Before Jobs, Sam Walton and Bill Gates took exits
Apple chief executive Steve Jobs holds the new iPhone 4 during the Apple Worldwide Developers Conference in San Francisco. On Aug. 24, 2011, Apple said Jobs is resigning as chief executive, effective immediately. (June 7, 2010) Credit: AP
As chief executives, Sam Walton, Bill Gates and Steve Jobs possessed common traits. Their companies also faced similar challenges when their iconic leaders left the helm.
Wal-Mart, post Walton, has grown while carrying on with many of his traditions, including the hokey Wal-Mart cheer. Microsoft carefully orchestrated Gates’ departure over a two-year period to dampen the shock, but has since struggled to innovate. And now Apple is grappling with how to continue without Jobs, who after battling with health issues announced Wednesday he would step down and Tim Cook would run the company.
How Apple will fare without Jobs remains to be seen. But companies like Microsoft and Wal-Mart can provide some clues.
Out East Show: Shrine of Our Lady of the Island, Browder's Birds & Sheep Shearing, and Bennett Shellfish in Montauk NewsdayTV's Doug Geed takes you to a few special places 'Out East'
Out East Show: Shrine of Our Lady of the Island, Browder's Birds & Sheep Shearing, and Bennett Shellfish in Montauk NewsdayTV's Doug Geed takes you to a few special places 'Out East'
