Apple shareholder meeting tomorrow will see new co-lead director
TweetFollow Us on Twitter

Apple shareholder meeting tomorrow will see new co-lead director

After facing criticism "that its board is too close-knit," Apple will hold its first shareholder meeting tomorrow with a new co-lead director: Avon Products CEO Andrea Jung, notes "Bloomberg" (http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AAPL%3AUS&sid=azX...).

Jung is the newest director and only woman serving on the seven-member board. She took over as co-lead in December and succeeds former Apple executive Bill Campbell, chairman of Intuit.

The handoff to Jung follows complaints by corporate- governance experts that Jobs had too much sway over a group of hand-picked directors, says "Bloomberg." That may have affected the limited disclosures about Jobs’s health last year, when he had a liver transplant, said Jeffrey Sonnenfeld, a dean at Yale University’s School of Management. Jung’s elevation to co-lead director gives a more independent voice to the board, he said.

“This is a really good move and I applaud them,” Sonnenfeld, who studies corporate-governance issues at the school in New Haven, Connecticut, told "Bloomberg." “I don’t know if this shows contrition, but they are moving forward.”

At Avon, Jung is responsible for developing and executing all of the company’s long-term growth strategies, launching new brand initiatives, developing earnings opportunities for women worldwide, and defining Avon as the premier direct seller of beauty products. She was elected president of global marketing in 1996, an executive vice president in 1997, president and a director of the company in 1998, chief operating officer from 1998 to 1999, chief executive officer in 1999 and chairman of the board in 2001. Previously, she was executive vice president of Neiman Marcus and a senior vice president for I. Magnin.

Jung is a magna cum laude graduate of Princeton University, is fluent in Mandarin and was the first woman elected chair of the Cosmetic, Toiletry, and Fragrance Association in March 2001, a role she held until early 2005. She also serves on the board of directors of the General Electric Company and is a member of the New York Presbyterian Hospital board of trustees and the Catalyst board of directors.

(Photo courtesy of "Fortune magazine": http://www.timeinc.net/fortune/conferences/womens05/program.html)

 
AAPL
$117.16
Apple Inc.
-1.74
GOOG
$534.52
Google Inc.
+23.86
MSFT
$40.40
Microsoft Corpora
-1.61
MacNews Search:
Community Search:
view counter

view counter
view counter
view counter
view counter
view counter
view counter

Playworld Superheroes Review
Playworld Superheroes Review By Tre Lawrence on January 30th, 2015 Our Rating: :: HERO CRAFTINGUniversal App - Designed for iPhone and iPad It’s all about the imagination, fighting bad creatures — and looking good while doing so.   | Read more »
Join the SpongeBob Bubble Party in this...
Join the SpongeBob Bubble Party in this New Match 3 Bubble Poppin’ Frenzy Posted by Jessica Fisher on January 30th, 2015 [ permalink ] | Read more »
Handpick Review
Handpick Review By Jennifer Allen on January 30th, 2015 Our Rating: :: TANTALIZING SUGGESTIONSiPhone App - Designed for the iPhone, compatible with the iPad Handpick will make you hungry, as well as inspire you to cook something new.   | Read more »
Storm the Halls of Echo Base in First St...
Storm the Halls of Echo Base in First Star Wars: Galactic Defense Event Posted by Jessica Fisher on January 30th, 2015 [ permalink ] Universal App - Designed for iPhone and iPad | Read more »
Contradiction Review
Contradiction Review By Tre Lawrence on January 30th, 2015 Our Rating: :: SPOT THE LIEiPad Only App - Designed for the iPad Contradiction is a live action point and click adventure that’s pretty engaging.   Developer: Tim Follin Price: $6.99 Version Reviewed: 3 Device Reviewed On: iPad Mini 2 | Read more »
Unlock Sunshine Girl in Ironkill with th...
Unlock Sunshine Girl in Ironkill with this special 148Apps code Posted by Rob Rich on January 29th, 2015 [ permalink ] Robo-fighter Ironkill has been out on iOS a | Read more »
Crossroad Zombies Review
Crossroad Zombies Review By Jordan Minor on January 29th, 2015 Our Rating: :: CROSSWALKING DEADiPad Only App - Designed for the iPad Crossroad Zombies is a rough draft of a cool genre mash-up.   | Read more »
Blood Brothers 2 – Tips, Cheats, and Str...
War is hell: Is it the kind of hell you want to check out? Read our Blood Brothers 2 review to find out! Blood Brothers 2, DeNA’s follow-up to the original Blood Brothers, is an intriguing card collecting / role-playing / strategy hybrid. There’s seemingly a lot to take in at first, but with 148Apps’ help, you’ll soon be able to effortlessly smack... | Read more »
Blood Brothers 2 Review
Blood Brothers 2 Review By Nadia Oxford on January 29th, 2015 Our Rating: :: AN AGGRAVATING RELATIVEUniversal App - Designed for iPhone and iPad Blood Brothers 2 is built on a simple, solid foundation, but its free-to-play system doesn’t play fair.   | Read more »
I AM BREAD, the Toast of the Town, is Ro...
Have you ever dreamt of being deliciously gluten-y? Do you feel passionate about Rye and Wheat? The guys at Bossa Studios do and that is why they are bringing I AM BREAD to iOS soon. The loafy app will feature all the new content that is being included in the Steam Early Access version. You’ll get the all new garage area and Cheese Hunt mode... | Read more »
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.