Despite Health Concerns, Apple’s Steve Jobs Is Re-Elected to Disney Board

Mar 24, 2011  •  Post A Comment

Despite concerns from proxy advisers who raised questions about Steve Jobs’ ability to serve on a board given his health issues, the Apple chief executive was re-elected to the Walt Disney Co. board on Wednesday, reports Bloomberg.

Jobs was reappointed to the board along with 12 other nominees at the media company’s shareholder meeting in Salt Lake City, the story says. Jobs, who owns 7.3% of Disney, was absent from the meeting.

The article adds that advisory group Glass Lewis & Co. recommended shareholders withhold their votes for Jobs and cited his absence at board meetings. Nevertheless, the board slate was voted in with 74% of votes backing the group.

Jobs has been on medical leave from Apple since Jan. 17, marking his third such leave in the past seven years.

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