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AAPL Stock: 112.76 ( -0.53 )

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Jobs is "ultimate CEO", worth $16b to AAPL

updated 09:10 am EDT, Mon March 26, 2007

Jobs is "ultimate CEO"

Apple's co-founder and chief exec Steve Jobs is described as the "ultimate CEO who matters," according to a new survey by Barron's magazine. The annual ranking of top CEOs from around the world identified the corporate leaders who have "top-notch reputations" in the financial community and would be missed by investors if they unexpectedly left their jobs. "The ultimate CEO who matters is Steve Jobs, a co-founder and guiding force at Apple. Jobs' departure probably would result in a greater loss of stock-market value than the loss of any other CEO in the world. Jobs might be worth 20 or so points to Apple shares, roughly $16 billion. No wonder the company last year seemed eager to minimize Jobs' role in Apple's options-backdating problem. Apple continues to out-innovate Microsoft, which spends about 10 times as much on research and development." The report says that 21 of the 30 CEO returned to the list from 2006, while two of those departed, Steve Reinemund of PepsiCo and John Browne (due to retirement). Other prominent chief executives included Warren Buffett (Berkshire Hathaway) and Rupert Murdoch (News Corp.).




by MacNN Staff

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  1. slammer

    Joined: Dec 1969

    0

    Agreed

    As vital as he has been in the turn-around for Apple, a rumor that Jobs was even condsidering leaving could conceivably cause a drop of $10-$50 a share.

  1. loudpedal

    Joined: Dec 1969

    0

    Steve matters because...

    he cares about the company and the products they create. He isn't just a greedy b****** that's looking to get as rich as possible as quickly as possible. When I see the insanely high bonuses paid to CEOs that have delivered crappy results, it makes me glad that Steve's in charge of my favorite computer...er...electronics company. Many other CEOs should take a huge lesson from him.

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