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AAPL Stock: 562.29 ( -3.03 )

York's death exposes rift over Steve Jobs' health

updated 09:50 am EDT, Thu March 25, 2010

Board member considered resigning


Jerry York -- the recently deceased member of Apple's board of directors -- was a strong opponent of the handling of Steve Jobs' health, according to the Wall Street Journal. Jobs took a six-month leave of absence beginning in January of last year, initially citing a "hormonal imbalance" as the cause. The situation was far more dire than the company admittedly publicly however, and Jobs himself eventually confessed that he might have died if it had not been for a liver transplant that was at first kept quiet.

York almost resigned when he learned about the seriousness of Jobs' health, the Journal notes. The director argued in an interview that Jobs should have publicly disclosed his health three weeks earlier, at the same time as he was announcing his decision not to appear at the last Apple-attended Macworld. York explained that he was "disgusted" with the deception about Jobs' health, and that the only reason he didn't resign was the furor that would have erupted if he'd had to disclose his reasons for leaving. "Frankly, I wish I had resigned then," York commented.

The director's death has also left an unusual gap in the Apple board, as he was in charge of the audit committee, otherwise staffed only by William Campbell and Arthur Levinson. Apple rules dictate that the committee should have at least three members, which means that another member of the board will have to step up, or a new person will have to be hired. The latter is considered more likely by experts on corporate boards, as the Apple board is already extremely small, and none of the people left have any specialist financial skills.




by MacNN Staff

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Comments

  1. pairof9s

    Fresh-Faced Recruit

    Joined: Jan 2008

    +5

    At this point....

    I'd say any executive would have to look at being on Apple's board as a prestigious position. Their financial and strategic success over the decade cannot be denied, and a well-seasoned candidate would greatly appreciate the challenge of trying to continue that growth.

    /

  1. sgirard

    Fresh-Faced Recruit

    Joined: Aug 2005

    +1

    Steve lived.

    Thank you God.

  1. appleuzr

    Fresh-Faced Recruit

    Joined: Aug 2006

    +1

    comment title

    I didn't know deceased people released statements following their death? Interesting.

  1. testudo

    Fresh-Faced Recruit

    Joined: Aug 2001

    +1

    Re: At this point

    I would think anyone would think that such a position isn't prestigious, but a gigantic cash cow.

    And it helps that they don't have to worry about continuing that growth, since Steve does all the hard work (or do you really think Bill Campbell has really given a strong direction to this company during his time on the board? The guy barely knows what a Mac is.)

  1. testudo

    Fresh-Faced Recruit

    Joined: Aug 2001

    +2

    conspiracy

    Hmmmm..... Rift. Threats. And then, all of a sudden, he passes away.

    Seems like Steve's men got to him.....

  1. dimmer

    Mac Enthusiast

    Joined: Feb 2006

    +1

    Well

    Apple's board does need some folks with a little backbone. It sounds like York had a little (but would causing more of a Jobs health status crisis help anyone? Except those shorting the stock of course.)

    The most important part of this, I think, is that a lot of people think that Apple without Steve is a disaster. We know that isn't the case. It's hard to see, however, that releasing full details of Steve's health would have helped anyone. Care to name any other CEO who is supposed to provide their health status? Except maybe that guy at Oracle who had to let us know it was a shaving rash, not herpes...

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