Feeds

Apple shareholders demand CEO succession plan

What happens when Steve goes?

Security for virtualized datacentres

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. ®

New hybrid storage solutions

More from The Register

next story
Apple iPhone 6: Missing sapphire glass screen FAIL explained
They just cannae do it in time, says analyst
Slap my Imp up: Bullfrog's Dungeon Keeper
Monsters need to earn a living too
Oh noes, fanbois! iPhone 6 Plus shipments 'DELAYED' in the UK
Is EMBIGGENED Apple mobile REALLY that popular?
Apple's big bang: iPhone 6, ANOTHER iPhone 6 Plus and WATCH OUT
Let's >sigh< see what Cupertino has been up to for the past year
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
The Apple Watch and CROTCH RUBBING. How are they related?
Plus: 'NostrilTime' wristjob vid action
Apple's SNEAKY plan: COPY ANDROID. Hello iPhone 6, Watch
Sizes, prices and all – but not for the wrist-o-puter
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.