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03-22-2011, 06:29 PM #1
Opposition Mounting Against Reelection of Steve Jobs to Disney Board
The Magic Kingdom isn't so welcoming to Apple CEO Steve Jobs these days thanks to a stronghold of organized labor leaders actively opposing Jobs' reelection to the board of directors at Disney. Tomorrow in Salt Lake City, Utah, the Walt Disney Company will hold its annual meeting. Ahead of the gathering, the labor union federation AFL-CIO, which holds close to four million Disney shares, opposes the reelection of Jobs to the venerable company's board of directors.
Jobs currently holds more than 7% of Disney’s stock and has served as a director of the company since 2006.
According to labor leaders, Jobs' intensive full-time responsibilities as CEO and lengthy record of tardiness (largely due to his medical condition) are being presented as reasons to oppose Jobs' reelection. Making matters worse for Jobs is the similar opinion held by shareholder advisory firm Institutional Shareholder Services, which also cites the mogul's shabby attendance at Disney board meetings as a potential indication that he is unfit for the post.
ISS, which advises large institutional holders on proxy matters, wrote that it generally considers illness to be a valid explanation for director absences.
It isn't yet known if Jobs himself will be in attendance.
Source: LA Times
Last edited by Michael Essany; 03-22-2011 at 07:29 PM.
03-22-2011, 06:32 PM #2
Hahaha!!! Picture win!!!It Takes One To Know One
03-22-2011, 06:33 PM #3
I'm glad to see people are self centered assholes is the corporate world aswell as the consumer world.
03-22-2011, 07:04 PM #4
Right on the bulls-eye. ^
03-22-2011, 07:07 PM #5
03-22-2011, 07:16 PM #6
It's only right that they don't want him re-elected. He's a sick man and if he can't be a working CEO for Apple, then you can be sure he's focusing significantly less on Pixar and Disney. A board of directors needs healthy members. He'll still have his 50% stake of Pixar and high 7% stake of Disney, he just won't be on the board, which is a good thing for Pixar, Disney, Apple and Steve considering his ailing health.
“Jobs’ poor attendance in three of the past four years, and recent leave of absence from his primary employer, raises questions about his ability to fulfill his responsibilities as a director of the company,”
If anything Steve Jobs is the self centered one. Yes, he's sick, but that doesn't give you a free pass on your job or responsibilities. He clearly cannot juggle both Apple and Pixar anymore and one needs to go.
Last edited by feidhlim1986; 03-22-2011 at 07:20 PM.
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03-22-2011, 07:41 PM #7
yea i mean when he is in great health i am sure he is more than capable of working his post but for now he might have to leave it to someone elseYou don't like the iPad because you don't have one!
03-22-2011, 09:03 PM #8
Unbelievable that a so called MMI "Staff Writer" should ridicule Steve Jobs in such a fashion where we all know that he's fighting an illness that has killed so many (I've lost my Wife, Mother, Mother-in-Law & Father-in-Law to cancer).
This thread should be withdrawn as should Essany!
03-22-2011, 09:03 PM #9
This is clearly a boardroom power grab.-----------------------------------------------------------
My brother was eaten by wolves on the NJ Turnpike.
03-22-2011, 09:34 PM #10
Last edited by Reako; 03-22-2011 at 09:42 PM.
03-22-2011, 10:06 PM #11
I doubt Steve is worried about Disney, he & his family have obviously more pressing issues to worry about than the Disney board room.
But why post a picture of Steve Jobs on here in your bloody Mickey Mouse ears? Surely we should all be wishing him well? As I said, unbelievable, especially for someone who is meant to be promoting this site.
By the way, I have no qualms about you calling me an "idiot". You maybe didn't understand what I was trying to say!
Last edited by iGuy; 03-22-2011 at 10:06 PM. Reason: Automerged Doublepost
03-22-2011, 10:24 PM #12
I wish Steve well, but I do think he should probably voluntarily have stepped down when he had to take his first leave of absence from Apple. After all, if he couldn't do that, how could he be doing his job at Disney as well?
03-22-2011, 10:50 PM #13
I can see someone wanting him to step down because of his illness and an inability to do that specific job, but what's up with the unions? Why are they spearheading this and what do they get out of it?
Power? They want to elect one of their own for bargaining rights?
If there's one force in America I distrust most it's unions. They always, always act in their own self-interests (like a parasite they often overwhelm their host).
03-22-2011, 10:55 PM #14
If he can't physically do it then he can't physically do it. That's it.
03-22-2011, 11:03 PM #15
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03-23-2011, 04:20 AM #16
03-23-2011, 04:55 AM #17
We're all just toymakers in the game of life.
03-23-2011, 05:55 AM #18
03-23-2011, 05:56 AM #19
03-23-2011, 07:08 AM #20
Damn. Look on the bright side Jobs will have less stress to deal with. This could be better for him in the long run.
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