Apple, a notoriously secretive company, has managed to fend off an attempt overnight, to force the company to reveal their succession plans in the event of Steve Jobs dying.Steve Jobs, who is on his third medical leave of absence, did not attend the event at Apple’s headquarters in California.
A motion calling for Apple to reveal their plan was made by a union as a move that disappointed representing 500,000 construction workers from across the US and Canada.
“We want Steve Jobs to come back to work yesterday,” a union official told the meeting. “We want him to be here every day. We want him to live forever.
The Union holds nearly 11,500 Apple shares, worth around $4m.
“If the company doesn’t want to reach out to us and have a real discussion about this issue we will refile it again next year,” the official said.
Both HP and Intel have adopted succession plans the meeting heard.
In Mr Job’s absence, the company is being run by chief operating officer, Tim Cook.
During the hour long meeting, no shareholders asked questions about Mr Job’s health, although a number wished him well for the future.
Outside the firm’s headquarters, most of the opinion backed Apple’s decision to keep its cards about succession close to its chest.
“I feel making such a plan public is unnecessary,” said Pam Pallakoff, a shareholder for 20 years.
“We feel the management in place is very good management and they will make the right decisions at the time they need to.”