Steve Jobs too much of a control freak not to have succession plan
(NEWSER) - Ever since Steve Jobs took his medical leave of absence, Apple stock has been criminally underpriced, argues Eric Jackson of Bloomberg . “That assertion may seem absurd,” he allows, given that Apple’s market value is second only to Exxon Mobil’s, but “it should be much higher,” given the company’s astounding 134% average annual earnings growth. It’s trading relatively low purely because people “see Jobs like some sort of shaman, impossible to replace.” More»
