Apple Board Directors Discuss CEO Succession With Executive Recruiters?

Posted July 19, 2011 at 8:37pm by iClarified | Please help us and submit a translation by clicking here | 4692 views

The WSJ is reporting that some Apple board members have discussed CEO succession plans with executive recruiters and at least one high profile CEO, following Steve Jobs' medical leave of absence.

The conversations weren't explicitly aimed at recruiting a new chief executive and were more of an informal exploration of the company's options, said these people. The directors don't appear to have been acting on behalf of the full board, some of these people said. Apple has seven directors, including Mr. Jobs. It is also unclear whether Mr. Jobs was aware.

When contacted on the matter, Jobs said in an email, "I think it's hogwash."

Another WSJ source says that Apple's independent directors take succession planning seriously and have discussed management succession in private sessions without Mr. Jobs held at every board meeting for the past 12 years.

"It's best practice,'' this person noted. "Everybody in the room is sworn to secrecy as to what it [the succession] plan is."

Read More


Share
Add Comment
Follow iClarified
Apple Has Yet to Approach NBCUniversal About a Web TV Service
As part of its efforts to get approval for th...
Meerkat Live Stream Video App Gets In-App Notifications, Better Stream Discovery, More
Tim Cook Deeply Disappointed in Indiana's New Law, Says 'Apple is Open for Everyone'
Vine Now Supports HD Video
Twitter has updated Vine to support 720p HD v...
Apple Announces Grand Openings of Apple Watch Shops in France, Japan, and the U.K.