Steve Jobs' Medical Leave And The Walt Disney Company

By now, everyone would have heard about Steve Jobs' announcement that he will be on an extended leave from the day-to-day running of Apple to deal with his medical issues. A related question from that decision is his role on board of the Walt Disney Co.

This article discusses what responsibility, if any, of the Walt Disney Company in reporting of Steve Jobs' health. It boils down to the fact that, unlike Apple, his duties are more in the advisory function and not in the daily running and decision making for the Disney Company.

Disney most likely holds no responsibility or close to no responsibility here for the "reporting of the health of Steve Jobs." Apple does, and Apple is already under fire for how it handled this issue or how it allowed Steve Jobs to handle this issue. Unfortunately, a star-CEO has a fiduciary duty to shareholders to disclose relevant information. That includes personal health matters as well. He is a director at Disney. He is involved, and he is the largest Disney shareholder. But he is not the CEO there.

I don't think this is an issue at all.

Zz.