Originally Posted by CaryMG
We were all led to believe Steve'd had really turned the corner on this ....
And with the Dow's day off today plus a day's worth of newscycle build-up/panic, AAPL's gonna China Syndrome tomorrow ....
You sound like you feel like you've been manipulated. Anyone with cancer can get it again. Anyone taking drugs or other treatment for cancer can have numerous side effects. For all we know, his body is rejecting the transplanted liver.
Besides, Wall Street has known the risk and it's already been factored into the stock price.
AAPL stock will probably drop tomorrow, but I think it will be a temporary, emotional drop. First of all, the drop will be tempered by Apple's results, which are inevitably going to hit another record. The question will be whether Wall Street will think that in spite of that success, Apple won't continue to achieve that without Jobs there, but even if Jobs actually has no role going forward, you won't see the impact for a year.
Apple should have put a succession plan in place long ago. Most corporations have succession plans even when their CEOs are healthy. Apple has made a strategic error in reinforcing the notion that the company is "Steve". I think half of the public feels that Jobs has a role in every single decision make at the company. That's ludicrous. Tim Cook, Jonathan Ive and others have done and will continue to do an incredible job.
As for other posters who feel that Jobs' health should not be private, that's ridiculous. How much do you know about the health of the CEO of Exxon-Mobil? Or Wal-Mart? Every corporation is at risk of losing its chief executive due to such factors as airplane crashes, heart attacks, etc., for which I believe they are affected statistically more than the general population, due to extensive travel schedules and the pressures of the job.