Steve Jobs is on an indefinite medical leave, his third in recent years. Shareholders in Apple Inc. are already beginning to fear the absence of Apple’s most charismatic public face. One of the shareholders in Apple – Central Laborers’ Pension Fund has put forth a proposal asking Apple to disclose plans about Steve Jobs’ successor. As per the proposal Apple is to put forth an executable succession plan. A vote on the same is likely to be held on the 23rd of February when Apple’s shareholders are going to meet again.
Though there has been no comment yet from Apple’s front, Apple has asked its shareholders in the previous month not to endorse such a proposal. Apple is actually apprehensive about making their succession plans public, as they believe that it would weaken their ability to manage executive talent.