Macworld, on Apple’s annual shareholder meeting today:
With Jobs currently on medical leave until the end of June, the health of Apple’s CEO was very much on the minds of attendees at the shareholders’ meeting. In fact, it was the subject of the first thing asked when company executives opened the floor to shareholder questions. A shareholder asked whether Apple’s board of directors had kept investors in the dark about the status of Jobs’ health and inquired about a succession plan. Board member Arthur Levinson, who is also chairman and CEO of biotech firm Genentech, replied that the board disclaims information that it deems important and proper, and that it talks regularly about a succession plan.
Otherwise, the meeting served largely to have executives assure shareholders that the company was on the right track. Filling in for Jobs—and donning a Jobs-like pair of blue jeans and black (though collared, not turtleneck) shirt—chief operating officer Tim Cook cited strong Mac, iPod, and iPhone sales in the last year and hailed the App Store as “absolutely the envy of the industry.” He also reassured shareholders that he was “very confident of our product pipeline.”
Without Steve Jobs at the helm, Apple is still doing fine.