Ronald Sugar
Apple's most popular board member
February 25, 2011: 7:39 AM ETNo, it's not Steve Jobs or Bill Campbell or even Al Gore
OK, it wasn't the Oscars and Steve Jobs is not Colin Firth.
But there was a sort of Best Board Member vote at Apple's (AAPL) shareholder meeting this week, and the outcome was a surprise.
According to the SEC Form 8-K filed on Thursday, Steve Jobs was re-elected to the board of his own company with nearly 3.5 million fewer votes than Ronald D. Sugar.
Sugar, for those who don't know their aerospace industry executives, is the the former CEO of Northrop Grumman (NOC) who was selected in November to fill one of the seats on Apple's board left vacant by the death of Jerry York last March and the forced departure of Google's (GOOG) Eric Schmidt in 2009.
Who knows what was going on in the minds of the shareholders who produced the vote counts graphed below the fold -- or even if they have minds, since 70% of Apple's shares are held by institutions. But according to the Form 8-K, nearly 4.8 million shares were cast against re-upping Steve Jobs. The least popular board member, by this measure, is Avon (SVP) CEO Andrea Jung -- for the second year in a row.
The official tallies:
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Apple's new board member, Virginia's computer nightmare
The former CEO of Northrop Grumman comes to Cupertino with $2.4 billion albatross
Ronald D. Sugar, who was named to Apple's (AAPL) board of directors Wednesday, was chairman and CEO of Northrop Grumman (NOC) in 2005 when the Los Angeles-based aerospace giant beat out IBM (IBM) in a bid to rebuild the state of Virginia's computer infrastructure from top to bottom.
The contract -- now valued at $2.4 billion, the largest in MORE
Philip Elmer-DeWitt - Nov 18, 2010 9:32 AM ET -
An aerospace veteran joins Apple
Steve Jobs names Ronald Sugar, former Northrop Grumman CEO, to his board of directors
With the death of Jerry York in March and the forced departure of Google (GOOG) CEO Eric Schmidt in August 2009, Apple (AAPL) found itself with a couple empty seats in its board room.
On Wednesday it announced that it had reached into the aerospace industry to fill one of them.
Dr. Ronald D. Sugar, 61, the former chairman MORE
Philip Elmer-DeWitt - Nov 17, 2010 10:46 AM ET
