Steve Jobs Re-elected to Disney Board

Steve Jobs Re-Elected To Board Of Disney – Despite Opposition.

Posted in News on 23/03/2011 by Cormac Moylan

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Steve Jobs Re-elected to Disney Board
Steve Jobs was today re-elected to the board of Walt Disney Co. All 12 previous board members will be keeping their seats for the foreseeable future after collectively receiving 74% of the vote.

Jobs position on the board was opposed by the AFL-CIO labor union. The organization voted against Jobs but it wasn’t enough to remove Jobs from the board.

Concerns were raised about Jobs’ lack of attendance at previous board meetings and his recent health issues. These doubts rallied concerns about whether or not he would provide value to Disney.

Steve Jobs is a majority shareholder of Walt Disney Co. ever since their purchase of Pixar in a $7.4 billion all-stock deal in 2008.

(Via Apple Insider)

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Cormac Moylan

Cormac is the head honcho behind MacTrast. Based in Cork, Ireland, his first foray into the Apple world was way back in 2006 when he purchased an iMac followed by a Macbook around 4 weeks later. He currently owns a Macbook Pro, iMac, Mac Mini, iPhone 4, iPod Touch, Apple TV, and has more than 30 pairs of shoes. He is also the Head of Digital at VisiTravel - a company that lists hotels in Ireland on their GoIreland site and offer cheap car hire through NovaCarHire.