SmartyGuy

Why Apple Stock Is Poised To Go Flat - At Best

Regarding a succession plan for Jobs, Tom Jackson wrote:

"If you don't think that smart executives in Apple are planning for the long term - after Steve you aren't clear about the level of management. What bothers you and many is that Apple won't tell you in advance."

This is the truth and this is what unnerves the naysayers. And while the perception of him not being able to lead the company in case of some health issue would affect the stock price, in the April issue of Fortune, Steve Jobs did say this:

"When you hire really good people, you have to give them a piece of the business and let them run with it... The reason you're hiring them is because you're going to give them the reins. I want [them] as making good or better decisions than I would. So the way to do that is to have them know everything, not just in their part of the business but in every part of the business. So what we do every Monday is we review the whole business... All the stuff in development, we review. And we do it every single week."

Does that sound like a company that can't mount a succession plan? I don't think so. Time to change perceptions.