Fortune Magazine names Steve Jobs CEO of the Decade
Fortune Magazine has named Steve Jobs the CEO of the decade, and it’s a pretty fitting title really, the guy is a powerhouse. Nearly 10 years ago Apple was struggling to find their place in the technology world, there were rumors of collapse and impending bankruptcy or buyouts, the first release of Mac OS X (10.0) was a slow cumbersome dud, and they had just entered an extremely crowded MP3 player market with a seemingly overpriced product with a weird name, the iPod. Apple stock at the time was right around $7. Now fast forward to today, where the iPod is the only MP3 player people talk about, the iPhone is taking over the cellular world, and Apple’s market capitalization is greater than Google’s, with their stock sitting comfortably at $193. CEO of the decade? After pulling all that off, that might be an understatement.
Here’s the readers digest version as to why they think Steve Jobs is so remarkable, summarized in the articles first paragraph:
Youthful founder gets booted from his company in the 1980s, returns in the 1990s, and in the following decade survives two brushes with death, one securities-law scandal, an also-ran product lineup, and his own often unpleasant demeanor to become the dominant personality in four distinct industries, a billionaire many times over, and CEO of the most valuable company in Silicon Valley.
As a longtime Apple fan I think the article leaves out some of the other obvious and important contributions, but I can’t argue with much of what they do cite. If you’re a part of the Cult of Jobs, or just a fan of Apple, the Fortune article is worth a read: