“Apple Inc. ‘will survive’ without Chief Executive Officer Steve Jobs, who has been on medical leave since January, Saudi Prince Alwaleed bin Talal al Saud said in a CNN interview,” Adam Satariano reports for Bloomberg.
“Apple is a ‘role model’ for U.S. businesses and the company’s board clearly has been discussing succession, Alwaleed said on Piers Morgan Tonight,” Satariano reports. “‘No company should depend on one person,’ said Alwaleed, the nephew of the Saudi monarch. ‘I hope that he will continue there as long as possible but nevertheless plans have to be put in motion.'”
Satariano reports, “Alwaleed, ranked the richest Arab businessman by Arabian Business magazine for seven consecutive years, built his fortune by investing in brand-name companies he considered undervalued, including Apple, News Corp. and Time Warner Inc.”
Read more in the full article here.
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