A proposal that would require Apple Inc. to disclose a succession plan for their CEO Steve Jobs has been voted down by shareholders. The main reason the proposal was voted down related to competitors gaining an unnecessary advantage. Steve Jobs has been on medical leave for undisclosed reasons.
How important is Steve Jobs to Apple? Is it fair to say that Steve Jobs is essential to Apple’s success? After a month without Steve Jobs, Apple is doing well. They plan to introduce the second version of the iPad in early March. One month without their coveted CEO at the helm is not long enough to determine how important Jobs is to Apple. Only the future will provide the answer to these questions. In my opinion, Apple is a corporation filled with talented individuals who are experts at marketing new products in a changing external environment. The innovative culture at Apple will remain long after Jobs has left the company. As a result, I think Apple will perform well without Steve Jobs.
Sources: Kane, Yukari & Sheer, Ian. “The Wall Street Journal Online.” 24 February 2011. http://online.wsj.com/article/SB10001424052748703775704576162351568946690.html?mod=WSJ_Tech_LEFTTopNews
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