Apple CEO Steve Jobs has retained his board seat at the Walt Disney Co. after a vote today during the company’s annual shareholder meeting in Salt Lake City, this despite questions from an advisory firm over his attendance record at board meetings. Jobs, Disney’s largest shareholder with more than 7% of the company’s stock, has been plagued with health problems the past several years (he currently is on medical leave from Apple). Glass Lewis & Co. said he has attended about three-quarters of the board meetings in 2010, raising concern that he couldn’t give satisfactory attention to the postion. Another advisory group, Institutional Shareholder Services, said Jobs’ spotty attendance “raises questions about his ability to fulfill his responsibilities as a director,” Bloomberg says, though it did vote to keep him on the board.
Steve Jobs Re-Elected To Disney Board At Shareholder Meeting
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