Eyes on Jobs

Posted at 3:10 PM on September 9, 2009 by Bob Collins (3 Comments)
Filed under: Economy

There may be no company more dependent on the health of its CEO than Apple. Today, Steve Jobs appeared at a company event in San Francisco, his first appearance in one year to the day.

He unveiled new iPod Nanos with video cameras and lower prices, and iPod Touches with more storage.

But people were more focused on how Jobs looked. He's suffered from several health problems since revealing he had pancreatic cancer in 2004. He had a liver transplant last year.

For many pundits, however, there was rejoicing that he was on the stage at all. Investors, however, were not impressed, sending the stock price lower on fears that an Apple without Steve Jobs and his intellect is a different investment.

Here's a look at him at company appearances over the last decade and how the company's stock price performed the same day. The numbers have been adjusted to reflect stock splits and dividends.

January 5, 1999 - Up $.52

July 17, 2002 - Up $.33

September 10, 2002 - Down $.02

January 6, 2004 - Down $.04

October 12, 2005 - Down $2.24

September 9, 2008 - Down $6.24

September 9, 2009 - Down $1.79

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Comments (3)

I think Steve Jobs is "the example" of how you can justify the incomes that some CEOs make. He is so vital to Apple in terms of shaping the company's direction, actions, products, and just about every other factor that affects the stock price.

CEOs are no different than professional athletes. Some are way overpaid for doing a horrible job (Nick Punto's $4 M). Others are underpaid given how much they help the firm compete (Denard Span's $435 K). And then there are those like Steve Jobs who are highly talented and are worth every penny (M&M boys' combined $22.1 M).

Posted by Gorg Borg | September 9, 2009 9:25 PM

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Cute post, but in the 'modern' era of Apple (i.e. since the iPod became dominant and the Mac became cool) the stock always goes down on the day of Apple announcements...when all the gossip sites and tech 'analysts' (how can I get that job?) WAAYYY overshoot the specs of products.

Buy on rumor, sell on news

Posted by pbg | September 9, 2009 9:39 PM

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In my youth, my grandfather and his buddies would almost always respond to “How you doing?” with “Well, I’ve got my health.”

The change in Mr. Jobs appearance over the last 7 and 10, years is striking. He’s fortunate he has the financial resources for a liver transplant.

Posted by tiredboomer | September 10, 2009 3:41 PM

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