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Apple mum on post-Jobs plans

Apple Inc. shareholders rejected demands that the company disclose a succession plan for ailing CEO Steve Jobs but approved a proposal giving them a bigger say in the appointment of directors.

Apple Inc. shareholders rejected demands that the company disclose a succession plan for ailing CEO Steve Jobs but approved a proposal giving them a bigger say in the appointment of directors.

With co-founder and CEO Jobs sidelined indefinitely with an undisclosed medical condition, increasingly restive investors have demanded more information about the company’s future.

Shareholders voted down a proposal that the world’s most valuable technology company outline its plan for who will succeed Jobs. However, they passed a requirement that unopposed candidates for the company’s board receive a majority in order to be appointed.

 
 
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