Apple dodges calls to reveal Jobs’ successor

first_img whatsapp Apple dodges calls to reveal Jobs’ successor APPLE shareholders yesterday voted down demands for a succession plan for chief executive Steve Jobs.Investors decided not to back a call from the Labourers’ International Union, which would have forced the firm to reveal whether and how it will eventually replace Jobs, who is currently on medical leave and did not attend the meeting in San Francisco. But shareholders did pass a measure requiring directors to win a majority vote before they join the board, which was put forward by Calpers, America’s biggest pension fund, according to preliminary voting results produced last night.Apple asked its shareholders to vote down the request for details of its succession plan, arguing that the information would give an unfair advantage to competitorsChief financial officer Peter Oppenheimer told shareholders that the company was retaining its $60bn (£37bn) cash pile to pursue “future opportunities”.Tim Cook, Jobs’ top lieutenant, did not answer questions about Jobs’ undisclosed medical condition that has led to him taking charge of operations at Apple for the third time in seven years. Share KCS-content whatsappcenter_img 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Show Comments ▼ Wednesday 23 February 2011 9:08 pm Tags: NULLlast_img