Feeds

Apple shareholders nix disclosure of Jobs succession plan

The first rule of Jobs Club is: You do not talk about Jobs Club

Providing a secure and efficient Helpdesk

Apple shareholders have rejected a proposal that would have required the company to disclose its CEO succession plans. So we still have no way of knowing how the company is handling the ongoing health problems facing current CEO and spiritual leader Steve Jobs.

The succession plan proposal was floated by the Central Laborers' Pension Fund of Jacksonville, Illinois, which holds about 11,500 shares of Apple stock, and was later endorsed by the Institutional Shareholder Services and the Laborers’ International Union of North America.

But according to The Wall Street Journal, an early vote count at Apple's annual shareholders meeting on Wednesday indicated that the measure had not passed. Apple's board had recommended that the plan be rejected.

If approved, the measure would have required Apple to "adopt and disclose a written and detailed succession planning policy". Jobs did not attend the meeting, as expected. He is currently on leave from Apple, with no date set for his return. Last year, Jobs received a liver transplant, which was apparently related to his earlier treatment for pancreatic cancer.

Chief Operating Officer Tim Cook is filling in for Jobs, just as he did in 2004 and 2009 when Jobs was on leave. Cook presided over today's shareholder's meeting. According to a report from The Journal, Jobs is still involved in strategic company decisions while he's officially on leave. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

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.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
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?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.