From the pinnacles of power by Fortune editor at large Patricia Sellers
Type Size  -  +
January 5, 2009, 3:46 pm

Power Point: Understand Jobs’ job

“I think that people overstate that [Steve] Jobs designs every single product and every single piece of software. What [Jobs] has done is put the DNA in the company.”

– Daniel Ernst, analyst for Hudson Square Research, to CNNMoney.com in reaction to today’s news that Jobs’s alarming weight loss is likely due to a hormone imbalance. Actually, Apple’s (AAPL) CEO explained his job to Fortune this way in March, 2008: “My job is to not be easy on people. My job is to make them better. My job is to pull things together from different parts of the company and clear the ways and get the resources for the key projects. And to take these great people we have and to push them and make them even better, coming up with more aggressive visions of how it could be.”

It turns out that the rumor posted on gizmodo was pretty acurate – including the mention of some kind of conclusion to the drama in spring which Jobs also mentons in his letter. There are multiple ways to interpret the connection between the two. The worst of which, which is implied by the Wall Street Journal today, is a recurence with a terminus, which would also explain the surgery Jobs admitted having earlier in 2008. Hopefully, there is no cancer. Another explanation is that his health is declining but there may be a turn around. Even if the later is true, I wouldnt rule out retirement by the end of 2009. I’m still long on aapl but you mistakingly down play Job’s irreplaceable genious. I question also his choice in leadership since he was fired from Apple by one of his own choices.

Posted By Buffeted, Berlin Germany : January 5, 2009 4:44 pm

For months now, people have been yammering about Steve Jobs’ health. Partly on the (now disproven) basis of the imminent death of Jobs, and partly on the the (soon to be disproven) conviction that Apple’s growth would be seriously curtailed as a result of the recession, the stock has been “herded” by short-sellers into a 50% drop in value.

But even a modicum of reason would have given the lie to both these overblown fears. The reality is (1) that Apple will come out of this recession in far better condition than its competitors, and (2) that Apple’s creative spark is not dependent on Steve Jobs for existence, merely enhanced.

Posted By Sacto Joe, Sacramento, CA : January 5, 2009 4:28 pm

Damn straight.

I think that Steve’s Third Act may end up being his most impressive. That’s the one in which builds the team that can keep it going.

By the way, what Steve says here is a paraphrasing of the 3 simple things that leaders do: (1) setting expectations; (2) providing feedback; (3) getting resources. I don’t care whether you’re General Patton or Steve Jobs, that’s all you need to do.

Posted By TimboM, Madison, WI : January 5, 2009 4:03 pm
CNNMoney.com Comment Policy: CNNMoney.com encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNNMoney.com may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain respectful of other authors and commenters. By submitting your comment, you hereby give CNNMoney.com the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying information via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNNMoney.com Privacy Statement.
Sheryl Sandberg Sheryl Sandberg: Don't leave before you leave
COO of Facebook
Marlo Thomas Marlo Thomas: Why she gives to kids in need
National outreach director, St. Jude Children's Research Hospital
Carol Bartz Carol Bartz: Just deal with it!
CEO of Yahoo
From CEO to candidateFormer eBay boss Meg Whitman talks about her plans for California. Watch
Paula Deen's American dreamRestaurant entrepreneur and Food Network star shares her life story. Watch
Pattie SellersPatricia Sellers has written some of Fortune's most talked-about cover stories, including "Can Meg Whitman Save California?", Melinda Gates ("The $100 Billion Woman"), "MySpace Cowboys," Martha Stewart ("I cannot be destroyed"), Ted Turner ("Gone with the Wind") and Oprah Winfrey ("Oprah Inc."). And she has broken ground with insightful pieces on career management issues such as ego ("Get Over Yourself!"), and "Charisma: Do You Need It? Can You Get It?" Pattie chairs the annual Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business, philanthropy, government, academia, and the arts. And she has helped oversee Fortune's "Most Powerful Women in Business" cover package since its launch in 1998. She started at Fortune in 1984, covering the big consumer brand companies.
Subscribe to Postcards: RSS feed | email newsletter

Every year Fortune and the U.S. State Department sponsor the Global Women Leaders Mentoring Partnership, which brings rising-star women from developing countries to the U.S. to work closely with participants of the annual Fortune Most Powerful Women Summit - among them CEOs Andrea Jung of Avon, Ann Moore of Time Inc., and Ursula Burns of Xerox.
* : Time reflects local markets trading time.† - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges.• Disclaimer
Powered by WordPress.com VIP.