Apple Opposes Proposal on CEO Succession Planning

A few noteworthy nuggets from Apple’s 2011 Proxy Statement, filed today with the U.S. Securities and Exchange Commission. The most interesting, a strongly worded rebuttal to a shareholder proposal calling on the company to adopt a written CEO-succession-planning policy.

Go Clear Out Your Desk, Bob…And Don’t Forget the Kilt

Bob Moffat, the high-ranking, kilt-wearing IBM executive arrested in the Galleon insider-trading case, has traded his temporary leave of absence for a permanent one. According to a brief message posted to IBM’s internal Web site, Moffat, head of IBM’s Systems and Technology Group, has left the company in the wake of the Galleon affair.
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Live from Apple's "Let's Rock" Event: iTunes 9, iTunes LP

Speaking at Apple’s music event, CEO Steve Jobs, in his first public appearance since his medical leave of absence, introduces iTunes 9. After noting that iTunes is the largest music store in the world, boasting some 100 million accounts, Jobs rattles off some of the software’s new features. Among them: Genius Mixes and improved synching. The latter enables more specific synching and supports a new way of managing applications for the iPhone and iPod touch with a nice drag-and-drop feature. Very easy to organize and reorganize applications. The crowd really likes this one.
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Live from Apple’s “Let’s Rock” Event: iTunes 9, iTunes LP

Speaking at Apple’s music event, CEO Steve Jobs, in his first public appearance since his medical leave of absence, introduces iTunes 9. After noting that iTunes is the largest music store in the world, boasting some 100 million accounts, Jobs rattles off some of the software’s new features. Among them: Genius Mixes and improved synching. The latter enables more specific synching and supports a new way of managing applications for the iPhone and iPod touch with a nice drag-and-drop feature. Very easy to organize and reorganize applications. The crowd really likes this one.
itunes9

SEC Won't Let Steve Be

What happened between Apple’s January 5 disclosure of Steve Jobs’s “hormonal imbalance” and the company’s January 14 announcement that the CEO would be taking a six-month leave of absence? That’s the focus of an ongoing Securities and Exchange Commission probe into Steve Jobs’s health, an investigation that seems to, well, be going nowhere.
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SEC Won’t Let Steve Be

What happened between Apple’s January 5 disclosure of Steve Jobs’s “hormonal imbalance” and the company’s January 14 announcement that the CEO would be taking a six-month leave of absence? That’s the focus of an ongoing Securities and Exchange Commission probe into Steve Jobs’s health, an investigation that seems to, well, be going nowhere.
stevewtf

Guess This Makes Him a Dis-Appointee

Obama appointee Vivek Kundra’s new job as chief information officer has gotten off to an inauspicious start. After just a week on the job, Kundra is taking a leave of absence following an FBI raid on the District office he previously led. Yusuf Acar, a D.C. government official who previously worked for Kundra, was arrested on bribery charges this week.
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O Ye Apple Investors of Little Faith

Well, Motorola Picked a Great Time to Announce More Layoffs…

Talk about fortuitous timing. With the newswires full of stories about Apple and all attention focused on CEO Steve Jobs, his health and his medical leave of absence, Motorola announced it’s laying off 4,000 workers in 2009, with 3,000 of them in the company’s flagship mobile phone division.

AAPL Sauce

As one might imagine, Apple’s shareholders did not take the news of Steve Jobs’s medical leave of absence well. And learning that his “health-related issues are more complex” than first believed certainly didn’t help matters. After trading resumed, Apple shares tanked, plummeting eight percent to $78.50 (and knocking about $6.4 billion off the company’s market cap) before recovering a bit.