There has been a lot of speculation regarding the health of Steve Jobs recently who is currently on medical leave, now the Apple board is under pressure to reveal its succession plan.
Adam Satariano is reporting in an article over at Bloomberg that investor groups want to know Apple’s plans for replacing Steve Jobs. They also want to know how the board is nurturing the executive team under him.
Jennifer O ’Dell who is assistant director of Laborers’ International Union of North America said “Shareholders deserve to know the company has a plan in place.”
Apple is fighting the measure, and feels revealing plans would help competitors and make harder to keep hold of executives. And this argument is expected to win through according to an analyst for Gleacher & Co — Brian Marshall -, who says as Apples stock is running at record highs the proposal is “highly unlikely”. At the moment Chief Operating Officer Tim Cook is looking after day-to-day running of the company.
Gabriel Madway over at Reuters is reporting that Tim Cook has built a solid reputation, and is credited for helping turn Apple round during the 90s, and make it what it is today. He’s achievements and his talented management skills of Apple’s Mac range, proves he is not just a supply chain expert. Business Insider has a poll running asking if Apple should be forced to reveal a succession plan, use the link to see it for yourself.
Meanwhile a video of Steve Jobs allegedly walking gingerly to his car after exiting a cafÃ© has surfaced. The video on International Business Times has Steve Jobs, walking unsteadily to the car before eventually getting in. Use the link to watch for yourself and tell us what you think.
*Identifying Monetised Links - outgoing links that we monetise are marked with an '*' symbol.