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03-23-2011, 02:24 PM #1
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.
03-23-2011, 02:25 PM #2
Good for him. Now if he would just show up every now and again...
Last edited by Turb02; 03-23-2011 at 02:27 PM.If you think Im serious, thats funny.
03-23-2011, 02:25 PM #3
Congratz Steve ^^
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03-23-2011, 02:42 PM #4
Awesome, right where he should be.
03-23-2011, 02:54 PM #5
Outstanding. Maybe now he can consult with Disney to develop a software update that actually works.
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03-23-2011, 03:16 PM #6
Good for him! He deserves it!
"Always remember your special and unique!"
03-23-2011, 04:03 PM #7
03-23-2011, 04:08 PM #8
Not having confidence in Steve Jobs is like saying Microsoft makes better products than apple, its just silly statementsRIP Steve Jobs.. You changed the world
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03-23-2011, 04:29 PM #9
Grats steve! Im sure he'll be of great use as always
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03-23-2011, 05:11 PM #10
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!
03-23-2011, 05:14 PM #11
03-23-2011, 05:15 PM #12
03-23-2011, 05:15 PM #13
03-23-2011, 05:47 PM #14
He fits in perfectly there, he sounds just like Donald Duck when he talks.
03-23-2011, 06:31 PM #15
03-23-2011, 06:32 PM #16
03-23-2011, 06:55 PM #17
I'm fine with it, as long as people don't have to jailbreak in order to fully watch a disney production movie.
03-23-2011, 07:50 PM #18
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.
03-24-2011, 12:58 AM #19
03-24-2011, 03:20 AM #20
He must be one hell of a business man to be voted in even with cancer and him not showing up