FIN101- Discussion 1

Apple’s Jobs Takes Leave as Weight Loss Said to​ Continue; Cook Takes Over

Lead​ Story-Dateline: Satariano, ​ Adam, Peter​ Burrows, and Joseph​ Galante,

“Apple’s Jobs Takes Leave as Weight Loss Said to​ Continue; Cook Takes​ Over,” Bloomberg.com,

posted​ 1/18/2011.

Summary: Key Points in the Article

Apple Computer CEO Steve Jobs announced he was taking a leave of absence for health reasons. Jobs has been fighting cancer and also recently underwent a liver transplant. Even though the computer giant is in good hands with Chief Operating Officer Tom Cook taking over the stock price fell by​ US$6.40, or nearly two​ percent, on the news.

Jobs is widely known as a visionary and a micromanager. Under his leadership Apple has transformed the computing industry. While​ Jobs’ health outlook is unknown many investors are betting on his recovery and return. Those who bought Apple stock when Jobs stepped down in 2004 for health reasons made a nice profit when he returned to the helm.  

Question                                                                                                                               2 Marks

“When a financial manager makes good or bad financial decisions the impact of these decisions will be reflected in the​ company’s Stock price”.

Do you agree with the decision taken in the above case? What decisions you will take to improve the stock price of Apple Computers in this situation?

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