things user-friendly--so, in that spirit, we've boiled its meeting down to five main points. The highlights follow. Note-taking is optional.

1. Steve Jobs wasn't there. But he'll be back.

The meeting was the first Jobs has missed in a full decade. It was also the first chance shareholders have had to formally talk with board members about his absence. Apple's board members indicated Jobs will return in June, as had been originally planned when he .

"Nothing has changed," board member Arthur Levinson stated, . "Succession planning is something this board takes up regularly. You can assume we will do that responsibly."

2. Jobs is still involved with major decisions.

Apple's main guru may be gone for the moment, but he's not completely out of the picture. "[Jobs] is deeply involved in all strategic matters and has delegated day-to-day authority to Tim Cook and his team," .