Editor: would you please correct this to 'rumors of his ILL health' (second time this has appeared), as 'rumors of his health' makes no sense and is not in fact what was written in the Times article.
Steve's health is his own business. His responsibilities likely include making sure the company can survive his loss or departure... which would be more than most CEOs have done. Hey, he's not running for president of the US.
Steve's health is his own business. His responsibilities likely include making sure the company can survive his loss or departure... which would be more than most CEOs have done. Hey, he's not running for president of the US.
Actually he is a public figure and his health is material to Apple. The world does have the right to know if it materially affects his ability to perform as CEO of Apple. That aside, I am glad he is doing well as are all of our toys. I can not wait to see what he and Apple have in store for us all this fall.
Gene Munster is doing the right thing to protect his investment clients, and his reputation. He is establishing that Apple's refusal to comment on something that would make a difference in the value of the stock to shareholders is legally significant. This would put shareholders in a different position down the road if we learn that SJ was in fact sick, and there would be a major lawsuit action. I'm also sure that the fact that Apple has over 20 billion in cash is also something that makes Munster more comfortable keeping his $250 stock target intact!
I do not, however, expect that he owes me or anyone else any explanation of his private business.
Besides that, I have complete confidence that if his health really were as bad as the rumors, that he would already have a well guarded transition plan in place should it be needed.
I'm not sure everyone in this country realizes how delicate and serious a matter it is regarding disclosure or one's medical records. We are all protected by HIPAA, just poke around on the web for info but here's a start: http://www.cdc.gov/mmwr/preview/mmwrhtml/m2e411a1.htm
This is simply designed to allay concerns. Jobs has no obligation to tell the board much till he can't continue. If it happens, it will all be at the last minute.
What, this Munster guy is now a corporate governance expert!
A far as I know, as long as the board has a clear succession plan, and they've weighed the pros and the cons of Jobs' staying on under the current circumstances (and possibly got the opinion of his physician), they are "obligated to disclose" nothing "about Jobs' health."
Gene Munster is doing the right thing to protect his investment clients, and his reputation. He is establishing that Apple's refusal to comment on something that would make a difference in the value of the stock to shareholders is legally significant. This would put shareholders in a different position down the road if we learn that SJ was in fact sick, and there would be a major lawsuit action. I'm also sure that the fact that Apple has over 20 billion in cash is also something that makes Munster more comfortable keeping his $250 stock target intact!
Sorry. His job is to simply say: "APPL is worth X with Steve and Y without."
No one has appointed him protagonist for Apple's shareholders
I'm up for standing in for Jobs, pick me, pick me. I have vision coming out of my ass...
Switched places with your mouth did it?
Concerning the health of the CEO, it's clear that Steve has been a huge driving force in the success of Apple. This is a very bad thing IMO. In business, it's usually faceless corporations that survive because they have nothing to hold up except an undying brand name. The stronger the tie between Apple and Steve, the harder the hit when he will inevitably go. Apple needs to be seen to do well without him before that time comes.
He has taken less and less of a role in events but numbers of attendees have dropped significantly at events when he doesn't appear. Sooner or later people need to adjust to Apple without him.
Investment bank Piper Jaffray is assuring Apple investors Friday that the company's leadership would be required to disclose in a timely fashion any changes that would prevent Steve Jobs from maintaining his role as chief executive.
"We believe Steve Jobs commands attention from investors given his high profile as founder of the company and his hands-on approach to Apple's products," wrote analyst Gene Munster. "As such, we believe that Apple's board has a responsibility to disclose any changes that may impede him to continue to serve."
Specifically, Munster cited the nature of Jobs' public appearances and his active participation in the development of products like Macs and iPhones as some of the more noteworthy qualities that make him material to the company.
Similarly, the analyst said, one of the company's most competitive advantages is its executive team as a whole, who "share a collective track record of consistently outpacing their competitors in terms of hardware and software innovation coupled with robust product marketing and financial discipline."
Given his level of involvement and the fact that he is a cancer survivor, Apple shareholders have remained focused on Jobs' capacity to continue to serve as the company's leader.
During Apple's quarterly conference call Monday, chief financial officer Peter Oppenheimer was asked to comment on status of Jobs' health given a news report by the New York Post that renewed focus on the matter. He refused to do so, however, citing the co-founder's right to privacy, which in turn weighed on Apple shares.
Since then, however, the New York Times has reported that Jobs is actively reassuring some of his closest associates that rumors of his health are greatly exaggerated.
Given the due responsibility of Apple's board and the fact that no announcements have been made to date, Munster told clients there is "no reason to believe that Steve Jobs will not continue to serve as Apple's CEO."
As such, the analyst maintained his Buy rating and $250 price target on shares of the Cupertino-based company.
We believe Steve Jobs commands attention from investors given his high profile as founder of the company and his hands-on approach to Apple's products," wrote analyst Gene Munster. "As such, we believe that Apple's board has a responsibility to disclose any changes that may impede him to continue to serve."
Munster is maybe the most accurate and respected analyst following Apples business developement. His public opinion has now put the BoD on notice what affected shareholders deserve to expect in the way of notice regarding Jobs ability to lead Apple.
Munster is maybe the most accurate and respected analyst following Apples business developement. His public opinion has now put the BoD on notice what affected shareholders deserve to expect in the way of notice regarding Jobs ability to lead Apple.
Did you read any of the concerns aired in this thread?
Comments
Ps...leave steve jobs alone...pleezze
lol
Absence of evidence is not the same as evidence of absence.
- Niel Degrasse Tyson -
I see someone watches The Universe
Bring on the woz!!!! The other, other steve.
Ps...leave steve jobs alone...pleezze
lol
Steve's health is his own business. His responsibilities likely include making sure the company can survive his loss or departure... which would be more than most CEOs have done. Hey, he's not running for president of the US.
Actually he is a public figure and his health is material to Apple. The world does have the right to know if it materially affects his ability to perform as CEO of Apple. That aside, I am glad he is doing well as are all of our toys. I can not wait to see what he and Apple have in store for us all this fall.
Peace. :-)
I do not, however, expect that he owes me or anyone else any explanation of his private business.
Besides that, I have complete confidence that if his health really were as bad as the rumors, that he would already have a well guarded transition plan in place should it be needed.
I'm up for standing in for Jobs, pick me, pick me. I have vision coming out of my ass...
Does that make you a TriClops?
A far as I know, as long as the board has a clear succession plan, and they've weighed the pros and the cons of Jobs' staying on under the current circumstances (and possibly got the opinion of his physician), they are "obligated to disclose" nothing "about Jobs' health."
This sounds to me like like b-s.
Any experts in the forum who can weigh in?
Gene Munster is doing the right thing to protect his investment clients, and his reputation. He is establishing that Apple's refusal to comment on something that would make a difference in the value of the stock to shareholders is legally significant. This would put shareholders in a different position down the road if we learn that SJ was in fact sick, and there would be a major lawsuit action. I'm also sure that the fact that Apple has over 20 billion in cash is also something that makes Munster more comfortable keeping his $250 stock target intact!
Sorry. His job is to simply say: "APPL is worth X with Steve and Y without."
No one has appointed him protagonist for Apple's shareholders
I'm up for standing in for Jobs, pick me, pick me. I have vision coming out of my ass...
Switched places with your mouth did it?
Concerning the health of the CEO, it's clear that Steve has been a huge driving force in the success of Apple. This is a very bad thing IMO. In business, it's usually faceless corporations that survive because they have nothing to hold up except an undying brand name. The stronger the tie between Apple and Steve, the harder the hit when he will inevitably go. Apple needs to be seen to do well without him before that time comes.
He has taken less and less of a role in events but numbers of attendees have dropped significantly at events when he doesn't appear. Sooner or later people need to adjust to Apple without him.
"I'm up for standing in for Jobs, pick me, pick me. I have vision coming out of my ass..."
That is how Ballmer got his job with that exact line....and no kidding...that is how Vista came to life!
Just sayin'
Investment bank Piper Jaffray is assuring Apple investors Friday that the company's leadership would be required to disclose in a timely fashion any changes that would prevent Steve Jobs from maintaining his role as chief executive.
"We believe Steve Jobs commands attention from investors given his high profile as founder of the company and his hands-on approach to Apple's products," wrote analyst Gene Munster. "As such, we believe that Apple's board has a responsibility to disclose any changes that may impede him to continue to serve."
Specifically, Munster cited the nature of Jobs' public appearances and his active participation in the development of products like Macs and iPhones as some of the more noteworthy qualities that make him material to the company.
Similarly, the analyst said, one of the company's most competitive advantages is its executive team as a whole, who "share a collective track record of consistently outpacing their competitors in terms of hardware and software innovation coupled with robust product marketing and financial discipline."
Given his level of involvement and the fact that he is a cancer survivor, Apple shareholders have remained focused on Jobs' capacity to continue to serve as the company's leader.
During Apple's quarterly conference call Monday, chief financial officer Peter Oppenheimer was asked to comment on status of Jobs' health given a news report by the New York Post that renewed focus on the matter. He refused to do so, however, citing the co-founder's right to privacy, which in turn weighed on Apple shares.
Since then, however, the New York Times has reported that Jobs is actively reassuring some of his closest associates that rumors of his health are greatly exaggerated.
Given the due responsibility of Apple's board and the fact that no announcements have been made to date, Munster told clients there is "no reason to believe that Steve Jobs will not continue to serve as Apple's CEO."
As such, the analyst maintained his Buy rating and $250 price target on shares of the Cupertino-based company.
[ View this article at AppleInsider.com ]
We believe Steve Jobs commands attention from investors given his high profile as founder of the company and his hands-on approach to Apple's products," wrote analyst Gene Munster. "As such, we believe that Apple's board has a responsibility to disclose any changes that may impede him to continue to serve."
Munster is maybe the most accurate and respected analyst following Apples business developement. His public opinion has now put the BoD on notice what affected shareholders deserve to expect in the way of notice regarding Jobs ability to lead Apple.
Munster is maybe the most accurate and respected analyst following Apples business developement. His public opinion has now put the BoD on notice what affected shareholders deserve to expect in the way of notice regarding Jobs ability to lead Apple.
Did you read any of the concerns aired in this thread?
I see someone watches The Universe
Maybe he uses that line often, I saw it on yesterday's Nova Science Now. Anyway, something else to add to my Netflix Queue.
Maybe he uses that line often, I saw it on yesterday's Nova Science Now.
I forget about NOVA: ScienceNOW. I need to DL his week's episode.