Jobs Absences Failed to Hinder Apple Rallies: Chart of the Day
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Apple Inc. Chief Executive Officer Steve Jobs’ medical absences have done nothing to halt past advances in the company’s shares.
The CHART OF THE DAY shows that during his leave from August to October 2004, the shares jumped 26 percent, compared with a 0.6 increase in the Standard & Poor’s 500 Index, data compiled by Bloomberg show. When he took time off from January to June 2009, Apple climbed 66 percent, compared with 10 percent for the benchmark index for American equities, the data show.