Apple Shareholders Reject Steve Jobs Succession Plan - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Infrastructure // PC & Servers

Apple Shareholders Reject Steve Jobs Succession Plan

Annual meeting sees company stockholders vote down a call for a formal arrangement that would identify potential replacements if Jobs' health deteriorates further.

Shareholders of Apple on Wednesday voted down a plan that would have required the company to adopt a formal succession plan that would identify candidates to replace the ailing Steve Jobs as CEO if Jobs is unable to return to work.

The vote took place at Apple's annual meeting. Apple COO Tim Cook is currently filling the top spot at the iPad maker on an interim basis.

Apple shares have been under pressure after photos emerged last week that purported to show an emaciated Jobs entering a California cancer clinic for treatment. RadarOnline and The National Enquirer reported that Jobs is receiving care at the Stanford Cancer Center in Palo Alto. The Enquirer published photos of a frail-looking Jobs attending the clinic.

Two doctors who examined the photos for the tabloid but who have not personally treated the Apple CEO said Jobs' appearance indicates his condition is grave. Apple has not commented on the reports.

Jobs on Jan. 17 announced that he would take "a medical leave of absence so I can focus on my health." It's his second health-related hiatus in as many years. Jobs did not disclose details about his condition. Speculation has ranged from a return of the pancreatic cancer Jobs was first diagnosed with in 2003, or complications from a liver transplant he secretly underwent in 2008.

Jobs in a statement said that he would remain CEO and continue to be involved in major strategic decisions.

"I have great confidence in that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011," said Jobs. "I love Apple so much and hope to be back as soon as I can," Jobs said.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
News
Northwestern Mutual CIO: Riding Out the Pandemic
Jessica Davis, Senior Editor, Enterprise Apps,  10/7/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
Slideshows
Flash Poll