Thursday, February 24, 2011

Who will be Steve Jobs successor?

With Steve Jobs recent departure from Apple for his third bout with serious health issues, it's raised concerns among share holders on who will maintain the course.

Indications are pointing towards Phil Schiller. His name has been bandied about as far back as three years ago in a Fortune article.

In the latest departure, Apple has again picked Tim Cook, the company's chief operating officer, to step into Mr Jobs's shoes. The company awarded Mr Cook $59.1m in pay last year, including a bonus for running Apple during Mr Jobs's medical leave in 2009.

Besides the issue of succession, Mr Cook will also face questions over the next product Apple is planning. Mr Cook, who has been with Apple since 1998, told analysts last month that he is very confident about the company's product pipeline. It has been reported that the company is planning to unveil a new version of the iPad at an event in San Francisco next week.

Source (The Telegraph - UK)

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