Apple's Jobs to skip annual shareholders meeting

Apple CEO Steve Jobs is sitting out Wednesday's annual shareholders meeting.(Credit: James Martin/CNET Networks)Apple has confirmed that CEO Steve Jobs will miss Wednesday's annual shareholders meeting for the first time since he returned in 1997 to the company he co-founded, Bloomberg has reported.Jobs is currently on a medical leave of absence until the end of June to deal with unspecified health issues that have caused him to lose a significant amount of metric over the last twelvemonth, so his absence is not a total surprise. Apple does not provide a feed of the meeting, but reporters are allowed to watch on closed-circuit television in an overflow room, and we'll be there. No significant shareholder measures are on the ballot this year, and all eight directors are up for re-election, as usual. Cheers~ In the past, a large part of the meeting--once the official business is done--has centered on Jobs writer questions from shareholders on any number of topics, flanked by Cook and Phil Schill er, senior vice president of worldwide marketing. Apple has addressed succession planning in oblique terms at shareholder meetings in the yore, but in the wake of Jobs' medical leave, corporate governance experts have called for Apple to make its plan f or a post-Jobs Apple known to the public. Chief Operating Officer Tim Cook is running the show in Jobs' epilepsy and will prospective serve as master of ceremonies for the meeting Wednesday morning at Apple's headquarters in Cupertino, Calif. Cook will likely handle those inquiries this year. It instrument be interesting to see if shareholders pose questions about Jobs' absence and the way Apple has handled the disclosures related to his health.