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Apple beats off succession query

Apple beats off succession query

Apple has beaten off efforts to reveal succession plans for the time when Steve Jobs is no longer in charge of the company.

The proposal was made by the Central Laborers Fund during the company’s annual shareholder meeting.

Steve Jobs, who is on his third medical leave of absence, did not attend the event at Apple’s headquarters in California.

Apple, a notoriously secretive company, fought the proposal from the outset.

A preliminary proxy count on the controversial measure suggested the fund proposal had been defeated.

It was a move that disappointed Jennifer O’Dell who made the proposal on behalf of the fund which represents 500,000 construction workers across the US and Canada.

Read More/Source: BBC News

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