“Without question, any investor wants competent and creative management running the company with which they’re sharing their hard-earned dollars. What should be questioned, however, is whether you want to tie up your funds with a company based almost entirely on who’s in charge,” Chris Nichols writes for TheStreet.com.
“If you’re the kind of person who doesn’t think anyone could successfully steer your favorite company as well as whoever currently is, you might reconsider where you’re parking your cash,” Nichols writes. “People die every day, sometimes unexpectedly. Sometimes, these people are CEOs, CFOs or founders.”
“Whether Jobs should have or even could have been more forthcoming about his health isn’t the point here. Maybe he really did give shareholders all the information he had as soon as had it. Then again, maybe he didn’t. The debate there isn’t going to end,” Nichols writes. “What should end is this — the baseless notion that Apple isn’t going to be capable of continuing without Jobs.”
Nichols writes, “Yes, he’s a strong personality, yes, he’s one of the founders, and yes, he does matter. But eventually, every long-lasting successful company has to deal with a management transition, and Apple will, too. Maybe that will be this year, maybe it will be in 2019. For now, let’s just not write any obituaries, either for Jobs or for Apple.”
Full article here.
[Thanks to MacDailyNews Reader "JES42" for the heads up.]
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