Apple board of directors re-elected; shareholders told Jobs still involved in company decisions

Posted by Dennis Sellers Feb 25, 2009 at 11:32am

Apple’s current board of directors were re-elected today by investors at the company’s annual shareholders meeting. And investors were re-assured that CEO Steve Jobs, on medical leave, is still involved in the company’s decisions.

The eight board members approved to serve another year’s term include Bill Campbell (CEO of software maker Intuit), Millard “Mickey” Drexler (CEO of retailer J. Crew), Al Gore Jr. (chair of Alliance for Climate Protection, Generation Investment Management, and Current TV), Steve Jobs (Apple’s CEO), Andrea Jung (CEO of Avon), Arthur Levinson (CEO of Genentech), Eric Schmidt (CEO of Google), and Jerome York (CEO of Harwinton Capital).

Shareholders also voted down all four proposals drafted by groups of investors who retain enough shares in Apple to suggest changes to the way the company approves executive compensation, discloses information to its investors, and manages health care. You can read all about the four proposals here.

Regarding Jobs, who began a five-month medical leave of absence in January, Levinson told shareholders that “nothing has changed” and Jobs is still involved in company decisions. In fact, according to Reuters, sareholders at the meeting joined in a “Happy Birthday” chorus for Jobs, who turned 54 on Tuesday. Jobs was absent from the meeting.

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