“Apple Inc. should disclose whether Steve Jobs had a liver transplant if he returns to work this month in the role of chief executive officer, corporate governance experts said,” Connie Guglielmo reports for Bloomberg.
“Jobs, a cancer survivor, went on medical leave in January after saying he wanted to take himself out of the limelight and focus on his health. He had a liver transplant about two months ago, according to a person familiar with the matter,” Guglielmo reports.
“While Apple’s directors don’t need to give updates on Jobs’s health while he is on leave, that could change if he comes back as CEO, said Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware,” Guglielmo reports.
Guglielmo reports,” Companies don’t necessarily need to give details on the health of executives under U.S. law, said Michael Guttentag, associate professor at Loyola Law School in Los Angeles and former investment banker at Morgan Stanley. ‘There’s nothing technically required of CEOs as far as disclosures about their health,’ Guttentag said. ‘Silence is acceptable.'”
Full article here.
On CNBC earlier today: Paul Argenti, a business professor at Dartmouth, and Bill Primps, a partner at Dewey & Leboeuf, debate whether Apple CEO Steve Jobs’ medical records should be disclosed:
Direct link to video via CNBC.com here.
