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Apple Shareholders Demand CEO Succession Plan

12:34 pm on Feb 4, 2011 (gmt 0)

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Apple Shareholders Demand CEO Succession Plan [businessinsider.com]

In the wake of Steve Jobs' latest medical leave, an Apple shareholder has demanded that the company establish a CEO succession plan.

This proposal has now been seconded by a major institutional advisory firm called ISS, the FT reports.

Apple opposes the proposal and says it already has a succession plan in place.

The proposal will likely be voted on by investors at Apple’s annual meeting on February 23.