Steve Jobs Is Re-Elected to Disney’s Board Despite Opposition
Disney shareholders have re-elected Steve Jobs to the company’s board of directors, despite opposition from the AFL-CIO, the labor union federation.
As previously reported, the AFL-CIO opposed Jobs’s re-election because of his poor health and his job as CEO of Apple. The union argued that Jobs already had his hands full and advised shareholders not ro re-elect him.
Nonetheless, Jobs was re-elected on Wednesday at Disney’s annual shareholder meeting in Utah, according to Bloomberg.
With 7% of Disney’s stock, Jobs is the largest individual shareholder in the company. He has been a director at Disney since 2006, when Disney bought his other company, Pixar, for $7.4 billion.