Steve Jobs Resigns as Apple CEO

[CeeKay]

http://www.msnbc.msn.com/id/44264089/ns/business-us_business/t/jobs-resigns-ceo-apple-cook-takes-over/


Yikes.  So, any predictions for Apple stock tomorrow?

[Zarkon]

It'll drop like $10-20, and then when people realize that .... nothing is changing...it'll go right back. 

[Soulchilde]

Wow...must be health related.  I wish him well.  The man is a visionary

[leo8877]

It'll drop like $10-20, and then when people realize that .... nothing is changing...it'll go right back. 

It's already down $20 after hours.

[Zarkon]

That's fine, I buy stock on a 6 month swign, so I get 85% of the price of the lowest point, start or finish of the buyijng period.  It started at $390ish.  More stock for me, long-term.

[gangeli]

It will be a few years before apple starts to decline, once all of the future stuff steve had a hand in is done.

[leo8877]

It will be a few years before apple starts to decline, once all of the future stuff steve had a hand in is done.

If even then.  Which is why it's so utterly ridiculous that the stock is dropping now.

[gellar]

It will be a few years before apple starts to decline, once all of the future stuff steve had a hand in is done.

If even then.  Which is why it's so utterly ridiculous that the stock is dropping now.

Yeah that's not really how the stock market works...

[leo8877]

It will be a few years before apple starts to decline, once all of the future stuff steve had a hand in is done.

If even then.  Which is why it's so utterly ridiculous that the stock is dropping now.

Yeah that's not really how the stock market works...

I get that, but it does not change the fact that it's utterly ridiculous.

[gellar]

It will be a few years before apple starts to decline, once all of the future stuff steve had a hand in is done.

If even then.  Which is why it's so utterly ridiculous that the stock is dropping now.

Yeah that's not really how the stock market works...

I get that, but it does not change the fact that it's utterly ridiculous.

I don't understand why it is.  It stands to reason that the perceived value of the stock (which is all that matters) has certainly gone down with the leadership change.

[Harkonis]

the problem with the stock market and the reason it's ridiculous is that the perceived value may as well be the actual value and the perceived value changes all the time based on stuff that doesn't actually affect how the business is run.

Things could change that will increase profit, and if enough people think it's a risky change stock could plummet.  It's stupid.  Stock shouldn't change until the actual value of the company changes.  When companies post a loss, stocks should go down and vice versa, but it doesnt' work that way.  It's the most absurd subjective thing about the business world imo.

[Devil]

It's gambling and the loss of Jobs makes it look more risky.

[Teggy]

I expect that tomorrow Republicans will be blaming Obama for this loss of Jobs.

[Zarkon]

The Stock Market has nothing to do with how well a compnay is doing long term. 

It doesn't even have much to do with how a company is doing short term.

It's all kneejerk reactions to how a company is doing RIGHT THIS MINUTE made by people who are guessing that it might change in the next few weeks. 

It's become all about short-term profit instead of long-term stability.

[PR_GMR]

He must in bad shape healthwise.. My guess is that the liver or pancreatic cancer returned. He's indeed a visionary. I suspect the company will do just fine without him for a good while. Hope he enjoys his remaining days.

[Bullwinkle]

I expect that tomorrow Republicans will be blaming Obama for this loss of Jobs.

[Rumpy]

They should try to convince Wozniak to come back and be the CEO.

[Purge]

I expect that tomorrow Republicans will be blaming Obama for this loss of Jobs.

I LOL'd.

[raydude]

the problem with the stock market and the reason it's ridiculous is that the perceived value may as well be the actual value and the perceived value changes all the time based on stuff that doesn't actually affect how the business is run.

Things could change that will increase profit, and if enough people think it's a risky change stock could plummet.  It's stupid.  Stock shouldn't change until the actual value of the company changes.  When companies post a loss, stocks should go down and vice versa, but it doesnt' work that way.  It's the most absurd subjective thing about the business world imo.

On the flip side, if you look at the stock from day-to-day sure the fluctuations look wonky and somewhat random. But if you expand it out to the last 5 years then you can at least see the general trend. I bet 5 years from now I won't be able to look at the Apple stock timeline and point out when exactly Jobs resigned.

[Asharak]

They should try to convince Wozniak to come back and be the CEO.

Why would Apple want one of our best female tennis players as their CEO?

- Ash

[Purge]

I bet 5 years from now I won't be able to look at the Apple stock timeline and point out when exactly Jobs resigned.

Nope, but Wikipedia as well as old press releases (and this forum topic) will help you out.

[leo8877]

Well I think the stock is already back, so that was that.

[farley2k]

I hope he is going to be ok.  He wouldn't resign unless he really couldn't do the job so his health must really be going downhill.

[Blackjack]

PVP Online's Brent weighs in...
http://www.pvponline.com/2011/08/25/jobs-loss/

If Jobs can remain plugged in on basic product design, brainstorming etc., I'm sure he will. Given his health in recent years, better to let him focus on that than deal with all the stress and headaches the CEO position brings with it (even if he's mostly working from home apparently).

I don't know if anyone's worried about day-to-day Apple as much as losing him as the pitchman at big product unveilings. imho even when he says things that aren't true (which he has done, numerous times in these presentations, when slamming Android or Windows or what have you), he still gets the eyeballs to tune in. It just hasn't seemed the same when some seemingly milquetoast/bland other Apple official fills in. There are probably also concerns whether other Apple execs there will "crack the whip" or play the bad guy as Jobs seemed to have no trouble doing, if he thought it was necessary to improve a product.

In real life I've mostly been "too nice for my own good" or as one newspaper editor scolded me, "your problem is you want everyone to like you." Steve Jobs would devour me for lunch. I appreciate everything he has accomplished even if I think I wouldn't want to work for him.

[Rumpy]

They should try to convince Wozniak to come back and be the CEO.

Why would Apple want one of our best female tennis players as their CEO?

- Ash

To be able to bounce right back?

Heh, you knew I meant Steve Wozniak,  of course.

[Eel Snave]

A pic of a frail Steve Jobs. Ugh.

I'm not a huge Apple fan, but I respect everything Jobs did for Apple and computing in general. I really hope that he can come back from this, because he doesn't deserve to go out like this.

[CeeKay]

A pic of a frail Steve Jobs. Ugh.

I'm not a huge Apple fan, but I respect everything Jobs did for Apple and computing in general. I really hope that he can come back from this, because he doesn't deserve to go out like this.

ho-lee shit

[Biyobi]

A pic of a frail Steve Jobs. Ugh.

I'm not a huge Apple fan, but I respect everything Jobs did for Apple and computing in general. I really hope that he can come back from this, because he doesn't deserve to go out like this.

Deserve's got nothing to do with it.

I never figured him for the "little black dress" type.  Is that a Jobs-ian hospital gown or something?

[Eel Snave]

If it were different circumstances, I would say it looks positively fetching on him.

And frankly, there are very few people who would deserve to have this happen to. It's just a shame that it's happening to him.

[leo8877]

Judging by how frail he looked during his last two keynotes, I'd say he's been that thin for quite some time.

[tjg_marantz]

If it doesn't show up:

http://www.tmz.com/2011/08/26/steve-jobs-apple-photo-resignation-ceo-sick/

[Bullwinkle]

Well, yeah, that's what Lee posted.

It's not a black dress (or gown) BTW.  It's a t-shirt and shorts.

[Devil]

That just sucks.

I couldn't care less about him with Apple, just hope he somehow bounces back.

 

[PR_GMR]

Pancreatic cancer. He's on his last days. May him and his family make the best of them. 

[Purge]

That'll be 2 major people who have had the big C take them out then. (Jack Layton being the other - he just died last week).

Steve, for all your contributions, thank you.

[Gratch]

Not saying Jobs isn't sick, but that picture is probably faked.

[CeeKay]

Not saying Jobs isn't sick, but that picture is probably faked.

the neck thing could just be permanent damage from wearing all those mock turtlenecks    still, if it's a fake I'm sure they'll come out and say so.

[rshetts2]

someone over at OO had a post that detailed where and how that picture was photoshopped.  That doesnt mean that Jobs is healthy but the pic exaggerates his condition.

and the outfit looks kind of like a nuns habit.

[Blackjack]

This passage in a CNN piece made me LOL...
http://www.cnn.com/2011/TECH/innovation/08/25/tim.cook.apple.employees.ars/index.html?hpt=hp_bn7

In person, Cook is gruff and assertive, but in a way that makes people feel secure -- this is no doubt part of the reason why Apple has slowly been introducing Cook to the public via Apple keynotes over the last few years. In the public's eye, Cook has become the Riker to Jobs' Picard -- and people generally like Riker.

I could metaphorically compare Jobs to a lot of fictional characters but... Captain Picard? 

[Biyobi]

This passage in a CNN piece made me LOL...
http://www.cnn.com/2011/TECH/innovation/08/25/tim.cook.apple.employees.ars/index.html?hpt=hp_bn7

In person, Cook is gruff and assertive, but in a way that makes people feel secure -- this is no doubt part of the reason why Apple has slowly been introducing Cook to the public via Apple keynotes over the last few years. In the public's eye, Cook has become the Riker to Jobs' Picard -- and people generally like Riker.

I could metaphorically compare Jobs to a lot of fictional characters but... Captain Picard? 

Well, he is definitely thinner and lighter than Kirk (in keeping with the Apple focus).