How much is a good CEO worth?

StevieJ

That Job guy, obviously quite a lot, the financial headlines seem quite negative with the news, capped by this :eek:

Steve Jobs’s decision to step down as chief executive officer erased as much as $52 billion from the benchmark gauge for U.S. stocks, futures trading shows.

Puts Ronaldo's transfer fee in perspective

http://www.bloomberg.com/news/2011-08-25/jobs-decision-to-resign-erases-52-billion-from-s-p-500-as-apple-tumbles.html

Mr_Mumble

"as much as" . Need Jeff Capes to throw a barrel of salt over ones shoulder with this story. ARM and Imagination Technologies are currently up despite the FTSE-100 being flat. Apple is now down 2.3% in pre-market trade with the S&P 500 off 0.1%.

Loughton_Monkey

I once left a 'Blue Chip' company.

When I went, I stole a stapler from them. So this certainly erased some value from that company. The only difference is that the stapler was (I think) valued at less than $53 billion.

All I can assume, therefore, is that Job has stolen something a bit more valuable than a stapler.

bengalknights

Loughton_Monkey wrote: »

I once left a 'Blue Chip' company.

When I went, I stole a stapler from them. So this certainly erased some value from that company. The only difference is that the stapler was (I think) valued at less than $53 billion.

All I can assume, therefore, is that Job has stolen something a bit more valuable than a stapler.

Patents maybe? lol

Thrugelmir

The enterprise value of Apple is still around $320 billion based on a multiplier of 15.5 EBITA.

High when compared to Google at 11.5 and Microsoft at 5.5.

Jobs was the driver behind why Apple is was it is today.

vivatifosi

Thrugelmir wrote: »

Jobs was the driver behind why Apple is was it is today.

I'm not convinced they would have got there without the design brilliance of Jonathan Ive. At least he'll still be with the company AIUI.

chris_m

vivatifosi wrote: »

I'm not convinced they would have got there without the design brilliance of Jonathan Ive.

As it's Apple, shouldn't that be Jonathan iVe ??

:rotfl::rotfl::rotfl:

Thrugelmir

vivatifosi wrote: »

I'm not convinced they would have got there without the design brilliance of Jonathan Ive. At least he'll still be with the company AIUI.

A short tale.

One Sunday morning in 2008, Vic Gundotra, a senior executive at Google, received a message from Steve Jobs, asking him to call him at home immediately. “So, Vic,” said Jobs, “we have an urgent issue, one that I need addressed right away. I’ve already assigned someone from my team to help you, and I hope you can fix this tomorrow.” What was this critical problem, so important that it was disrupting the weekend of two of the most important men in Silicon Valley? “I’ve been looking at the Google logo on the iPhone,” said the man from Apple, “and I’m not happy with the icon. The second 'O’ in Google doesn’t have the right yellow gradient. It’s just wrong and I’m going to have Greg fix it tomorrow. Is that okay with you?”
It might seem beneath the dignity of a chief executive – let alone the co-founder of one of America’s most successful companies – to let such a trifling matter intrude into his leisure time. But it is an anecdote that reveals what makes Steve Jobs such a unique, and uniquely lionised, figure. It is this attention to detail, this fanatical preoccupation with aesthetics, that has turned the head of Apple into the world’s first auteur chief executive, the creative titan behind the coolest, most lucrative and most desirable devices on the planet

IronWolf

Thrugelmir wrote: »

The enterprise value of Apple is still around $320 billion based on a multiplier of 15.5 EBITA.

High when compared to Google at 11.5 and Microsoft at 5.5.

Jobs was the driver behind why Apple is was it is today.

Oh no, never base value on EBITA!

Microsoft is indeed quite cheap though, if Bill Gates was still running it I would invest in a heartbeat. As it is I think their products are inferior to Googles and without Gates cut throat business flair its a bit too uncertain a future to me.

Thrugelmir

IronWolf wrote: »

Oh no, never base value on EBITA!

Its a useful measurement in comparing Companies in the same sector.

I should add that I consider Apple very highly priced. So it has to continue rolling out innovative product.

IronWolf

Thrugelmir wrote: »

Its a useful measurement in comparing Companies in the same sector.

I should add that I consider Apple very highly priced. So it has to continue rolling out innovative product.

I suppose it has its uses comparing how efficient they are, but with these companies the most important thing is innovative, useful, patent protected products rather than pricing. Apple have proved that you don't have to be low priced and efficient to attract market share