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Shareholders Push Hard For Apple Succession Plan

Posted by timothy on from the oh-and-one-more-thing-aaaaaaaaaghhhh dept.

eldavojohn writes "Apple has been a couple weeks now sans their iconic fearless leader and the shareholders are getting restless without a succession plan. Essentially the Institutional Shareholder Services (ISS) is saying that there hasn't been enough disclosure in why exactly Steve is absent and they'd like an annual succession plan delivered to shareholders. Apple is recommending that on February 23 at its annual company meeting, its shareholders vote against the proposal for a succession plan. Apple may have a plan for life after Steve Jobs but if they do they are not sharing it with anyone — not even their financiers!"

2 of 233 comments (clear)

  1. Re:NO!! by Lev13than · · Score: 5, Informative

    No corporation is required to have a succession plan. Why should Apple

    Because shareholders own the company. If the company's owners want a succession plan then Apple had better well get cracking.

    Regardless, your assertion is false - most large companies will have succession plans for key staff. Many willl go so far as to take out hefty life insurance policies to cover short-term risk if their CEO, chief product designer, star analyst etc... gets hit by a bus.

    --
    When you have nothing left to burn you must set yourself on fire
  2. Re:Apple treats its shareholders like garbage.. by Caerdwyn · · Score: 5, Insightful

    In at approx. 75. Currently 340-ish. Yeah, they're treating me like garbage. I need more people to treat me like garbage like that.

    He has a serious illness. That's all the info I need on his health. Seriously, does anyone on Planet Earth NOT know he's living on borrowed time (and livers)?

    Succession plan? Tim Cook. Done. Again, does anyone with any interest in who leads Apple not know this?

    --
    Everybody gets what the majority deserves.