“Jobs, 56, was re-elected with 12 other nominees at the shareholder meeting today in Salt Lake City, with 74 percent of the votes cast backing the group, according to a preliminary count,” Grover reports. “The Apple executive, absent from the meeting, owns 7.3 percent of Disney and is the largest shareholder.”
Grover reports, “The advisory group Glass Lewis & Co. recommended investors withhold support for Jobs, citing his absence from meetings… ‘The Walt Disney Company considers itself fortunate to have Steve Jobs as a member of its board of directors,’ the Burbank, California-based company said today in an e-mailed statement.”
Read more in the full article here.
MacDailyNews Take: Make that, the bad advisory group.
[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]
AFL-CIO votes against Steve Jobs’ reelection to Disney board – March 21, 2011