Apple Directors Reportedly Talk CEO Succession
CUPERTINO, California (TheStreet) -- Some of Apple's (AAPL) directors have discussed CEO succession with executive recruiters and at least one head of a high-profile technology company since CEO Steve Jobs went on medical leave this winter, The Wall Street Journal reported.
People familiar with the matter told the Journal the discussions weren't explicitly aimed at recruiting a new chief executive and were more an exploration of the company's options.
The directors don't appear to have been acting on behalf of the full board, some of the people told the newspaper. Apple has seven directors, including Jobs.
It's unclear if Jobs was aware of the discussions. Responding to questions from the Journal about the discussions, Jobs said Monday in an email: "I think it's hogwash."
Jobs, who went on his second medical leave in two years in January for an undisclosed ailment, didn't take part in the conference call to discuss Apple's fiscal third-quarter earnings which came in at $7.79 a share versus an average analysts' view of $5.83 a share. Revenue rose more than 80% from a year earlier to $28.57 billion. -- Written by Joseph Woelfel>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.
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