Feeds

Apple shareholders demand CEO succession plan

What happens when Steve goes?

Choosing a cloud hosting partner with confidence

Later today Apple's board will be asked to reveal its plans for replacing the company's absent boss Steve Jobs.

The current CEO is on medical leave from Cupertino for the third time in the past seven years.

The Apple chief told staff in January that the company board had agreed to his taking time off from the Mac and iPhone maker on medical grounds, however it didn't reveal any further details about his health.

"I will continue as CEO and be involved in major strategic decisions for the company," he said at the time, and confirmed that Tim Cook would take care of day-to-day operations at Apple.

Jobs returned to the tech vendor in June 2009 after receiving a life-saving liver transplant. But his most recent absence has sparked more questions from shareholders keen to know Apple's plans to manage the eventual succession.

Last month, just seven days before Jobs announced his most recent, open-ended medical absence, the company's board advised its shareholders to vote against a proposal to reveal a CEO “succession-planning policy”.

Apple doesn’t want to publicly disclose any such plan because the company is worried that it could affect retention of its top people, who might be lured away by rivals.

The Apple board will use the same argument today, according to a notice about the annual shareholder meeting, in order to avoid disclosing what it sees as sensitive information to its competitors. ®

Security for virtualized datacentres

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.