Steve Jobs re-elected to Disney board

Steve Jobs will remain on the board at Disney.

Investors voted Wednesday to re-elect the CEO of Apple (and one-time owner of Pixar), despite proxy advisors who lobbied against the action, citing continuing concerns about Jobs' overall health.

Bloomberg reports 74 percent of the investors voted to keep Jobs on the board, a not completely surprising move, since he is the company's largest individual shareholder with a 7 percent ownership stake in the Mouse house.

Two shareholder groups and the AFL-CIO raised questions about Jobs' re-election bid, citing his regular absence from board meetings. One group noted his “recent leave of absence from his primary employer, raises questions about his ability to fulfill his responsibilities as a director.”

Jobs has been on medical leave from Apple since Jan 17 – the third time he has taken such a leave in seven years. However, he has been seen regularly on the Apple campus and led the public unveiling of the iPad 2 earlier this month, surprising some attendees.