Barron’s world’s most valuable CEO: Apple’s Steve Jobs

“We dropped eight CEOs from our 2010 list to make room for new members, reflecting weakening financial performance, rising business risk and retirement. Those dropped include John Chambers of Cisco Systems, Jim Balsillie and Mike Lazardis — the duo that leads Research In Motion — and the head of Asian battery maker BYD, Chuan-fu Wan,” Andrew Bary reports for Barron’s.

“Not all the products that our CEOs make are so well known. ARM Holdings, the British semiconductor-design company, is hardly a household name, but its chips are found in most cellphones and in Apple’s red-hot iPad 2,” Bary reports. “Under CEO Warren East, ARM, founded in a turkey barn, has developed powerful chips that sip, rather than guzzle, electricity — ideal for battery-powered devices. ARM has outmaneuvered mighty Intel, whose initiatives outside server computers and PCs have gained little traction. Who says there are no innovative tech firms in Europe?”

Bary reports, “There’s little doubt that the world’s most valuable CEO is Steve Jobs of Apple, who has turned an also-ran PC maker into the second-most-valuable company in the U.S. stock market. Apple’s market value stands at $315 billion, behind only ExxonMobil. Jobs has done it through a series of hit products that have become must-have items with millions of consumers around the world. A visionary who disdains market research, Jobs has a knack for anticipating what consumers want well before they know it themselves. Apple shareholders are hoping that Jobs, who took a health-related leave of absence earlier this year, remains a guiding force at Apple for years to come.”

Read more in the full article here.

[Attribution: MacNN. Thanks to MacDailyNews Reader “Edward W.” for the heads up.]

7 Comments

  1. But Steve’s value comes from “hands on”. He definitely uses “Think Different” more than the typical CEO. His work with his product development teams has also trained the next generation leaders in my opinion, which is unusual.

    He has both detail analysis of consumer actions he see’s with his own eyes (he watches consumers handle products & he has kids, too) and wide depth of technical knowledge.

  2. A visionary who disdains market research,

    That’s not true. Apple does a great deal of market research, it’s just that they don’t give the market research group the power to decide what goes into the products.

    -jcr

  3. Remember, if Henry Ford had asked consumers of his time what they REALLY wanted of US business, they would have said “a faster horse.” Had he listened, we’d have streets full of road apples today!

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