The Mac Observer

Reports That Steve Jobs Appeared at Disney Shareholder Meeting Corrected

TMO Talk (4)

Marketwatch reported Tuesday that Apple CEO Steve Jobs had made an appearance at Disney's annual shareholder meeting, which would have represented the first public appearance of Mr. Jobs since he went on a leave of absence from Apple for medical reasons. The media outlet subsequently corrected the story -- though Mr. Jobs was re-elected to Disney's board, he was not at the shareholder meeting.

ZDNet reported that one shareholder expressed concern over what would happen to Disney's stock should Mr. Jobs's 138 million shares of Disney hit the market at one time due as a result of his health issues. Disney President and CEO Bob Iger replied, "We have not thought at all about the contingency for whether Steve Jobs is not on our board. It's not something we worry about.'

For those keeping score at home, that makes two boards of directors of two companies where Mr. Jobs sits on said board(s) or is an executive that have said they are not worried about the effect of Mr. Jobs's health on their companies. While much has been made of Mr. Jobs's control over Apple, the same can not be said of Disney.

Mr. Jobs became a major shareholder in Disney in 2006 when that company purchased Pixar, the animation firm responsible for Toy Story, A Bug's Life, Finding Nemo, The Incredibles, and other animated hits. Under Bon Iger's leadership, Disney has had a close relationship to Apple, working with the company in bringing TV and film to iTunes for the first time.

Post A Comment or Log-in. Need an account? Register here.

4 Observer Comments

steve jobs…we need you….come back soon

I was in attendance at today’s Disney Annual Shareholder Meeting and, while Steve Jobs was indeed not there, it was noted the board met at Pixar Studios “up the road” the day before, Monday. Who knows who may have been there?

Next, in the Q&A period the hypothetical question was asked what would happen to Steve’s huge Disney shareholdings if something were to happen to him and had the Disney board considered that possibility and how to handle it. The verbal response from the chairman was that no, they had not considered it.

Armchair analysis here: the chairman’s and CEO Bob Iger’s body language didn’t seem to be uncomfortable at all with that verbal reply. As a shareholder in Apple and Disney, via Pixar, that Q&A exchange was comforting to me.

jkw

And off topic, Pixar film Walli uses the Mac chimes heard on booting whenever the little robot reboots. My kids love that

long live the mac and steve jobs…

www.mydigitaldream.com

Post A Comment or Log-in. Need an account? Register here.
 

Recent Headlines - Updated May 27th

Sat, 10:00 AM
MacOS KenDensed - MacOS KenDensed: Apple’s Patent Lawsuit & Antitrust Shuffle
Fri, 5:58 PM
News - Sotheby’s to Auction Steve Jobs Atari Memo (Photo Gallery)
5:42 PM
Free on iTunes - 3 Free iOS Apps for News Hounds
3:00 PM
Rumor - Nest Thermostat Reportedly Coming to Apple Retail Stores
2:40 PM
Particle Debris - The TV Industry’s Dreadful Little Secret
2:33 PM
News - Mobile Devices Account for 20% of Web Traffic in US, Canada
12:49 PM
News - Apple Now Offering “Free App of the Week” for iOS
12:21 PM
News - Tim Cook Declines $75 Million Dividend Payout
11:25 AM
News - Absinthe 2.0 Provides Untethered Jailbreak for iOS 5.1.1
11:09 AM
Quick Look Review - F18 Carrier Landing (iOS) is a Boatload of Fun
10:51 AM
TMO Appearances - Jeff Gamet talks Cool Apps & Accessories on Not Another Mac Podcast
10:12 AM
Hot Forum Topic - Forum Poll: Which is Your Favorite Photo Sharing Service?
 

The Mac Observer Reader Specials

  • Macsales for the Right Mac Memory. Easy to Use Online Guide for no Guesswork! Mac Pro up to 128GB, iMac up to 32GB. MacBook/MB Pro, & Mac mini up to 16GB. - Macsales.com
  • Mac RAM Upgrades: MacBook Pro 16GB kits $475, 8GB Kits for $119.99! iMac 16GB RAM Kits (4x 4GB) for $229.99! Mac Pro Memory 32GB Kit for $399.99, 64GB Kit for $889.99! Mac Hard Drives 2TB Seagate SATA II for $249.99! Click Here!
  • Macpokeronline.com If you're using a Mac, then you've gotta check out PokerOnAMac.com. Online casinos and poker rooms are literally giving away cash and the casino sites at Poker on a Mac do the unthinkable, they actually reward! Join today, the download is free!
  •  Looking to find online casinos for mac? We can help you find the best real money casino sites where you can play your favorite casino games including blackjack and slots.

Apple Stock Quote (AAPL)

Loading...

Hot Topics

TMO Express

Join the TMO Express Daily Newsletter to get the latest Mac headlines in your e-mail every weekday. Find out more!

Top Deals From DealBrothers.com

Recent Features

Support The Mac Observer

We noticed you may be running AdBlock on your computer. It takes real money to run this site and to deliver the news, tips, and opinions you love to read.

If you wish to block the ads that pay for the creation of our content, we ask that you instead support TMO Directly, either with a $5 monthly recurring contribution, or a one-time donation of any amount of your choice. Thanks!

Subscribe with Paypal Donate with Paypal