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Why is Apple stock so tied into Steve Jobs's health?

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bif Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 09:53 AM
Original message
Why is Apple stock so tied into Steve Jobs's health?
Edited on Fri Jan-16-09 09:53 AM by bif
I know the man is a genius, but every time they announce something about his health, the stock tanks. I just don't get it.
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redqueen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 09:54 AM
Response to Original message
1. I was going to say "because too many investors are clueless morons"...
Edited on Fri Jan-16-09 09:55 AM by redqueen
but then I thought maybe there's some good reason, and I'm the clueless moron on this one.

:shrug:
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DarkTirade Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 10:02 AM
Response to Original message
2. Because he's their front man.
He's like the lead singer. It doesn't matter how talented the rest of the band is. If the lead singer can't perform, nobody wants to buy tickets.
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seemunkee Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 10:02 AM
Response to Original message
3. because its a cult
That happens to have some good tech.
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MrCoffee Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 10:05 AM
Response to Reply #3
4. +1
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pokerfan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 10:11 AM
Response to Reply #4
5. +2
but at least they aren't as bad as Linux users.

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meegbear Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 10:15 AM
Response to Reply #5
6. +3
give me an IBM AS400 and I'll rule the world.
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Dora Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 10:17 AM
Response to Reply #3
7. Indeed. He's seen as a saviour, but with reason.

He left Apple then returned to pull it out of the mire. And it worked.
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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 10:25 AM
Response to Original message
8. He built the company, then left and it tanked
he returns and it once more prospers. Investors fear history will repeat itself.
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DS1 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 10:30 AM
Response to Reply #8
9. this time Wozniak isn't around to stab in the back
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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 10:46 AM
Response to Reply #9
11. What did he do to stab them in the back?
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DS1 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 10:57 AM
Response to Reply #11
13. For starters Jobs told Woz that their first major sale was
Edited on Fri Jan-16-09 10:58 AM by DS1
about 1/10th its real price, and kept the difference of the half for himself.
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redqueen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 01:06 PM
Response to Reply #13
18. What a shitty thing to do.
x(
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tigereye Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 10:33 AM
Response to Original message
10. are you serious? Jobs IS Apple, despite all the changes in the past
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supernova Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 10:47 AM
Response to Reply #10
12. So, Jobs is the male Martha Stewart?
:shrug:
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tigereye Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 05:10 PM
Response to Reply #12
19. no. It's a geek thing. My husband says that it's Job's "reality distortion
Edited on Fri Jan-16-09 05:11 PM by tigereye
field."

He is the face of Apple- but actually the other Steve, Steve Wozniak, was the hardware guy and apparently quite a bit nicer. Some would argue that Jobs is simply the most charismatic of salesmen, who manages to convince everyone that Apple is gold and everything that they design is magical. Granted, the design of their products are lovely and they really think through many aspects of the user interface, more than pretty much any other company does. I mean the I phone is an incredible device and Macs are great to use.

But some say Jobs is worse than Bill Gates...and pretty much a jerk to work for.

To take the celebrity analogy further, I guess you could say that to some, Jobs is like Einstein, or PT Barnum! :rofl: :shrug:



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siligut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 11:03 AM
Response to Original message
14. There is also a school of investing that looks for a charismatic CEO/COO
P/E ratio, cash solvency, dividends and a charismatic leader.
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Fire Walk With Me Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 12:31 PM
Response to Original message
15. As a safety precaution in this cutthroat corporate world
he's had his iPacemaker tied in to Apple stock, so that if anyone attempts to assassinate him to gain control of Apple, the company will fail.

Brilliant.
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Phillycat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 12:40 PM
Response to Original message
16. He has all the good ideas.
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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 01:02 PM
Response to Original message
17. Because when he is at the helm Apple is really innovative and does well. When
he has quit and gone off to do other things Apple falls apart and sales plummet.
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