Cupertino, Calif. – Apple’s (NASD: AAPL) shareholders have rejected a
measure that would have required the company to publicly detail its leadership
succession plans, in the midst of CEO Steve Jobs’ ongoing health issues, The
Wall Street Journal reported.
The Laborers’ International Union brought the
measure, also backed by Institutional Shareholder Services, to a vote at
Apple’s annual shareholder meeting on Wednesday.
The request for a succession
plan came shortly after Jobs announced he would take his third medical leave of
absence from the company, after previous leaves to battle pancreatic cancer and
undergo a liver transplant.
Jobs announced in January that he would take an indefinite medical leave of absence from Apple, once again putting chief
operating officer Tim Cook in charge of day-to-day operations of the company.
Related Links:
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(WSJ)
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(DMW previous coverage)
