Apple is opposing a shareholder measure asking for the company to adopt a CEO succession plan, text in the company's 2011 proxy statement reveals. "The Company recognizes that a highly talented and experienced management team, not just the CEO, is critical to Appleís success," part of the SEC filing reads. "Accordingly, the Board already implements many of the proposed actions and maintains a comprehensive succession plan throughout the organization. While the Board strongly supports the concept of succession planning, it recommends a vote against."
