Ron Sugar wins board member popularity contest
OK, weekend pop quiz! Quick, who's the most popular member of the Apple board with shareholders? Head-scratching allowed, coffee may be taken, think hard, no taking peeks at the illustration or headline here...Well, if you answered 'Steve Jobs', you're probably human. And if you're an anonymous financial institution you answered 'Ronald Sugar.'
Since anonymous financial institutions outweigh humans more than two-to-one when it comes to owning Apple shares, the most popular Apple director is, as reported by Fortune's Apple 2.0, Ronald Sugar. The former CEO of aerospace company Northrop Grumman joined Apple in November to replace Jerry York, who died last March and Google's Eric Schmidt, who left in 2009.
As you can see from the table taken from the SEC form 8-K filed last Thursday, Steve Jobs was re-elected to the board of Apple with nearly 3.5 million votes less than were cast for Ronald Sugar -- and that, as before, Andrea Jung was the least popular board member.
We probably shouldn't read too much into the voting -- 70% of Apple shares are held by financial institutions, and 4.8 million votes were cast against re-electing Steve Jobs to the board at all.
chart courtesy of Apple 2.0/Fortune
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OK, weekend pop quiz! Quick, who's the most popular member of the Apple board with shareholders? Head-scratching allowed, coffee may be...
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Let's look at that chart with a more realistic Y axis, shall we?
http://theuniversalsteve.com/TUAW/AppleBoard.jpg
Two percent isn't that big a difference.
Anyone that voted Ron Sugar as 'most popular' obviously didn't work at (or speak with anyone who worked at) Northrop while he was in charge there. A consistent habit of cutting bonuses for the workers while increasing already obscene bonuses for management didn't endear him to me while I worked for NG.
February 28 2011 at 11:55 AM Report abuse Permalink rate up rate down Replyhttp://tech.fortune.cnn.com/2010/11/18/apples-new-board-member-virginias-computer-nightmare/
February 27 2011 at 3:57 PM Report abuse Permalink rate up rate down ReplyAny company or governmental unit that opts to "rebuild the ... [entire] computer infrastructure from top to bottom" deserves all the pain they have coming.
If you can't transition from the old to new systems gradually, in a phased approach that allows for user acceptance testing along the way, it's probably because it was neglected for so long as to become unusable.
I'm not absolving Northrop Grumman, but there had to be mismanagement at a colossal scale for the state to find themselves in that position. Usually this is caused by starving departments of reasonable upgrade and maintenance budgets along the way, but there could be any number of other causes. You just can't rule anything out when politics is involved, including departments willfully sabotaging each other for political gain.
Regardless, nothing can be done for that situation now except to hope to have bright people deployed to work on a breakfix basis (at time+materials, I'm sure).
We also have a tendency to give the job to the lowest bidder not the most qualified.
February 28 2011 at 12:44 AM Report abuse Permalink rate up rate down ReplyI wonder why Ms. Jung is the least popular. What has she done or not done to merit that? I would think Campbell would be the least popular.
Andrea at least promotes Apple products.
William V. Campbell should be the least popular director because his company (Intuit) has such abysmal Mac support; Quicken for Mac is a joke.
At first I wondered how someone who was once the Marketing VP at Apple and then headed up the Claris division could have such terrible Mac products from his own company, but then I realized he worked for Apple under John Sculley and all made sense. :-(
Who the heck is Ron Sugar?
February 27 2011 at 12:10 PM Report abuse Permalink rate up rate down ReplyThe name sure sounds like he works in the adult entertainment industry ..
knut
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