∞ Steve Jobs' Disney board seat re-election opposed

Steve Jobs’ seat on Disney’s board is being challenged by an advisory firm who says he’s missed too many meetings.

[ad#Google Adsense 300×250 in story]Glass Lewis & Co. said in a report that Jobs has missed 75 percent of the meetings in 2010. The company is recommending that Jobs be replaced, according to the San Jose Business Journal.

“We believe that in light of Mr. Jobs’ continued medical problems, shareholders would be better served by a director able to make the necessary commitment to the company,” the report read. “We note that this is the third time in four years where Mr Jobs has been unable to meet this attendance threshold.”

Jobs took medical leave from Apple in mid-January so he could focus on his health.

Jobs is the largest individual shareholder of Disney, after selling Pixar to Disney for $7.5 billion in 2006.