Apple shareholders vote to keep succession plans secret

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Apple shareholders vote to keep succession plans secret

Simon Quicke

Apple has managed to block attempts by some shareholders to force it to disclose a CEO succession plan after worries were raised that Steve Jobs might not return from his latest sick leave.

The Apple boss has been signed off sick for the third time since January and reports in some of the more sensational elements of the US press have indicated he might be too ill to ever return to work.

Those concerns prompted the Central Laborer's Pension Fund to lay down a vote at the shareholders meeting to force the vendor to disclose what would happen if Jobs did not return.

But Apple, which had advised shareholders not to support the measure, managed to get enough support to fend it off.

Shareholders did however vote for having a bigger influence in appointing board directors.

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