The decision of Mr. Steve Jobs to step down as Apple Inc's Chief Executive Officer erased as much as $52 billion from the benchmark gauge for US stocks, futures trading shows.
 |
| Inventive Genius- Steve Jobs |
On last Wednesday, Mr.Steve Jobs, who had turned exactly 56-and-half, submitted his resignation by saying, " I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know. Unfortunately the day has come."
Apple Milestones
Steve Jobs was really an inventive Genius. After Jobs returns as CEO in 1997, the shares grew in value to $348.7 billion from $2.08 billion. That 9,020 percent surge in the stock price since July 29, 1997 shows his brilliant managerial ability.
He is also perhaps, the biggest comeback man the tech world ha ever seen. He was kicked out by Apple in 1985 by the man he hired, ex-Pepsi Chief Executive, Mr. John Scully. But returning in 1997, Mr.Jobs turned Apple around to make it the world's most valuable company.
Lets pray for his health.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
Posts
