Dvorak makes a good case IMO for not worrying about Steve Jobs giving up his CEO position, as he is still involved with APPL, and his positive spin on the benefit to Tim Cook and Apple is one that I have not read elsewhere! Thank you, Stockinvestor
“If Jobs divorced himself from the company and gave up his chairmanship, then I’d be more concerned. But he did not,” Dvorak writes. “He is still chairman. He still has oversight capability and can maintain that for some time to come.”
Dvorak writes, “The general scenario in the media is an exaggeration, and the decision for Jobs to step down may have a simpler, more logical explanation than just his being critically ill. The reason is Tim Cook.”
“Everyone in Silicon Valley would love to hire this guy, and from his perspective, his title as “acting” chief executive gets old fast when you are actually running the company,” Dvorak writes. “Jobs has been on extended leave for months, so what’s going to change with this announcement? Nothing, that’s what — except the title itself. And this is what is important.”
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