sorry Nuc - I didn't mean to confuse you... it's only been about 2... but most liver transplants buy someone about 6 years ± a few. I should have stated it differently. Regardless, Jobs will hit that 6 year mark too soon for all of us. Hopefully maybe they'll have answers to extend it longer by then.
the good news Nuc is now after that revelation, you're 4 years younger !!
I think the market is a bit more willing to accept Jobs not being at Apple than they were in the past. After all, they managed just fine without him the last time.
As pointed out in one of the articles, Apple experienced a brief dip in stock price, but went on to have record quarters while Steve Jobs was out on leave/sick.
Right , JD
I do think this time, Ive should be interim CEO, due to he is the VP of hardware design - I mean if we are talking about (grooming) the next CEO. After all Apple is a hardware company first and software 2nd.
I just read about this in my local newspaper. The following was also added:
Here is a look at disclosure requirements.
Question: What are companies required to disclose about an executive's health?
Answer: Nothing, unless the illness hampers the executive's ability to work. Then it would be considered "material information," which must be disclosed under government rules.
Even then, companies don't have to explain what is wrong. Apple just said Jobs was taking a leave to focus on his health, he would remain CEO and he would be involved in the major strategic decisions for the company.
Q: What is "material information"?
A: It is information that would affect an investor's decision to buy or sell a stock. That includes corporate earnings, mergers and acquisitions, new products and contracts, changes in auditors, bankruptcies and events relating to investments in a company, including dividends and stock-repurchase plans. Companies must also disclose their top executives' compensation, stock ownership, securities transactions and biographical data.
Beyond that, companies must disclose to the public when a CEO retires, dies or leaves a company. That is why Apple had to acknowledge that Jobs was taking a medical leave.
Q: Do the SEC rules lay out exactly what circumstances need to be disclosed regarding an executive's health?
A: No. "There is a lot of room for interpretation of what needs to be disclosed," said Charles Elson, director of the Weinberg Center for Corporate Governance at the University of Delaware.
Apple kept its disclosure this week tight and to the point.
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