Apple Inc CEO Steve Jobs displays a redesigned iPod Nano at Apple's "Let's Rock" media event in San Francisco, California, in this September 9, 2008 file photo. (Xinhua/Reuters Photo)
BEIJING, Jan. 20 (Xinhuanet) -- Steve Jobs, former
Apple's CEO, announced he will be standing for reelection to the board of
directors of Walt Disney despite his leave from Apple due to illness, media
reported on Tuesday.
Jobs has been a member of Disney's board ever since
the company purchased Pixar back in the spring of 2006.
At the time, Jobs' 50.6 percent controlling stake in
Pixar netted him more than 4 billion U.S. dollars in Disney shares, making him
the company's largest shareholder.
However, Jobs' decision is drawing some concern from
corporate governance experts, according to media reports.
"If he has said he can't run Apple, how on earth can
he (serve on Disney's Board)?" said Charles Elson, professor of corporate
governance at the University of Delaware.
Jobs refused to comment further on his health and
pleaded for some privacy in a phone interview.
"Why don't you guys leave me alone -- why is this
important?," he said.
Disney has been one of Apple's stalwart allies in its
efforts to push video content into the digital age. Disney has sold millions of
movies and tens of millions of TV shows through iTunes since their cooperation.
Disney declined to comment on Jobs' decision to seek
another term as a board member according to reports.