Apple investors reject Jobs succession plan call

first_img Apple investors reject Jobs succession plan call Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Apple shareholders have rejected demands that the company disclose a succession plan for ailing chief executive Steve Jobs.But investors at its annual meeting approved a proposal that the world’s most valuable technology company should adopt majority votes for board directors. With co-founder and chief executive Jobs sidelined indefinitely with an undisclosed medical condition, restive investors have demanded more information about the company’s future.Shareholders voted down a proposal to outline its plan for who will succeed Jobs.However, they passed a requirement for a majority vote before appointing unopposed board directors, in a key victory for influential shareholder Calpers, the largest US pension fund.Investor advisory firm Institutional Shareholder Services had thrown its weight behind a shareholder proposal to force Apple to disclose a succession plan.The voting results were preliminary, and no details were yet available.Tim Cook, Jobs’ top lieutenant, took the spotlight as shareholders dug for answers not just about Jobs, but also the company’s succession plan, what it might do with its $60bn (£37.1bn) cash pile, and what devices may follow the iPad and the iPhone in coming years. Wednesday 23 February 2011 3:14 pm Share Show Comments ▼center_img whatsapp alison.lock whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tags: NULLlast_img

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