Jobs Expected to Remain on Disney Board

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Although stepping down as CEO of Apple, Steve Jobs will continue as a controversial member of Disney’s board, reports say. Jobs is Disney’s largest shareholder, owning 7.4 percent of the company. Wednesday, Jobs announced he would also stay on as chairman of Apple, the tech giant he co-founded.

Disney cited Jobs health issues as reasons why the former Apple CEO could not attend 75 percent of board meetings – the only member to do so. Earlier this year, several labor unions opposed Jobs’ reelection to the board as one shareholder advisory firm questioned his “ability to fulfill his responsibilities as a director of the company.”

Jobs, who owns 138 million Disney shares after the media company acquired Pixar Animation for $7 billion in 2006, was reelected to the board despite concerns about his health and attendance record. News that Jobs would step down as Apple CEO sent Disney share up 40 cents after losing 13 percent earlier in 2011.

  • Hans Uy Maristela

    You label him “controversial” because the always “value-adding” labor unions opposed his reelection given his attendance record? Isn’t it enough that Pixar is a consistent moneymaker for Disney, which helps secure the jobs of these whiners? 

  • DREGstudios

    Jobs
    is done but left his mark on every corner of wireless technology. It only leaves
    us asking who won the war between the two titans of modern computer technology?
    Steve Jobs vs. Bill Gates / Apple vs. Microsoft– check out my rendering of an
    epic match-up of their cyborg selves on my artist’s blog at
    http://dregstudiosart.blogspot

  • JonahBaker

    ? got an iPad 2-(32GB)  for $ 23.87 and my girlfriend loves her Panasonic Lumi x GF 1 Camera that we got for $ 38.76 there arriving tomorrow by UPS. I will never pay such expensive retail prices in stores again. Especially when I also sold a 40 inch LED TV to my boss for $ 657 which only cost me $ 62.81 to buy. Here is the website we use to get it all from, http://to.ly/b0Gt