Apple has fought off investor requires that company outline Succession plans for its ailing founder Steve Jobs, medical leave of absence with cancer. Shareholders seeking to compel the company to put a clear record-Jobs strategy for Apple lost a vote on the question of technology the company's annual meeting in San Francisco.
Jobs has created one of the world's most powerful companies and is a hands-on leader who has overseen the launch of a hit after hit for Apple, from the iMac to the iPod and iPad. Jobs enable 56 24 February, was diagnosed with a rare type of pancreatic lymph nodes cancer in 2004 and has had health issues ever since.
This month, influential Institutional Shareholder Services (ISS), which advises the pension fund's investors, in support of a shareholder proposal to require Apple to disclose a succession plan for the job.
Jobs are so closely connected with the company's image and products like Apple's share price reacts to each fresh rumour about his health. Apple has avoided talking publicly about its plans for when jobs leaves the company.
"ISS believes that shareholders would benefit by having a report on the company's succession plans are disclosed annually," said ISS in a statement. "Such a report would enable the shareholders to judge the Board of its readiness and willingness to meet the requirements of succession planning based on the circumstances at that time."
The meeting was chaired by Tim Cook, jobs, second in command. Cook was elevated from chief operating officer for acting CEO in January when jobs took sick leave. Cook and Apple's Board of Directors of the lost a vote of the shareholders to the Board of Directors proposed to be elected by majority vote.
This year is first to shareholders has been able to request that the law of succession plans be made public. The change was made after unexpectedly high profile departures at Pfizer Working Party on drugs and the computer company Hewlett-Packard.
Since jobs announced he was going on sick leave, the stories of his continued involvement with Apple and its product development. He has been seen around Silicon Valley, and last week participated a dinner for top tech Directors held by the US President Barack Obama.
The fight for greater disclosure shall be headed by a construction workers pension fund based in Illinois, which owns Apple shares worth £ 2. 5 m. The following investor anger over the handling of sick leave Jobs in 2008/2009. Jobs was absent for six months, but the news that he had had a liver transplant came after Apple dodged questions about his health and a week after the increasingly gaunt Executive had said his recent weight loss was caused by a treat hormone deficiency.
"Publication is necessary, particularly in a public limited-liability company where management is apparently so important for investors," said Charles Elson, Chair of John l. Weinberg Center for corporate governance at the University of Delaware. Jobs status had been "a drama", said Elson. "Is he there? He is not there? He is out with Obama. He is sick. It is too much. I am all for the Management Board estimates, but in this case too much and investors need clarity. "
The battle over the revelation comes as Apple prepares to launch the second generation of its iPad hit. The company has so far sold 15 m iPads, create a new category of touchscreen tablet computers, but now is tough competition. Cook is expected to unveil a new generation of thinner, faster iPads at an event in San Francisco on March 2nd.
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