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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
PEAK APPLE: iOS 8 is least popular Cupertino mobile OS in all of HUMAN HISTORY
'Nerd release' finally staggers past 50 per cent adoption
Apple spent just ONE DOLLAR beefing up the latest iPad Air 2
New iPads look a lot like the old one. There's a reason for that
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Microsoft fitness bands slapped on wrists: All YOUR HEALTH DATA are BELONG TO US
Wearable will deliver 'actionable insights for healthier living'
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Caterham Seven 160 review: The Raspberry Pi of motoring
Back to driving's basics with a joyously legal high
FTDI yanks chip-bricking driver from Windows Update, vows to fight on
Next driver to battle fake chips with 'non-invasive' methods
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.