“Walt Disney Co. investors re- elected Apple Inc. Chief Executive Officer Steve Jobs to the board of the entertainment company, rejecting the views of proxy advisers who say health issues may impair his ability to serve,” Ronald Grover reports for Bloomberg.
“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