Steve Jobs Couldn't Care Less About You

The Motley Fool ^ | 11/11/2009 | Rich Greifner

[Blue Highway]

Looks like I may get back in for some AAPL shares... to short!

[Terpfen]

Hit piece alert. I wonder if Steve parked in the author’s reserved spot one day.

[Uncle Miltie]

I’d still kill for his interface design team and marketing department.

[Carley]

Success must be punished.

This jackass is all wee wee-ed up fer shur.

[StolarStorm]

This is absurd. With 23 billion in cash Jobs has easily outperformed almost all his high paid peers. And keeping the cash horde in cash (even at 1.7%) is pretty smart when you consider the craziness of the market the last few years.

He may well be a jerk, but he has done an incredible job at Apple and unlike most CEO's of fortune 500 companies, he's earned his pay.

[ColdSteelTalon]

Hey Apple makes a rock slid PC !!! I own one and will own another when the time comes.

[Swordmaker]

Looks like I may get back in for some AAPL shares... to short!

This a repeat of a pattern. I think someone HAS bought the short end and this article is intended to help profit those buyers.

[Blue Highway]

I didn’t buy AAPL during it’s 80 to 200 rise, but like all things, what goes up must come down. Don’t forget that.

[MediaMole]

It’s obvious what Apple should do.

1. Fire Jobs and hire a Harvard MBA to run the company. Harvard MBAs never make any mistakes.

2. Leverage the company to a level of 15 times earnings. Use the money to buy random web properties with no clear strategy.

3. Abandon profitable, unique, high-end products and make the same plastic junk everyone else does.

That’ll really enhance shareholder value.

[Vermont Lt]

At an average cost per share of about twenty seven bucks, I appreciate Jobs efforts. He may be a jerk to others, but he’s treated me well.

[nascarnation]

Is Jobs a Baraqqi?
Or was he too sick during the election to even voice an opinion?

[Jim from C-Town]

The point about the cash on hand is more than valid. A 1.7% return is a laughter I wouldn't accept that on any of my investments. CD’s pay better than that.

With that much cash on hand, they owe the owners of the company a dividend, or return on their investment. People invest in stocks not only for asset increase but also for a cash return and dividend payment. If Apple has that much cash on hand they are steeling from the owners of the company, the stock holders, by not giving them a dividend

[stylin19a]

In the mid-late 90’s, Apple was dying until it got propped up by Bill Gates.

[ROTB]

Your tagline has spunk!

[Mr. Blonde]

On the first point isn’t his salary still $1 a year? Seems like even when getting favorable buys he is still paid mostly on the success of the company.

[politicket]

Don't underestimate the earnings potential of a company with no debt, a savvy CEO, and a cult-like following.

Shorting Apple would be foolish.

[MASS-2 FAC]

I work in Silicon Valley and have for many years. In the early 80’s a friend of mine set a lunch meeting with Jobs at a TGI Friday resturant. We spent about 90 minutes with him. I wanted to just get up and walk out of the meeting. The entire time, Job’s had to be the one that was speaking. Every sentence he said started with “I” or “Me”. I was so sick of him I never wanted in the same room with him again.

Don’t forget, also in the early 90’s (I don’t remember the exact time), the Apple Board fired Job’s and he went off to Palo Alto to start a competing platform to Apple. The Apple Board hired Gil Amelio to run Apple and also get their product strategy back on track. Gil couldn’t manage the engineers because they were all a bunch of whiners. They wanted Jobs back. Gil made a major mistake and brought Jobs back to consult (placate the engineers). Job’s stabbed Gil in the back and convinced the Boaard to fire Gil and he would run the company. Gil ended up as a VC in San Francisco. Steve Jobs is for Steve Jobs. From all I read in the traade press about him, he hass not changed in the past 30 years. Semper Fi

[SamAdams76]

Bring back John Sculley!

[Blue Highway]

I’m surprised Jobs hasn’t trademarked the black mock turtlenecks and started selling them complete with Apple logos for a mere $249. Then there can be this master plan of all his minions wearing black turtlenecks looking like uber dorks as Jobs’ cloned drones.

[Mr. Blonde]

Didn’t they also bring Jobs back because they had just purchased his new company?

And I’m sure it was all Steve Jobs doing that Gil Amelio was fired and not the fact that the company had a 12 year low stock price.