Apple shareholders reject proposal to reveal succession plan

Move to make post-Jobs Apple plan public defeated

Apple’s annual shareholder meeting, held yesterday, has seen a proposal by a shareholder group to force the company to reveal details about its succession plan defeated.

The group sought to force the company’s management to reveal plans which the company has acknowledged the existence of, but refused to reveal publicly.

A shareholder vote saw the proposal to reveal the plan defeated. Apple management has insisted that the succession plan needs to be kept secret, because Apple’s competitiveness could be damaged if it was publicised.

Steve Jobs, who is on medical leave from Apple, didn't attend the meeting.

More information can be found here.

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