Steve Jobs seeks Disney board seat despite illness
www.chinaview.cn 2009-01-20 10:30:23   Print

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.

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)
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    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.

    (Agencies)

Editor: Sun Yunlong
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