Steve Jobs has survived pancreatic cancer and has had a liver transplant, and yesterday, he told the world that he would be taking his second medical leave in two years. Of course, everyone's first reaction is in regards to the safety of Apple's stranglehold on the world, but I think it's safe to say that they'll be just fine. The announcement came on MLK Day, so the markets were closed. But Apple's stock price did take a minuscule 4.4% dive this morning.
In a note to employees, Jobs said he will continue as CEO and will be involved in major decisions. Chief Operating Officer Tim Cook will be responsible for all day-to-day operations.
The interesting piece about Apple is that Jobs holds an almost iconic, and cult like position. Considering his hand in the Apple revival of the last decade or so, it's not hard to understand why. However, so much of the public investor's confidence seems to rest on his announcements and public persona. Honestly, I have zero concern about the well-being of Apple. But the average American investor is fickle, so we'll see how it plays out.
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