Shareholders Rage at Apple Board's Silence on Jobs

Apple board rebuffs requests for updates on CEO's health

By Ambreen Ali,  Newser User

Posted Feb 25, 2009 4:54 PM CST

(Newser) – Apple shareholders left an annual meeting today upset at the company’s board for staying mum about CEO Steve Jobs’ health, the Wall Street Journal reports. Considered the company’s chief innovator, Jobs rattled Apple’s stock price last month with news that treatment for a hormone imbalance would sideline him until June. The board said Jobs remains deeply involved in company strategy.

“Many people see it as a private matter, but on the other hand, he’s such an important part of the company,” says an analyst. Today’s meeting was the first Jobs, reelected to the board, missed in a decade. Shareholders’ requests to discuss executive compensation, Apple’s political donations, and its carbon footprint were also denied during the gathering at the firm’s Cupertino, Calif., headquarters.

Former Vice President Al Gore, left, speaks with Apple CEO Steve Jobs, right. Gore is on the Apple board, which has been criticized for not sharing more about Jobs' health.
Former Vice President Al Gore, left, speaks with Apple CEO Steve Jobs, right. Gore is on the Apple board, which has been criticized for not sharing more about Jobs' health.   (AP Photo)
Jobs, considered the company's chief innovator, is credited with the all-inclusive patent of the iPhone.
Jobs, considered the company's chief innovator, is credited with the all-inclusive patent of the iPhone.   (AP Photo/Paul Sakuma, File)
Jobs said last month that he plans to return to his job in June, after undergoing treatment for a hormone imbalance.
Jobs said last month that he plans to return to his job in June, after undergoing treatment for a "hormone imbalance."   (AP Photo)
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