New Money

Do Apple Shareholders Deserve to Know More About Steve Jobs' Health?

By Katy Marquardt

Posted: January 16, 2009

From the start, Apple's PR machine has been vague about Steve Jobs' health, first dismissing rumors, then releasing a letter from Jobs about a "hormonal imbalance" that even doctors are having a hard time deciphering. Now even after Jobs announced that his health problems are more complex than he originally thought--and that he's taking himself out of the limelight--Apple fans, bloggers, and shareholders are still hungry for information. Should they (we) lay off?

Mitch Wagner of the thoughtful Apple Unvarnished blog thinks so. He disagrees with this NYT blogger who says Jobs doesn't have the same right to privacy as regular people, being that he's "the most important person at one of the most high-profile companies in America."

Says Wagner: "Apple and Jobs have already done the right thing by investors...certainly, free speech permits journalists and bloggers to write about celebrities' private lives...but the celebrities are under no obligation to cooperate." (He asserts that Jobs became a celebrity when "he told busybodies to buzz off when they wanted to pry into his medical condition.")

I would argue that Steve Jobs was already a celebrity. That aside, Jobs is Apple. Obviously, many shareholders and company analysts believe Apple's future hangs in the balance, so the prying isn't going to let up anytime soon.

!!

Hope recent award of decade's CEO will help to recover from illness.

all notable tributes and quotes on Steve Jobs from peers: http://www.tributespaid.com/quotes-on/steve-jobs

Dawood @ Nov 10, 2009 13:58:07 PM

Steve Jobs

Naturally we all look at Steve Jobs as the visionary behind the Apple concept. Maybe it is time to leave the guy a little space and room for privacy. I am sure he has more issues to worry about and probably dislikes being constantly confronted in the media with questions about his health. He will return when he is ready for it and we all need to wish him a quick and sound recovery. Take your time Steve ... your 'fans' will welcome you back whenever YOU feel is the right time.

Cees WM Nieboer @ Jan 18, 2009 04:47:16 AM

We have nothing to fear...

I *so* agree with John's comment above. Hysteria over Jobs being Apple Personified hurts Apple unjustly -- and is a terrible dis to the good people who do amazingly creative work there. OK, sure, the company is more top-down than your average new media chaos. What this means is that they need someone really good to replace Jobs if he must leave on a more extended basis.

So, who is his lieutenant for his leave of absence? How will he/she do? I really believe that the press is overexerting their adrenals over Jobs' hormonals and it's making them ask the wrong questions.

Shava Nerad of MA @ Jan 16, 2009 13:52:52 PM

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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