Things are looking a little dicey over at Apple. Founder and chief visionary Steve Jobs is reportedly not attending the company's shareholder meeting this week, apparently due to ill health. It's the first time he won't be in attendance since he took over running Apple a decade ago.
Jobs, a cancer survivor, took a medical leave last month that's expected through June. The Apple board hasn't spoken about Jobs' health since he took leave.
The state of Jobs' health means a lot to Apple investors. Today, Apple's stock fell $4.25, or 4.7 percent, to $86.95.
“In the investor’s mind, Steve Jobs is the linchpin to this company’s future and there are unanswered questions,” said Charles Elson, director of the University of Delaware’s John Weinberg Center for Corporate Governance. “His health is not an isolated issue. Unfortunately, it directly relates to investors’ confidence in this business and there has not been enough transparency from the board.”
The shareholder meeting is only open to shareholders. Video or audio will be broadcast isn't permissable and transcripts won't be released. But we'll let you know when and/if we hear any updates.
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