Word: ceo
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...than $2 billion - investors are worried about worsening loan losses across the banking sector and also about Citi's ability to get decent prices on any other asset sales. Even JPMorgan Chase, which reported a small fourth-quarter profit of $702 million, was the bearer of troubling news, as CEO Jamie Dimon spoke of more hard times to come. "The worst of the economic situation is not yet behind us," he said, noting that the bank's most worrisome businesses going forward are consumer loans and credit cards. (See pictures of scared traders...
Many have been very concerned over Jobs' health. The accusations have been rampant, and now it seems that all of the worst fears over this great CEO leader's health are at least now partially realized...
Unfortunately, this is only going to draw more fire on the company over its disclosure. Unfortunately, when you have a top CEO like this facing dire health conditions, the duties of the company default to its shareholders rather than to a star CEO such as Jobs. You can bet that critics will be out today or tomorrow already doubting whether or Jobs will return to work in June...
...Apple CEO Steve Jobs, who's been battling pancreatic cancer for the past four years, said this afternoon that he's taking a medical leave of absence until June. Apple shareholders, who've been given three different stories about Jobs's health during the past week, now no longer know what to believe, and hit the SELL button. In after hours trading the stock plunged 10% before rebounding slightly...
...While Jobs's email appeared to shock shareholders, it did not surprise long-time Jobs watchers. The CEO is known for dissembling, perhaps as a tactic to mislead his competitors in the highly secretive and volatile consumer tech industry. In 2005, months before unveiling a video-playing iPod, for instance, he was routinely telling the press that he had no plans to build such a device. And on the eve of Macworld, according to a source, Jobs was maintaining that he'd be making a surprise appearance at the trade show. He did not show up, however...