Wednesday, October 5, 2011
the mastermind behind Apple's iPhone, iPad, iPod, iMac and iTunes, has died
His greatest love was for his wife, Laurene, and his family, Apple has lost a visionary and creative genius, and the world has lost an amazing human being. Steve leaves behind a company that only he could have built, and his spirit will forever be the foundation of Apple."
Jobs' Health and Apple's Health
Enigmatic and charismatic, Jobs said little about himself. But then his body began to fail him.
In 2004, he was forced to say publicly he had a rare form of pancreatic cancer. In 2009, it was revealed that he had quietly gone to a Memphis hospital for a liver transplant.
He took three medical leaves from Apple. He did not share details.
In 2009, sources said, members of Apple's board of directors had to persuade him to disclose more about his health as "a fiduciary issue," interwoven with the health of the company.
He was listed in March as 109th on the Forbes list of the world's billionaires, with a net worth of about $8.3 billion. After selling Pixar animation studios to The Walt Disney Company in 2006, he became a Disney board member and the company's largest shareholder. Disney is the parent company of ABC News.
Analysts said Apple performed well during Jobs' absence, partly because he was available for big decisions and partly because his chief lieutenant, Tim Cook, was the hands-on manager even when Jobs was there.
The company has a history of bouncing back. In January 2009, after he announced his second medical leave, Apple stock dropped to $78.20 per share. But it quickly recovered and became one of the most successful stocks on Wall Street. On one day in the summer of 2011, with the stock hitting the $400 level, Apple briefly passed ExxonMobil as the world's most valuable company.
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