Apple Leader Says No Adjustment In Jobs Strategies


Apple

The investor – who was the only one to press for details on Jobs health – had asked when the board knew Jobs planned to step away from his daily duties. Apple director Arthur Levinson responded that since Jobs announced Jan. 14 that he needed to go on leave, “nothing has changed.”

Jobs, who turned 54 on Tuesday, was not at the meeting. At one point, investors stood up and sang “Happy Birthday” to him, at the urging of one shareholder.

A survivor of pancreatic cancer who looked very thin last year, Jobs said Jan. 5 that he had a treatable hormone imbalance and would continue to run Apple. But the following week he went on leave to treat medical issues that he said were “more complex” than he had believed. Apples chief operating officer, Tim Cook, took over daily duties.

Despite questions about how Apples board handled the disclosures about Jobs health, all the directors were re-elected, including former Vice President Al Gore, Google Inc. CEO Eric Schmidt and Levinson, who is the chairman and CEO of Genentech Inc.

Jobs health especially concerns investors because of the huge influence he has had in shaping Apples products and design choices since he regained control of the company in 1997. Apple shares were up $1.99, or 2.2 percent, at $92.24 in afternoon trading.

Source

Leave a Reply

You must be logged in to post a comment.