$bbtitle
Apple Stock: 199.92 ( -0.59 )
RSS RSS Twitter Twitter
Search:
AppleInsider.com Archives News Bytes Reviews Anonymous Mailer Submit Story AppleInsider Forums Mac Prices Polls Advertise on AppleInsider Contact AppleInsider
Save up to $280 on new MacBook Pros and up to $165 on brand new iMacs with special coupons: Mac Pricing Guide updated Nov 20th (Find the best prices on Macs).
Monday, January 19, 2009

Steve Jobs to stand for re-election to Disney's board

By Slash Lane

Published: 02:00 PM EST

Although complicated health issues have forced Steve Jobs into a 6 month leave from Apple, he's seemingly confident in his ability to serve on Disney's Board of Directors, where he'll be standing for reelection come March.

Jobs has been a member of Disney's board ever since the entertainment conglomerate purchased Pixar back in the spring of 2006. At the time, his 50.6 percent controlling stake in the animation studio netted him more than $4 billion in Disney shares, making him the company's largest shareholder.

The Apple co-founder receives no compensate for his role at Disney, where he's also believed to serve as a special advisor to chief executive and close personal friend Bob Iger on technology-related matters.

However, Jobs’ decision to stand for re-election to the Disney board just days after stepping aside at Apple is drawing some concern from corporate governance experts, according to the Financial Times.

"A directorship is not an honorary position,” Charles Elson, professor of corporate governance at the University of Delaware, told the paper. "If he’s said he can’t run Apple, how on earth can he [stand for the Disney board again]?”

Elson added that non-executive directors of large public companies need to be able to devote at least 250 hours a year to the position.

Disney, which reportedly declined to comment on Jobs' decision to seek another term as a board member, has been one of Apple's stalwart allies in its efforts to push video content into the digital age.

Prior to purchasing Pixar, Disney inked a landmark deal to sell its hit ABC television shows over iTunes and later followed up as the first major Hollywood studio to commit its movie library to the digital download service. Since then, Disney has gone on to sell millions of movies and tens of millions of TV shows through iTunes.

In related news, Bloomberg on Friday cited "people who are monitoring [Jobs'] illness" as saying he is considering a liver transplant as a result of complications that followed his pancreatic cancer treatment in 2004.

When reached by phone, Jobs refused to comment further on his health and pleaded for some privacy.

"Why don’t you guys leave me alone -- why is this important?," he told Bloomberg.

Filed under : General 37 Comments ] 
Story topics: Steve Jobs, Disney   Print ] [ Story Link ] 


Download Parallels 5.0 Today
RSS
RSS
RSS
Mac Poker players can play Full Tilt Poker for Mac and get 100% to $600 free with bonus code MP600, courtesy of Online Poker Mac
AppleInsider Features
Hot Forum Topics

Recent Articles
Smoking may void Applecare warranty due to "health hazard"
Inside Google's Android and Apple's iPhone OS as software markets
Apple's App Store approval process gets partially automated
TomTom to release iPod touch-specific GPS car kit
China Unicom expects 10% of 3G users on iPhone in 3 years
Steve Jobs e-mails terse response to upset Apple developer
Hack re-enables Atom processor compatibility for Mac OS X 10.6.2
Microsoft shareholders grill CEO about Apple, iPhone
Google outlines Chrome OS plans for netbooks
Sony announces iTunes competitor for music, movies, books
Apple investigates space-age fitness tracking technology
Web search statistics show Bing stagnant, Google growing
New apps said to make iPod touch more prominent in Apple stores
Piper: Apple tablet no more than $700, launch timing irrelevant
Major publisher preps for Apple tablet as delay, OLED rumors surface
AT&T faces setback in legal battle over Verizon ads [u]
TomTom app updated to support iPod touch, first-gen iPhone
Oct. estimates suggest Apple will sell 2.9M Macs this quarter
Microsoft retail store gets odd viral marketing buzz
Rumored 'Google Phone' said to be coming in 2010
Evidence suggests Apple at work on Mac OS X 10.7
iPhone approved in South Korea; China Mobile talks continue
AT&T upgrades network as wireless traffic quadruples over past year
Apple store in upscale Greenwich, Conn., to open Saturday
Needham downgrades Apple stock on technicality
Verizon rumored to embrace Palm in 2010 to combat iPhone
Apple's iPhone App Store takes off in China
Belgian heist lands thousands of stolen Apple iPhones
Verizon responds to AT&T in court: 'The truth hurts'
Apple said to release iPhone app for in-store appointments
OnLive cloud gaming service demonstrated on Apple's iPhone
Apple tablet speculation: high-end graphics, several models
Microsoft looks to combat Apple globally with Zune content
Apple met with AdMob weeks before acquisition by Google
Apple earns key legal victory against Psystar
Apple looks to hire AAA game developer for in-house iPhone team
Apple's next-gen iPhone power amp; NASA chemical sensor app
Bill Gates praises Steve Jobs for saving Apple
AT&T responds to 'false and misleading' Verizon ads
Apple unveils browser-based iTunes Preview

AppleInsider Market Place

Sell your Laptop - working or not. Free shipping.: Get an instant online quote and sell your laptop today !

Believe in Office: Save Up To 25% on Office 2004 For Mac. Visit Our Site for Details!

IBackup - SMB Online Backup: IBackup is the preferred online storage and backup service of choice for SMBs for its ease of use, security and value. Offers automated backup and restore, file selection and securiy.

Download free software - everyday updated freeware files

 
Advertisements








AppleInsider RSS Feed
AppleInsider © 1997-2008
Please review our Privacy Policy.
Written/Edited/Compiled by the AppleInsider Staff.