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Apple’s CEO Takes Another Sick Leave

Steven Jobs is taking another medical leave of absence, 1.5 years after he returned after his kidney transplant.  It is not known how long he will be gone or if he will return.  In a brief message to his staff yesterday, Mr. Jobs said “I have great confidence that Tim (Tim Cook) and the rest …

Steven Jobs is taking another medical leave of absence, 1.5 years after he returned after his kidney transplant.  It is not known how long he will be gone or if he will return.  In a brief message to his staff yesterday, Mr. Jobs said “I have great confidence that Tim (Tim Cook) and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011”.  Mr. Jobs is known as a perfectionist and demanding taskmaster who gets involved in the minute details of his company’s products and marketing.  It remains to be seen how strong a management bench he has developed and how dependent the company is on his unique personality and skills.  Apple’s stock was down over 7% in pre-market trading this morning.

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