Feeds

Apple shareholders nix disclosure of Jobs succession plan

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

Internet Security Threat Report 2014

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
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.