(Reuters) - Walt Disney Co CEO Bob Iger learned that Steve Jobs' cancer had returned less than an hour before Disney announced it was buying Jobs' Pixar studio in 2006, and Iger kept the Apple co-founder's condition a secret for three years, according to Bloomberg, citing a new biography of Jobs. Iger told the authors of "Becoming Steve Jobs" he thought about the implications of keeping such a secret at a time when regulators were calling for more disclosure and holding executives more accountable to their fiduciary duties, Bloomberg reported. The $7 billion deal to buy Pixar made Jobs Disney's largest shareholder and put him on the entertainment company's board.
March 21, 2015 at 12:12PM
via Lazahealth.org
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