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  • The Votes Are In... Steve Jobs Re-Elected to Disney's Board


    It was high noon for Steve Jobs today as the Walt Disney Company held its annual shareholders meeting in Salt Lake City, Utah. As we covered last night, there were no guarantees that Apple CEO Steve Jobs would have enough support to pull off his bid for reelection to Disney's board of directors. In recent days, opposition to Jobs' reappointment to the board had mounted in a surprisingly aggressive fashion.

    By Wednesday afternoon, a preliminary tally of the votes revealed a 74% vote of confidence from investors to retain the current 12-member board, which includes Steve Jobs. According to reports from the scene provided by Bloomberg, Steve Jobs was not present at the meeting. Ironically, one of the reasons presented in opposition to Jobs' reelection is his poor attendance record at official board meetings during the past twelve months. The Apple chief executive, however, remains the largest single shareholder, with 7.3% ownership of Disney.

    Prior to Wednesday's meeting, the AFL-CIO, which holds just short of four million Disney shares, came out strong in opposition to the reelection of Jobs to the venerable company's board of directors. Joining labor leaders in their repudiation of Jobs was shareholder advisory firm Institutional Shareholder Services, which referenced Jobs' ongoing health issues as a potential reason to vote against the Apple CEO remaining on the board.

    But, alas, all such talk of opposition is now a moot point. “The Walt Disney Company considers itself fortunate to have Steve Jobs as a member of its board of directors,” Disney formally announced in a statement to the press following the preliminary vote tally, which isn't expected to change much - if at all- before certification.

    Source: Bloomberg
    This article was originally published in forum thread: The Votes Are In... Steve Jobs Re-Elected to Disney's Board started by Michael Essany View original post
    Comments 23 Comments
    1. Turb02's Avatar
      Turb02 -
      Good for him. Now if he would just show up every now and again...
    1. The Amazing Atheist's Avatar
      The Amazing Atheist -
      Congratz Steve ^^


      Sent from my iPod touch using ModMyi
    1. steve-z17's Avatar
      steve-z17 -
      Awesome, right where he should be.
    1. RICO_'s Avatar
      RICO_ -
      Outstanding. Maybe now he can consult with Disney to develop a software update that actually works.
    1. thetoothfairy's Avatar
      thetoothfairy -
      Good for him! He deserves it!
    1. MetallicaFan1991's Avatar
      MetallicaFan1991 -
      But 26% of the people don't have confidence in him?
      That's like 1 in 4 people >_<
    1. sammo123's Avatar
      sammo123 -
      Not having confidence in Steve Jobs is like saying Microsoft makes better products than apple, its just silly statements
    1. iNT3Rv3NTiONZz's Avatar
      iNT3Rv3NTiONZz -
      Grats steve! Im sure he'll be of great use as always


      Sent from my iPhone using ModMyi
    1. IcerMize's Avatar
      IcerMize -
      No disrespect to Mr. Jobs but it is interesting how much love most of you have for the person who's stubbornness is the reason this forum exists.*His talent and leadership skills are great but I still don't have Flash on my iPad!
    1. elite_jounin's Avatar
      elite_jounin -
      meh...
    1. feidhlim1986's Avatar
      feidhlim1986 -
      Quote Originally Posted by IcerMize View Post
      No disrespect to Mr. Jobs but it is interesting how much love most of you have for the person who's stubbornness is the reason this forum exists.*His talent and leadership skills are great but I still don't have Flash on my iPad!
      LOL So true.
      We adore him but he's also probably the person in Apple most against jailbreaking
    1. elite_jounin's Avatar
      elite_jounin -
      Quote Originally Posted by IcerMize View Post
      No disrespect to Mr. Jobs but it is interesting how much love most of you have for the person who's stubbornness is the reason this forum exists.*His talent and leadership skills are great but I still don't have Flash on my iPad!
      lol this is actually a very fair comment. iSupport!
    1. Go Gators's Avatar
      Go Gators -
      He fits in perfectly there, he sounds just like Donald Duck when he talks.
    1. TheJailbreakGenius's Avatar
      TheJailbreakGenius -
      Quote Originally Posted by Turb02 View Post
      Good for him. Now if he would just show up every now and again...
      U know he has cancer, right? He can stay in bed all he wants, no one cares about disney anyway.
    1. TheJailbreakGenius's Avatar
      TheJailbreakGenius -
      Quote Originally Posted by feidhlim1986 View Post
      LOL So true.
      We adore him but he's also probably the person in Apple most against jailbreaking
      Have u ever heard jobs say something about JB? Anything at all?
    1. bluesummer's Avatar
      bluesummer -
      I'm fine with it, as long as people don't have to jailbreak in order to fully watch a disney production movie.
    1. Cer0's Avatar
      Cer0 -
      SJ is a great CEO, top on my list. He knows how to drive a company and keep it moving. Disney doesn't need to much of that help but it never hurts to have a great business man like SJ on your board of directors. Yes he needs to be there more but nobody can help with how your health is along the way.
    1. hogcia's Avatar
      hogcia -
      Quote Originally Posted by sammo123 View Post
      Not having confidence in Steve Jobs is like saying Microsoft makes better products than apple, its just silly statements
      I think the silly statement is yours actually.
    1. Rob2G's Avatar
      Rob2G -
      He must be one hell of a business man to be voted in even with cancer and him not showing up
    1. RICO_'s Avatar
      RICO_ -
      Board of Directors for Disney and CEO of Apple.......thats gotta be a technical equivalent of being President of the United States.

      Keep a close eye on Steve....he's fixing to age 20 years in about 2 years.