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Steve Jobs gets re-elected to Disney board

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Despite concerns over his health and poor attendance at company board meetings, the Walt Disney Co shareholders re-elected its entire board including Apple Inc CEO Steve Jobs. Due to his failed to attend 75 per cent of the board meetings in fiscal 2010, proxy advisory firm Glass Lewis & Co had recommended voting against Jobs' re-election. After purchasing Pixar Animation Studios in 2006 for $7.4 billion in stock, Jobs became Disney's largest shareholder. Jobs, who bankrolled Pixar when it was a fledgling movie house, now holds a 7.3% stake in Disney. After the vote, Disney that it “considers itself fortunate to have Steve Jobs as a member of its board of directors.” The annual shareholders meeting finished early Wednesday in Salt Lake City.

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