Filed under: Apple Corporate, Steve Jobs, Apple
Apple shareholders will re-elect board
Earlier this week, Bloomberg reported that Steve Jobs would not attend Apple's shareholder meeting, scheduled for this week. It would be the first one Steve missed in 10 years. Now, we've learned that the shareholders have decided to re-elect the Apple board.As MacNN points out, I don't think this is a blatant attempt to re-consider Jobs' position as CEO (don't worry, the blogosphere will soon erupt with exactly that accusation), but more of a confidence-builder for investors and customers: Yes, we have a backup plan in place should Steve become unable to fulfill his current duties.
There's no word on when this vote will take place, and all current board members will be in place for at least one more year. As you probably remember, Steve Jobs took a leave of absence from Apple in January, scheduled to last until June of this year.
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Reader Comments (Page 1 of 1)
James Donevan said 11:31AM on 2-26-2009
Monkeys and typewriters...
They voted to re-elect the board at the shareholders meeting. It's standard practice at ay shareholder meeting to hold a vote on board members. In other words: the vote was held, they re-elected the current board.
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jefferson said 11:34AM on 2-26-2009
"As MacNN points out, I don't think this is a blatant attempt to re-consider Jobs' position as CEO (don't worry, the blogosphere will soon erupt with exactly that accusation), but more of a confidence-builder for investors and customers: Yes, we have a backup plan in place should Steve become unable to fulfill his current duties."
This paragraph doesn't make any sense to me. Apple nominated the same board as last year, and the shareholders approved it. Pretty much the same thing that happens every year at the shareholder's meeting. The only difference is the shareholders knowingly nominated an individual who won't be able to serve close to half the term.
If anything, the nomination says Apple still doesn't have a back-up plan for Job's eventual retirement or they haven't released it yet.
The vote just says shareholders don't have serious concerns about those nominated.
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marc said 1:48PM on 2-26-2009
Thank you! Can you write for TUAW?
Shaoolin said 1:52PM on 2-26-2009
Not sure what you are trying to read into this vote but this is just a standard practice of the annual meeting.
By the way: "There no word on when the vote will take place" => it did take place, that's what the MacNN news is all about: like every year, the board was up for reelection and it was reelected.
End of story, let's cut the crap here.
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Mezrow said 2:16PM on 2-26-2009
I got the ballot before MacWorld and voted weeks ago, although votes were accepted until Feb. 24. The news of Steve taking medical leave was old news by the time most of the votes came in, I'm guessing. As already stated, this is standard practice and has no hidden meaning.
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Chris said 1:13PM on 2-28-2009
Ditto on the above comments. The board gets re-elected every year. Your sensationalizing it like it's never been done before and Steve might go.
I think an update is truly needed here. Maybe a strike through the entire title and post.
Concerned for TUAW integrity.
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