Photo: AP

Apple just reported outstanding earnings but there’s still the news that Steve Jobs will be taking another medical leave, with COO Timothy Cook taking charge in his absence. Cook was in charge when Jobs took a medical leave in 2009. (He had a liver transplant that year.) Jobs has not specified when he’ll be back this time.

The question of succession is now on everyone’s minds. The company is notorious for getting information about Jobs’ health out after the fact, so this time it is being a little more forthcoming.

Still, in a short video posted after the jump, Wall Street Journal news editor Joanne Lublin says that, “From the board’s perspective, as long as they tell shareholders they have a succession plan, they don’t have to tell you what it is.” SEC rules are on their side.

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