Sign in with
Sign up | Sign in

Steve Jobs to Skip Apple Shareholder Meeting

By - Source: Tom's Hardware US | B 18 comments

Following all the hoopla there was about Jobs not attending Macworld, we’re sure the shareholders and pundits will have a field day with this piece of news. The Apple CEO is not expected the company’s annual shareholder meeting scheduled for this week.

Bloomberg reports that Jobs’ absence from the meeting (which will mark the first time in nearly a decade that he hasn’t been at a shareholder meeting) is likely to highlight the importance of having a succession plan in place for the CEO. That said, we think it’s way more likely Apple is trying to prove to the shareholders that “life goes on” despite the fact that Jobs is taking a break for a while.

When Jobs announced he would not be at Macworld 2009 in January, a lot of people clung to the hope that there might be a surprise keynote from the CEO. Once Macworld ended (Jobsless, of course), focus shifted to the fuss over a possible SEC probe regarding the press releases about Steve Jobs health and whether or not Apple purposely kept Steve’s health under wraps in order to control share prices.

The CEO reported a healthy blood pressure during last October’s MacBook event. Then on January 5, Steve posted a letter on the Apple website stating that he had a hormonal imbalance that was affecting his health, but it was a minor problem that would be easily remedied. Just nine days later on January 14, a new letter from the Apple CEO revealed that his health issues were far more serious than anticipated and that he would have to take a temporary leave (six months) from the company.

While companies are not required to report to the SEC (or anyone, for that matter) on the health of its employees, as those are private matters, the affect of rumors on Apple’s stock price was enough to raise suspicion as to whether or not the company somehow benefited from the obvious jumps and dips.

We maintain that Steve's absence is more a case of Apple saying they can play house while Daddy is away in order to put shareholders' minds at ease and are hopeful that Jobs will return in June (six months after he announced his temporary leave) for the launch of the new iPhone.

Discuss
Display all 18 comments.
This thread is closed for comments
  • 0 Hide
    jsloan , February 24, 2009 5:46 PM
    shocker! people should go to wikileaks.org and see steve jobs medical test results. i'm not sure why media has not dropped the hammer on this guy. he's a public figure, ceo, he should get out or come clean.
  • 0 Hide
    danimal_the_animal , February 24, 2009 6:22 PM
    funny how he pulls this move just after PC sales pulled ahead 13 percent last quarter and apple lost 11%

    convenient huh!
  • 0 Hide
    jsloan , February 24, 2009 6:36 PM
    i don't think it has to do with the numbers. i've posted as much as i dare... i just think he should come clean or step aside. i thought did that, but he's still in the mix. personally i hope he gets better or at least well enough to live a normal happy life. we all in the computer industry owe him and apple for decades of innovations. i love all my toys.
  • -1 Hide
    squatchman , February 24, 2009 6:59 PM
    SELL SELL SELL SELL IT ALL!
  • 0 Hide
    danimal_the_animal , February 24, 2009 7:18 PM
    YEAH!!!

    lets have a stock selloff and HURT apple.

    That would be AWSOME!
  • -1 Hide
    jsloan , February 24, 2009 7:19 PM
    squatchmanSELL SELL SELL SELL IT ALL!


    apple is kind of expensive, when compared to others. they ride a froth wave of hype, if it pops i say SELL SELL SELL SELL IT ALL!
  • -1 Hide
    JohnnyMash , February 24, 2009 7:28 PM
    Kim Jong II, Fidel Castro and Steve Jobs walk into a bar...
  • -3 Hide
    danimal_the_animal , February 24, 2009 7:34 PM
    you forgot hitler and the pope......
  • 1 Hide
    danimal_the_animal , February 24, 2009 7:34 PM
    of course apple is expensive....they rip people off every day!

    they make 30% or more profit from everything they sell.

    if they were competitive in price...EVERYONE would be buying them...including me.
  • 1 Hide
    SneakySnake , February 24, 2009 7:40 PM
    I kinda hope he retires. He ultra anti gaming. Sees no need for crossfire or SLI in OS X (not even the benefits in professional apps). As a mac owner its kinda a win lose situation with his health
  • -1 Hide
    Anonymous , February 24, 2009 9:07 PM
    Mac makes the ultimate conformist PC/OS for that hardcore conformist that conforms more than a normal conformist, and doesn't mind paying a hefty premium to ensure that they conform, even at the cost of functionality and performance.

    True counter-culture PC = AMD Dragon platform running Linux(of course the distro and case can be as unique as the owner).
  • -2 Hide
    danimal_the_animal , February 24, 2009 10:00 PM
    oh he has health problems?

    Cool! maybe he will die and we will get someone more innovative.
  • 0 Hide
    jsloan , February 24, 2009 10:11 PM
    danimal_the_animaloh he has health problems?Cool! maybe he will die and we will get someone more innovative.


    why so harsh.

    i don't think it's good to wish someone ill.

    jobs with all his faults has given us decades of great products.

    they have employeed a lot of people, many have done very well for themselves.

    i wish him well.
  • 1 Hide
    Tekkamanraiden , February 24, 2009 11:01 PM
    So they won't be able to tell him in person they make a lot of money and plan of making a lot more next year. Think he already knows.
  • -2 Hide
    danimal_the_animal , February 25, 2009 12:55 AM
    look

    apple is up against a wall.

    1. the palm pre
    2. low sales lost to PC sales.

    stockholders WANT ANSWERS!!!!!!!

    what kind of person avoids a meeting like this.

    steve is just trying to stay long enough to get some sort of retirement and this just makes him look SUPER DESPERATE!
  • -3 Hide
    danimal_the_animal , February 25, 2009 12:56 AM
    ohh and also netbooks.

    i wasnt a believer until i bought my 9 year old one....they are REALLY GREAT! especially if they make a dual core version with the ion chipset for 299.99!!!!!!

    KILLER!
  • 1 Hide
    bunz_of_steel , February 25, 2009 12:52 PM
    Who the F**** gives a rats AZZ if steve jobs attends ANY MEETINGS!!?? WTF OVER!!!! Nothing personal here MAC guyz/galz but I just don't see the point of usless articles like this. I have more interests in I.T. stuff than hearing about how some precious multi-millionare has health issues. And the I.T world (THG in this case)shudders and gathers forgetting the rest of us poor SOB that are just trying to fend for our weekly $10 an hour job. So excuse me when I say Kiss my Black @ss all u mutha F*s out there!! Isn't there a printer or some device that deserves review instead? No insult intended but is this an I.T site or national inquirer
  • 0 Hide
    hustler539 , February 26, 2009 9:40 AM
    Why is this news!?