Despite Health Concerns, Disney Re-Elects Steve Jobs to Board

At annual shareholders meeting, Apple chief, 12 others re-elected

Last Updated: March 23, 2011 @ 1:19 PM

Disney shareholders re-elected Apple chief Steve Jobs and 12 other nominees to the company's board of directors on Wednesday, dismissing concerns by a group of proxy advisors about Jobs' health.

Approximately 74 percent of shareholders gathered at Disney's annual meeting in Salt Lake City, Utah, voted in favor of the board's re-election, according to Bloomberg.

Jobs, who was not present, owns 7.3 percent of Disney's stock and is the company's largest individual shareholder.

A pair of advisory groups — Glass Lewis & Co. and Institutional Shareholder Services — have raised questions about Jobs ability to serve as a director. He's currently on medical leave from Apple.


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