Summary: Key Points in the Article
Question Description
Apple’s Jobs Takes Leave as Weight Loss Said to Continue; Cook Takes Over
Lead Story-Dateline: Satariano, Adam, Peter Burrows, and Joseph Galante,
“Apple’s Jobs Takes Leave as Weight Loss Said to Continue; Cook Takes Over,” Bloomberg.com,
http://www.bloomberg.com/news/2011-01-17/apple-chi…,
Summary: Key Points in the Article
AppleComputer CEO Steve Jobs announced he was taking a leave of absence forhealth reasons. Jobs has been fighting cancer and also recentlyunderwent a liver transplant. Even though the computer giant is in goodhands with Chief Operating Officer Tom Cook taking over the stock pricefell by US$6.40, or nearly two percent, on the news.
Jobsis widely known as a visionary and a micromanager. Under his leadershipApple has transformed the computing industry. While Jobs’ healthoutlook is unknown many investors are betting on his recovery andreturn. Those who bought Apple stock when Jobs stepped down in 2004 forhealth reasons made a nice profit when he returned to the helm.??
Question 2Marks
Whena financial manager makes good or bad financial decisions the impact ofthese decisions will be reflected in the company’s Stock price.
Doyou agree with the decision taken in the above case? What decisions youwill take to improve the stock price of Apple Computers in thissituation?
You must comment on two peer posts.
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