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Thu, Mar 18, 2010 - 02:58 PM EDT — AAPL: 223.67 (-0.45, -0.2%) | NASDAQ: 2390.00 (+0.91, +0.04%)

Experts: Apple needs to provide greater clarity about Jobs’ health situation and succession plan

Friday, January 16, 2009 - 11:06 AM EDT

"News that Jobs will take a leave of absence because of health problems and turn day-to-day operations to Chief Operating Officer Tim Cook has renewed concerns that the company and its board haven't been forthcoming enough about plans for Jobs' permanent replacement," Spencer E. Ante and Jena McGregor report for BusinessWeek.

"Not every company needs to go public with its planning, governance experts point out. But greater clarity may be essential in the case of Apple, a company whose image is so intricately tethered to a charismatic CEO who was sidelined in 2004 after treatment for a rare form of pancreatic cancer," Ante and Jena McGregor report. "Concerns over his health were heightened in recent months as Jobs appeared visibly emaciated during public presentations."

"Until recently, Jobs and Apple considered the chief executive's health a private matter. As long as Jobs was able to carry out his duties as CEO, Apple didn't feel compelled to say much, if anything, about his condition. That has changed dramatically now that he's taking a leave, experts say," Ante and Jena McGregor report. "An early step to greater disclosure, says Yale School of Management senior associate dean Jeffrey A. Sonnenfeld, is to get a medical expert to publicly explain the facts around Jobs' health. CEOs 'do not have the luxury of privacy when it comes to their health,' Minow contends. 'Their shelf life is of crucial concern to the board and to the enterprise.'"

Ante and Jena McGregor report, "Beyond reassuring the public over Jobs' health, Apple and its board must also ensure that Jobs does his best to transfer to Cook the goodwill he has amassed with investors and the rest of the public, says Dave Ulrich, a human resources expert and professor at the University of Michigan's Ross School of Business. 'In a logical CEO succession, Steve Jobs would have gone out with him, let Tim begin to do the speaking, and then that 'relationship equity' is transferred,' says Ulrich. 'In this case, it looks like that is going to be difficult.'"

Ante and Jena McGregor report, "Ultimately, some leaders are so irreplaceable that no amount of succession planning will ensure a seamless power transition. 'In some sense, with the charismatic person, it's difficult to prepare a successor, because they are bigger than life,' says John Larrere, general manager at the management consultant Hay Group. 'The next person isn't going to be bigger than life to start with.'"

Full article here.

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Reader feedback page 1 of 1 pages:

Jan 16, 09 - 12:12 pm Comment from: Ouate de Phoque

Sex and travel to these anal (yst)s

Jan 16, 09 - 12:13 pm Comment from: Ouate de Phoque

as in F*** off

Jan 16, 09 - 12:17 pm Comment from: iPete

I do not think that Apple has to do any thing about reporting the health of the CEO. They do need at this point to prove that the company is solid with out Steve in the day to day operations. I believe that they will do this this in the next 12 months. Steve is not an Island. Steve is ill not Apple.

Jan 16, 09 - 12:19 pm Comment from: The Other Steve

You don't like it?

Get another CEO . . . I dare you!

Jan 16, 09 - 12:22 pm Comment from: DenisRS

"Apple needs to provide greater clarity about Jobs’ health situation and succession plan"

***************************************************

What a stupid, never ending moaning by the media.

Apple does not "need" anything to do, the more so after guesses of such idiots.

Because there is possible *no* any clearer information that Apple knows. It is private thing between Jobs and his doctors. According to law, the employer has nothing to do with knowing anything.

Also, neither Jobs nor doctors may have "clarity" about his health.

What kind of message from Apple those pathetic blood-sucker want?

***************************************************
"Hello, I am God, the only one source of clarity.

Steven Jobs will die on XX.XX.20XX because of ..."

Jan 16, 09 - 12:24 pm Comment from: AC

"Apple needs to provide greater clarity about Jobs’ health situation and succession plan"

First of all, No. Secondly, only half No. They might need to make a succession plan and publish it, but they do NOT NEED to tell anyone about his health. The company will do 100% fine.

Jan 16, 09 - 12:25 pm Comment from: Spark

STFU!

Man, I'm sick of this continued mantra. I guess every person on the planet with a word processor needs to publish the same rehashed opinions.

Jan 16, 09 - 12:30 pm Comment from: mactech

Blah, blah, blah, blah, blah. Move on already, sheesh.

Jan 16, 09 - 12:42 pm Comment from: Quad Core

"Apple needs to provide greater clarity about Jobs’ health situation and succession plan"

No, they do not hav to.

Jan 16, 09 - 12:55 pm Comment from: The Other Steve

To clarify further, BusinessWeek, write a story about how Steve Jobs NEEDS to be replaced.

Again . . . I dare you.

Apple is lucky to have the CEO that everyone else wishes they could have. If you don't like the packaged deal, find another CEO.
Steve is a billionaire and doesn't need this job, Apple on the other hand, does need him.

Jan 16, 09 - 01:27 pm Comment from: ndelc

Seems to me that Tim Cook has received plenty of goodwill in the last couple days. I've read a number of articles about him that have all been glowing. He's a very different guy from SJ, but certainly capable.

These people need to get past this. I wish Steve all the best and I'd like nothing more than to see him come back in July, the perfect specimen of health. But if for some reason he does not, I think Apple will be just fine. More than anything else, I think he's instilled his ideas and ethos into the company. I'm willing to bet that it's a part of everyone there.

Jan 16, 09 - 01:31 pm Comment from: G4Dualie

In the shadows stands the insurance companies who work quietly in the background guiding the conversation using proxies and good theater to peel away the curtains of privacy.

Without privacy there is no need for the crystal ball, or tea leaves, or actuary tables.

We should rename this country Monopoly and write the national anthem using Songsmith.

Jan 16, 09 - 01:59 pm Comment from: shawnpetriw

It's simple:

Tim Cook = iCEO => CEO.

There's your succession plan.

Jan 16, 09 - 02:42 pm Comment from: Viktor

Do they demand the same for Palm, Motorola, Microsoft, Dell, .. and so on???? All of them changed CEO and they notified the change the same day it occurred (Bill Gates changed his position to Chief Software architect with out warning).

Jan 16, 09 - 03:14 pm Comment from: Cubert

G4Dualie,
I'm always appalled that insurance companies can just walk into a hospital or doctor's office and look at the medical record of anyone who is on their plan. Not many people know this.

Jan 16, 09 - 06:12 pm Comment from: DFG

It is normal for a corporation to have a succession plan.
It is not normal for them to advertise it.
Cheap journos and fake analysts are not on the need-to-know list.

Jan 16, 09 - 07:55 pm Comment from: Register or Login

I wish someone at Apple PR had this clarity...

We don't fucking know. It's a private matter that he doesn't want to fucking discuss. Is that fucking clear enough?

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Thu, Mar 18, 2010 - 02:58 PM EDT — AAPL: 223.67 (-0.45, -0.2%) | NASDAQ: 2390.00 (+0.91, +0.04%)

Experts: Apple needs to provide greater clarity about Jobs’ health situation and succession plan

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Thu, Mar 18, 2010 - 02:58 PM EDT — AAPL: 223.67 (-0.45, -0.2%) | NASDAQ: 2390.00 (+0.91, +0.04%)

Experts: Apple needs to provide greater clarity about Jobs’ health situation and succession plan

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