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Read it at The Wall Street Journal
Apple reported a record quarter Tuesday, more than doubling its profit from a year ago to $7.31 billion, thanks to strong iPad and iPhone sales. A Wall Street Journal article rains on that parade, however, by reporting that some Apple directors have been discussing CEO succession with executive recruiters and at least one head of a large technology company. The current CEO, Steve Jobs, has been on medical leave since the winter; he tells the Journal he thinks the story is “hogwash.” The Journal notes that the discussions were “informal” and not official business.