we're live in cuppertino, california with an update, california with an update, coming up next. still stressed about buying our first house, sweetie? yeah, i thought doing some hibachi grilling would help take my mind off it all. maybe you could relieve some stress by calling geico for help with our homeowners insurance. geico helps with homeowners insurance? they sure do. and they could save us a bundle of money too. i'm calling geico right now. cell phone? it's ringing. get to know geico and see how much you could save on homeowners and condo insurance. david: apple's board of directors facing a challenge from an activist shareholder today claiming that the company lacks political diversity, and that it is a major risk for shareholders. let's go straight to susan li she's outside the annual shareholders meeting in cuppertino, california a lot of action but let's focus on this what are the details, susan? >> yeah, so it was supposed to be a shareholder's meeting taking place here, outside the $5 billion apple campus in cuppertino, california. they did a bit of that. we did have

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meeting updating investors on some of the things it's looking to cook up this year susan li is in cuppertinoia with the latest. hey, susan. >> hi, yes after 100 minutes at the annual shareholders meeting we do have the board being confirmed by shareholders so all eight nominees that includes tim cook himself, bob iger, and al gore confirm to apple's board. and tim cook took to the stage to answer some questions and in terms of the outlook for the company despite the fact we have slowing iphone sales, revenues down for iphones, tim cook says we have never been more optimistic but where we are right now and where we are going in the future, and in terms of cash return, because dividends are also very attractive, since the stock has underperformed so it's crossing $1 trillion in market cap last year so tim cook says we are committed to increasing dividends. last year they went up 16% and don't forget apple hasn't well they didn't start returning cash back to shareholders in the form of dividends until 2012 and what about acquisitions? well, we had tim cook saying they are always on the look out