Wednesday, January 19, 2011

Steve Jobs expected to stay On Disney Board despite his medical leave from Apple

Apple CEO Steve Jobs has announced a new period of medical leave from Apple. Steve will stay Apple CEO and the big Apple fan that i am of course wish him a fast recovery. I don't have to remind you, Disney fans, that Steve Jobs is also Disney's biggest private share holder and a member of the board. There is little doubt that Steve Jobs have some influence on Disney's strategy and anything happening to Steve might have an effect on Disney - that's why you find this news here, coming from

"Steve Jobs is expected to remain on the board of the Walt Disney Co. (DIS) despite the health issues that prompted him to take a medical leave as chief executive of Apple Inc. (AAPL), according to a person familiar with the matter.

Jobs, who is also retaining his board seat at Apple, became by far the largest shareholder in Disney when the media giant acquired Pixar Animation Studios in 2006. As a result of that deal, he owns about 7% of Disney and is a director at the company.

Jobs's role at one of the world's largest media and entertainment conglomerates has prompted speculation and intrigue as the rise of digital communications has provided an opening for Apple and other tech heavyweights to infiltrate businesses like music and television, challenging traditional media titans like Disney.

Some have attributed Disney's early willingness to embrace certain digital distribution platforms to the influence of Jobs.

Jobs's latest departure from Apple due to health issues marks the third time in the past decade he has been forced to step back from his role at Apple. He took a leave in 2004 when he had surgery to remove a tumor in his pancreas and then again in the first half of 2009 for the liver transplant."

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