Apple’s board is faced with some important decisions in the aftermath of Steve Jobs’ passing on Wednesday.
The company has had plenty of time to prepare for Jobs’ departure. Now the company’s board is forced to move on without the trusted guidance of their company’s leader.
“Apple directors include heavy hitters, but they were seen offering advice to the chief executive rather than overseeing Jobs, who was known for persuading people to see things his way,” explains Reuters.
Right now one of the questions facing Apple is who will replace Jobs as Chairman. Previously the company had no chairman and only co-lead directors, says Reuters, however in the wake of Jobs’ passing the position suddenly seems more necessary.
“A new, independent chairman also could help the company retain investor support, examine decisions and help Apple keep its edge in the hyper-competitive electronics business.”
According to analysts, Apple Chief Executive Tim Cook is the most likely candidate for Chairman but has too much on his plate at the moment to take on the position. So will an Apple executive step up to take on the role or will the board bring in an outsider?
Whatever Apple’s decision, the world is watching and prepared to mercilessly judge the competence of the board’s decision on “the new guy.” Investor confidence is very much at stake.
Interested in investing in Apple or simply learning more about the company’s performance?
To help you get started, we launched the Compar-O-Matic, and compared Apple’s analyst rating against competitors. As you can see, Wall Street analysts are still optimistic on Apple’s outlook:
As the Turbo Chart shows, the company is outpacing the S&P 500 index (at the time of writing):
(By Rebecca Lipman)