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Disney Investors Re-Elect Steve Jobs Despite Recommendation Not To

Disney Investors Re-Elect Steve Jobs Despite Recommendation Not To

Posted March 23, 2011 at 5:04pm by iClarified
Walt Disney investors have re-elected Apple CEO Steve Jobs to their board, rejecting a recommendation that they withhold support, according to a Bloomberg report.

Jobs and 12 other nominees were re-elected at the shareholder meeting today in Salt Lake City by 74 percent of the vote. Jobs is Disney's largest shareholder owning 7.3 percent of the company.

Bloomberg notes that the advisory group Glass Lewis & Co. recommended investors withhold support for Jobs, citing his absence from meetings. Institutional Shareholder Services, Inc., stopping short of urging rejection, said Jobs's attendance and "recent leave of absence from his primary employer, raises questions about his ability to fulfill his responsibilities as a director."


In an emailed statement Disney said, "The Walt Disney Company considers itself fortunate to have Steve Jobs as a member of its board of directors".

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Disney Investors Re-Elect Steve Jobs Despite Recommendation Not To
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