Apple Shareholders Vote to Not Reveal Succession Plan for Steve Jobs

Tech giant’s investors shoot down proposal at annual meeting

Apple shareholders have rejected a proposal by an investor to reveal the company's succession plan for Steve Jobs, its chief executive currently on medical leave.

As expected, shareholders voted down the proposal at Apple's annual shareholders meeting in Cupertino, Calif., on Thursday. Apple had opposed revealing the succession plan, arguing it would give competitors an unnecessary peek at the company's strategy, and hurt its ability to attract talent.

Jobs, who was not present at the meeting, has been on medical leave since January.

All seven board members — including Jobs — were reelected at the meeting.

Earlier Wednesday, Apple sent out invites to a press event scheduled for March 2 in San Francisco, where it's expected the company — with or without Jobs — will unveil the next-generation iPad.