Magazine article Risk Management

Jobs Opening

Magazine article Risk Management

Jobs Opening

Article excerpt

When Apple CEO Steve Jobs announced his retirement in August, the internet exploded as countless Apple fanboys wondered about the future of their beloved company. The unenviable task of replacing Jobs now falls to Tim Cook, who formerly served as Apple's COO. He certainly has his work cut out for him. During Jobs' 14-year tenure as CEO, Apple's stock has risen more than 9,000%, taking it from a tech start-up on the verge of bankruptcy to a firm that now vies with Exxon Mobil for the title of "most valuable company in the world." Perhaps more importantly, Jobs was the visionary behind such innovations as iTunes, iPods, iPhones and iPads that have not only changed markets but helped transform the way people interact. Talk about a tough act to follow.

Despite the size of the shoes he has to fill, it is unlikely that Apple will suffer with Cook at the helm. After all, he has been with the company for 13 years and even served as acting CEO during Jobs' medical leaves. …

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