Can Nvidia Pull A Tim Cook? Apple’s Post-Jobs Performance Offers Clues
Summary
Investors often panic when visionary leaders step down, causing an immediate drop in share prices. However, markets can quickly recover as buyers reassess the underlying business operations. Apple demonstrated this resilience when its stock stabilized rapidly following the resignation of its iconic co-founder.
When Steve Jobs resigned as Apple Inc‘s (NASDAQ:AAPL) CEO on Aug. 24, 2011, shares fell 5.22% in after-hours trading. But the initial shock proved short-lived. By the following day’s close, the iPhone company’s shares were down just 0.7%, as investors reassessed the company’s ability to operate without its iconic co-founder. Tim Cook, who had served as Apple’s chief operating officer…
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