Jobs’ Health React: Apple Can Live On; List Of Successors; More Transparency Is Needed
Nine days ago, Steve Jobs explained his decision not to appear at Macworld by going public with a hormone imbalance. Today, he told employees, shareholders and the public that he will take a five-month leave of absence to deal with his condition, which he called more “complex” than originally thought. Given that Steve Jobs’ name is synonymous with Apple (NSDQ: AAPL), strong opinions about his temporary departure abound. Just a few examples:
Apple can live on without Steve Jobs: Robert Scoble: “It’s too late to sell your Apple stock. If you sold it today, you are a genius. But tomorrow? You’ll be the biggest loser. Why? Apple has the best team, the best distribution, the best supply chain, the best management in the business. Everyone, from Palm to Microsoft to Google wants to be like Apple.”
Likely successors: VentureBeat: “The fact that Cook is stepping in says a lot about Apple’s much talked about “line of succession.” There are several names that get floated around for who would take Jobs place if and when he leaves Apple, and while Apple chose vice president of product marketing Phil Schiller to give the Macworld keynote, it is Cook who will once again fill in to run the company just as he did when Jobs took his last leave of absence to deal have surgery for his cancer in 2004. Fortune lists 11 likely successors in a hypothetical that includes all company insiders such as COO Tim Cook, Ron Johnson, SVP of retail, Philip Schiller, SVP of worldwide product marketing, Scott Forstall, SVP of iPhone software, CFO Peter Oppenheimer, Bertrand Serlet, SVP of software engineering and Bob Mansfield, SVP, of Mac hardware. More after the jump.
More disclosure on Jobs’ health problems: Forbes: “...Lately, Jobs has, as far as any reasonable person can tell, been taking the same sorts of liberties with telling the truth about his medical condition. He shouldn’t be allowed to get away with it again. Perhaps more than just about any chief executive in the world, Jobs is identified with his company. He founded it, was exiled from it only to watch from afar as it withered to nearly nothing, then returned, bringing new vitality and success beyond what anyone had thought possible…the notion that he is only now realizing the extent of his health issues defies all credulity. People might be disinclined to say so out loud, but on the subject of Jobs’ health, no one believes these Victorian-like subterfuges.” WSJ (sub. req.): “Some leadership specialists were troubled by the Apple CEO’s latest disclosure. Wednesday’s announcement raises questions about ‘whether we have been getting the full story for the past year’ about Mr. Jobs’s health, suggested Jeffrey Sonnenfeld, a senior associate dean at Yale University’s School of Management. This week’s letter ‘is less forthcoming’ than the Jan. 5 one disclosing a ‘hormone imbalance,’ but the Apple leader should have revealed ‘what the new health issues are.’‘
Jobs’ short-term break makes for long-term cloud: Gawker: “He might as not well return after June, for his health and for Apple’s. As much as he claims that he wants to remove the ‘distraction’ from Apple, by leaving things so unresolved, he guarantees it will remain as a cloud over Apple’s Cupertino headquarters…Apple needs to prove it can thrive without Jobs. And Jobs, for the sake of his family and friends if not Apple’s investors, must show he can thrive without Apple.”
Posted In: Companies, Apple, steve jobs
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