Linked by Thom Holwerda on Wed 14th Jan 2009 22:31 UTC, submitted by google_ninja
Apple Breaking news out of Cupertino: Apple's CEO Steve Jobs has announced he is taking a medical leave of absence, stepping down as CEO of Apple from now until June 2009. Steve Jobs announced this new turn of events in an email to all Apple employees today. Tim Cook will assume the CEO position for the time being.
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Needs To Be More Forthcoming
by jayson.knight on Wed 14th Jan 2009 23:16 UTC
jayson.knight
Member since:
2005-07-06

I am baffled by the whole mysticism surrounding his health...why doesn't he just come out and say what the hell is really going on with his health? I understand trying to protect the company and all, but it's going to come out at some point. Better to take the stock hit sooner than later rather than prolong it.

Reply Score: 1

Jason Bourne Member since:
2007-06-02

Because his health is no one's business. Health is a very delicate subject and public exposition of it is no way benefitial. Just leave the man alone...

Reply Parent Score: 4

RE: Needs To Be More Forthcoming
by lqsh on Wed 14th Jan 2009 23:34 in reply to "Needs To Be More Forthcoming"
lqsh Member since:
2007-01-01

Because his health is nobody's business.

Reply Parent Score: 7

Thom_Holwerda Member since:
2005-06-29

Because his health is nobody's business.


Apple and Steve Jobs have ACTIVELY and WILLINGLY chosen to create and maintain the image that Jobs=Apple. That has worked out very good for them, but now that his health is failing, it is starting to backfire.

You see, Apple is a publically traded company, owned by its shareholders. Since Apple created and maintained the Apple=Jobs image, it is reasonable to assume that were Jobs to be incapacitated, Apple's shares would take a hit.

As such, Jobs health IS a public matter. That's a very simple consequence from the decisions Apple and Jobs willingly and knowingly made.

Reply Parent Score: 10

poundsmack Member since:
2005-07-13

as a CEO of a publicly traded company, its the sareholders bussiness, the board of directors business, and the consumers bussiness. and this is frmo a legal stand point.

Reply Parent Score: 4

jayson.knight Member since:
2005-07-06

Absolutely incorrect, his health is Apple stockholder's business. I talked to a few of my friends in the securities/stocks industry and they are all in agreement that this is a horrible way for Apple to go about releasing this information...I trust them, they are the experts.

Reply Parent Score: 1

bousozoku Member since:
2006-01-23

I am baffled by the whole mysticism surrounding his health...why doesn't he just come out and say what the hell is really going on with his health? I understand trying to protect the company and all, but it's going to come out at some point. Better to take the stock hit sooner than later rather than prolong it.


Even if he says what's happening in extreme detail, it doesn't matter. Rumours affect the company far more than truth.

It's not really much different than what happened with crude oil, is it? People guess at what's happening, ignoring truth, and the price goes up. Here, they're guessing at Jobs' health, and driving the stock price down.

He's a force in the industry but he's hardly a deity.

Reply Parent Score: 2

RE: Needs To Be More Forthcoming
by rhavenn on Wed 14th Jan 2009 23:38 in reply to "Needs To Be More Forthcoming"
rhavenn Member since:
2006-05-12

Would you share with the world major health problems? Some people wouldn't care, but it is a very personal thing.

Personally, he doesn't have to say squat. It's unfortunate that the stock will take a hit, but I don't think Apple is in the same position as last time and will recover.

The last time he was forced out and the company was blindsided by his leaving and a bunch of idiot execs drove the company into the ground. I think now he's been able to pick and groom his successor(s) and the company should be in much better shape if / when he leaves permanently.

Reply Parent Score: 1

segedunum Member since:
2005-07-06

I am baffled by the whole mysticism surrounding his health...why doesn't he just come out and say what the hell is really going on with his health?

Because Apple are one of the most secretively paranoid companies around, and the vast majority of that comes from the top down. This is complete bull:

"During the past week I have learned that my health-related issues are more complex than I originally thought."

The treatment for a hormone imbalance should be fairly straightforward, especially considering his clarification memo not long ago.

Edited 2009-01-15 10:53 UTC

Reply Parent Score: 2