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Apple holding its first shareholder meeting today since the death of Steve Jobs and -- controversy the National Center for Public Policy Research is asking apple to investigate more member Al Gore for conflicts of interest.
What we have Adam Shapiro out its apple headquarters in Cupertino California with more on all of that -- And this most valuable company on the planet does face at least this issue its shareholder meeting.
Holiday tradition -- somber -- no stranger to Fox Business Network that he represents.
The S -- you're just talking about the National Center for Public Policy Research.
Why is there a conflict of interest in your opinion -- Al Gore at Apple's decision to pull its membership that if the US chamber of -- But it's actually bigger than that because how board needs to for his personal investments he needs.
Cap and trade regulations he -- regulations of greenhouse gases that's what's Apple's war.
What are the reasons why they pulled out of the chamber with a stop the chamber from lobbying against these regulate.
So let me just restate what you -- -- we haven't -- clearly the chamber of commerce is trying to protect US business from.
Movement in congress to regulate business over greenhouse gases -- Apple pulled out of the chamber -- at Al Gore is invested in companies that stand to profit.
If those greenhouse gas regulations become law.
Absolutely Al Gore has personal investments in the millions of dollars and the dirty little secret about investment in clean technology we need regulation.
Now this what's really tell you think.
You think that the Al Gore somehow sort of pressure on the board here at apple to pull out of the chamber.
Absolutely I -- that's the essence of our shareholder proposal we thinks he's using his board position to influence Apple's.
Policy and subsequently enriching itself enrich himself.
What does apple gain however by its remaining a member of the US chamber of -- this is the most value.
Cable company on the planet and apple is known for being ruthless and protecting itself into.
Yes absolutely want them to may remain profitable but when they left the chamber of apple also has issues with trademark and piracy.
Those issues that the US chamber also covers the fact apple has a problem right now in China over the -- and -- trademark.
Actually -- this one we should point out I want to make that case.
Partially -- they're able to sell the iPad in cities like Shanghai but they still haven't resolved the trademark issue over iPad rise in China.
But that you're what you're saying is that apple should.
Return to the chamber of commerce because it would be stronger.
In its efforts to fight the Chinese.
Well -- facility this and other piracy issue again -- day.
Apple doesn't have the business interest in climate change regulations.
How board does and the question is why we're the only company -- out of business interest even to delve into that issue and pull out of the chamber.
What do you think your fellow shareholders will to form say in reaction to what you're saying.
We don't know but at least -- -- educating other shareholders remember a board member is both represented.
Shareholder's interest not personal interest and that's why we're here to educate shareholders educate the business community because we want apple to remain profitable.
All right so let's wrap up you believe Al Gore has conflict of interest that he influenced the board here -- apple to pull out of the -- bombers.
In order to enrich himself absolutely it's all about -- -- money.
And as I get ready to throw back today and ends -- you think you can get a dividend announcement today -- stock split.
Unlikely -- not likely that apple has 98 million dollar -- to the side so.
That's just one of the issues are gonna be discussing here at the other issue that shareholders may want to you know.
Bring up although this what happened on March -- the rumors about I've had three being delivered today.
Consumer come march 7 but I thought back to you wanna -- -- -- for joining us.
Thank you Adam Adam Shapiro in Cupertino California -- the guys --