“Let’s all pray for Steve Jobs,” Eric Savitz writes for Forbes. “Struggling against cancer since 2004, the Apple co-founder, chairman and now former CEO has built an astonishing career, and an astoundingly successful company.”
“He created Apple (with the Woz), was pushed out, and came back to save the company when it was teetering on the edge of bankruptcy,” Savitz reminds. “With Steve’s guidance, Apple has become one of the world’s great companies, changing every industry it touched. Music. Mobile phones. Movies. Software. Hardware. Software publishing. Advertising. Apple now has a market cap north of $300 billion; just days ago the stock briefly surpassed Exxon Mobil as the world’s most valuable public company.”
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Savitz writes, “Steve is one of a kind, our generation’s Thomas Edison and Henry Ford rolled into one. He has changed the world in too many ways to recount here. And with his decision to step away from the company’s day-to-day operations, investors will once again face the question about how the company will fare without him leading the charge.”
“All that said, the Street should get over the initial shock in a hurry,” Savitz writes. “Apple is going to be fine… Think Apple is done changing the world? Think different.”
Read more in the full article here.
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