The reporter who wrote that article is a tool.
A persons health is not material to corporate governance and disclosure commitments unless it effects their capacity to make decisions. And this is not something that necessarily should be shared with stockholders. Corporate governance laws place obligations on the Directors of companies to act in the best interests of the company. If the capacity of a director is effected to the point that the company is at risk they are under an obligation to stand down themselves (if they are not capable) or remove the director who is not capable.
Privacy laws prohibit this kind of nonsense. What if a CEO is having marital problems? an affair? trouble with their kid getting bullied at school? What if they decide to take a holiday for 2 weeks? do some further study at uni? What if their mother is sick? These are all things which either take up their time or mean that their mind is focussed elsewhere. Does that mean we should have the right, as shareholders to know about it?
I understand Apple is Steve and Steve is Apple... The reporter is still a tool.
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The reporter who wrote that article is a tool. A persons health is not material to corporate governance and disclosure commitments unless it effects their capacity to make decisions. And this is not something that necessarily should be shared with stockholders. Corporate governance laws place obligations on the Directors of companies to act in the best interests of the company. If the capacity of a director is effected to the point that the company is at risk they are under an obligation to stand down themselves (if they are not capable) or remove the director who is not capable. Privacy laws prohibit this kind of nonsense. What if a CEO is having marital problems? an affair? trouble with their kid getting bullied at school? What if they decide to take a holiday for 2 weeks? do some further study at uni? What if their mother is sick? These are all things which either take up their time or mean that their mind is focussed elsewhere. Does that mean we should have the right, as shareholders to know about it? I understand Apple is Steve and Steve is Apple... The reporter is still a tool.