RUMOR: Steve Jobs will take leave of absence from Apple Computer

In a list of rumors he’s picked up from trading desks and other industry sources this morning, TheStreet.com’s Doug Kass drops this thermonuclear bombshell:

“Apple will announce that Steve Jobs will be taking a leave of absence from the company.”

That’s it. No other information is included. One might speculate that, if it were to occur, such a leave of absence might be due to the stock options imbroglio, a health issue (we hope not!), new venture (?), or some other unknown reason.

Doug Kass is founder and president of Seabreeze Partners Management, Inc., and the general partner and investment manager of Seabreeze Partners Short LP and Seabreeze Partners Short Offshore Fund, Ltd. Until 1996, he was senior portfolio manager at Omega Advisors, a $4 billion investment partnership. Before that he was executive senior vice president and director of institutional equities of First Albany Corporation and JW Charles/CSG. He also was a General Partner of Glickenhaus & Co., and held various positions with Putnam Management and Kidder, Peabody. Kass received his bachelor’s from Alfred University, and received a master’s of business administration in finance from the University of Pennsylvania’s Wharton School in 1972. He co-authored “Citibank: The Ralph Nader Report” with Nader and the Center for the Study of Responsive Law and currently serves as a guest host on CNBC’s “Squawk Box.”

Full article here.

79 Comments

  1. Maybe someone is a little upset that they missed the stock buying opportunity last week and want to artifically lower the price again leading into the keynote? Silly yes, but crazier things have happened.

  2. Well, this guy got the attention he wanted along with his stock manuever and the under the table monetary incentive from M$.
    Steve, if he wanted, could just do the keynotes, etc. every year and leave the rest to the upper tight-knit circle. He would never announce that he was taking a leave of absence at the prime time of his company’s growth with no peak in sight. Yeah, right. But the bozos will still sell their shares and make those with a brain buy even more and cheaper. We should thank this guy instead.

  3. He has been giving more and more time to other high-ups at Apple over the last couple major presentations….possibly priming them for taking over the stage.

    See how he is a very smart person with good business sense, he knows that if Apple is going to continue as it has been in the last 10 years, someone else is eventually going to take over. A short leave of absense is a good way to let them test the waters, while knowing that he is coming back to check on you and see how things are going. Better that way than completely unexpectedly and with people who are not prepared.

  4. imagine if you will…amidst the usual idol-worshipping keynote frenzy, Steve (Bilbo) thanks everyone for coming, recognizes Apple’s 30th birthday, then slips on the iPod of Power and vanishes from the stage…

Add Your Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.