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Steve Jobs to forego annual shareholders' meeting

updated 03:15 pm EST, Mon February 23, 2009

Jobs to skip ASM

Steve Jobs will not be appearing at Apple's annual shareholders' meeting this year, Bloomberg reports. The meeting is scheduled for February 25th, only a day after Jobs' 54 birthday, and will mark the first time the CEO has not attended an Apple ASM since his return to the company in 1996. No audio or video will be broadcast, according to Apple spokesman Steve Dowling, and it is also said that no transcript will be available, in keeping with recent years.

Journalists will be allowed to watch a video feed from a separate room however, and Dowling acknowledges that the reason for Jobs' absence is his formal medical leave, which is set to stretch through June. The absence may be particularly ill-timed, as shareholders are set to vote on whether to re-elect the current board. Jobs will also be unable to defend the company against anticipated accusations, suggesting it has deliberately withheld information on his condition.

"The company has a responsibility to let public shareholders know that the organizational structure will be sound if Steve Jobs has to leave for any reason," says Ryan Jacob, the head of the Jacob Internet Fund, which holds Apple stock as its third-largest holding. Information on Jobs' condition and the potential impact has been "poor at best," claims Jacob.

Concern about Jobs' health is such that an SEC investigation has been launched, expected to cope with the timeframe between Jobs' confession of a "hormonal imbalance" and the announcement of the six-month leave, made only nine days later. Something unusual must have been discovered to justify a second announcement, observers have noted.




by MacNN Staff

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Comments

  1. Bobfozz

    Joined: Dec 1969

    +9

    worrywarts

    the company is making plenty of money... what do they want to do, bring in some people who have no connection with reality? Apple is the difference between standard PCs and the REAL world.
    To me MacNN is trying to drum op "news."

  1. testudo

    Joined: Dec 1969

    +8

    Shocked!

    And to think that most people would've assumed that when he said "I'm basically taking a six-month leave of absence".

  1. testudo

    Joined: Dec 1969

    -8

    voting

    Oh, like somehow this is going to affect board voting. Please... If we couldn't get Bill Campbell kicked off the board any of the last 72 years, Jobs not being there isn't going to change anything (unless, of course, he's the mastermind behind fixing the votes).

  1. Guest

    Joined: Dec 1969

    +11

    Be well Mr. Jobs

    I hope he recovers soon from being ill.

    Comment buried. Show
  1. Guest

    Joined: Dec 1969

    -27

    Guilty as SIN

    Apple has deceived the shareholders and general public about Job's condition. Whatever fines the SEC decides to dish out won't be nearly enough punishment for them.

    Ona lighter note, with Jobs gone we've got a better chance of seeing a Mac Mini and Mac Pro refresh, since its clear that Jobs hates them and only cares about the iPhone

  1. GORDYmac

    Joined: Dec 1969

    +5

    Excuse me?

    Why is this news? Do you guys even know what 'leave of absence' means? Talk about FUD.

  1. nat

    Joined: Dec 1969

    +6

    uh

    "Apple has deceived the shareholders and general public about Job's condition."

    you my friend are guilty as sin. you present this as a "fact" when it's nothing but your opinion. which, by the way, means absolutely nothing.

  1. Guest

    Joined: Dec 1969

    0

    Oh please

    If the shareholders don't like the way Jobs or the board runs Apple, sell the stock. Owning Apple shares is not compulsory.

  1. elroth

    Joined: Dec 1969

    0

    re: guilty as sin

    Aren't you glad you can post such moronic comments anonymously on the internet? What did you do before there was an internet? Oh, you're probably 14 years old, so there was nothing before the internet for you.

  1. Constable Odo

    Joined: Dec 1969

    +1

    It's not easy...

    to get up from one's deathbed to attend a shareholders meeting. I'm sure the media will have a field day with this one. I've already seen some of the rumors questioning his health again. Before the shareholder's meeting announcement, Steve Jobs health hasn't been an issue for the news media for a few weeks.

    Obviously, the media doesn't know the meaning of taking a leave of absence. Since he hasn't been to his workplace, I guess they figured he might have the strength to make it to the shareholders' meeting just to show how fit he is.

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