Steve Jobs Takes Medical Leave; AAPL Down 7%
Most companies envy the strength of the Apple and Steve Jobs brands. Because the two are so closely linked, though, bad health for one creates bad health for the other. From SAI:
“Apple (AAPL) CEO Steve Jobs will take a medical leave of absence until the end of June. Apple COO Tim Cook will take over for Steve until then. Apple shares are down about 7% in after-hours trading.”
Martha Stewart’s crisis, a few years back, was moral and legal rather than physical, but her company’s stock suffered right along with her, too. Allegations of her insider trading broke in 2002 (first arrow), and she was order to serve some jail time in mid 2004 (second arrow).