updated 03:45 pm EDT, Wed March 23, 2011
Health, absenteeism put aside
Investors have voted to re-elect Apple CEO Steve Jobs to the Disney board of directors, according to Bloomberg. An early count reportedly shows 74 percent of votes going to back Jobs and 12 other nominees. "The Walt Disney Company considers itself fortunate to have Steve Jobs as a member of its board of directors," reads an e-mail statement. Jobs did not attend the meeting, despite being the most powerful individual shareholder with 7.29 percent of Disney stock.
Poor attendance was a point of contention for those opposed to Jobs' re-election. Both Glass Lewis & Co. and the AFL-CIO have remarked that Jobs has been absent from a vast majority of Disney board meetings. Another group, Institutional Shareholder Services, was not opposed to having Jobs on the board but questioned "his ability to fulfill his responsibilities" as a Disney director.
Jobs is not likely to increase his participation at Disney anytime soon. His absenteeism has been blamed on his health, since he is currently on his third medical leave since 2004, when he was first treated for pancreatic cancer. What issues he may be coping with now have gone undisclosed.