Steve Jobs To Remain On Walt Disney Board

Posted Aug 30, 2011

Although Apple Inc. (NASDAQ:AAPL) Chairman Steve Jobs recently stepped down from the CEO position, he will remain on the board of directors at The Walt Disney Company (NYSE:DIS). According to a source with Bloomberg, Jobs’ position at Disney would be unaffected by changes at Apple.

Steve Jobs is currently the largest shareholder in Disney. He has a 7.4% stake at Disney. He joined the Disney board of directors after the media company acquired Pixar Animation Studios for $7.4 billion in May 2006. Jobs acquired Pixar from George Lucas in 1986 for $10 million. Jobs is not paid to be on the board of directors on Disney.