Steve Jobs: Silicon Valley's Babe Ruth (and Fortune's CEO of the decade)

Steve Jobs: Silicon Valley's Babe Ruth (and Fortune's CEO of the decade)

Summary: Love or hate Apple but you have to give Steve Jobs his due -- he has an amazing track record of success, and he's not done yet...

TOPICS: Apple, Banking, Legal

I wasn't that impressed when I first met Steve Jobs in the mid-80s. He was already hailed as a "visionary" but I just viewed him as being lucky - right place, right time.

It wasn't until he had come back to Apple and reinvented the company time and again, and taken risks and failed at some things that I began to appreciate his talents.

In Silicon Valley it is very rare to be able to continue being able to build new businesses and continue being successful. Steve Jobs has done that time and again. And he has built incredible shareholder value.

For example, the New York Post, Oct 21, 2009 reported:

shares of Apple soared to a new yearly high and helped Apple's market cap sail past search-engine giant Google for the first time, reaching $179.3 billion, vs. Google's market cap of $174.3 billion.

Money invested in Apple on the day of Google's IPO would have returned far more profit. And the company continues to beat Wall Street expectations nearly every quarter.

Do we have to mention Pixar? The studio hasn't had a single flop - what other movie studio can say that?

You might not like Apple's marketing or the legions of obnoxious fan boys, and you probably wouldn't enjoy working with Steve Jobs because of his notorious micro-management style but you have to give credit where credit is due. Steve Jobs is Silicon Valley's Babe Ruth - he continues to hit them out of the ball park.

Here is Chris Foresman at Ars Technica:

Not a bad list of accomplishments for a man that, despite a bout with cancer and a recent liver transplant, is still a decade away from retirement age.

Fortune Magazine writes:

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.

I'm looking forward to Steve Jobs next decade. There's still room on the scoreboard.

Topics: Apple, Banking, Legal

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  • What no comment by NonZ?

    I hope he/she is not ill or something:P

    Pagan jim
    James Quinn
    • NZ will show up at some point

      Unless he is on vacation.

      Or getting over the embarrassment of actually buying an Apple product.
      A MB Pro IIFC. :)
  • The P.T.Barnum of the Tech Industry...

    ...when is he going to cut the Chinamen that work for him in on the big cash flow?
    Feldwebel Wolfenstool
  • RE: Steve Jobs: Silicon Valley's Babe Ruth (and Fortune's CEO of the decade)

    Congrats to Steve.

  • 4 BILLION dollar launches in last 10 years

    For anyone who doubts Steve Jobs, how many people have LAUNCHED 4 BILLION dollars business lines just in the LAST 10 YEARS?

    Retail stores


    And the fact that when each of the 4 were launched*, at least 85% of people thought he/they were nuts and it would amount to nothing?

    How many billion dollar consumer launches have you or your company launched in the last 10 years?

    Or that each defied "conventional wisdom?"

    Mp3 players are toys - there's no real market.
    No one will pay for music online.
    No one wants a touchscreen phone.
    No manufacturer has set up a successful retail chain. It will fail for sure.
    No one will has launched an app store.

    You still doubt the man & the company?

    And of course, this does not even include the fact that they can sell personal computers at a real margin instead of 2% for the past 10 years + during the time of a huge recession when most other companies are cheered if sales ONLY drop 15% while Apple is up 35%?

    And not counting that he helped launch the Pc industry AND the CG animation industry.

    *Technically, iTunes was built upon a licensed app but it was just a music player.
  • RE: Steve Jobs: Silicon Valley's Babe Ruth (and Fortune's CEO of the decade

    Perfectionists and artists might not
    always be diplomatic but rest assured,
    he has no choice being a visual and a
    visionary. Ugly and bad ideas make
    such a person nauseous. Glad he is at
    the helm and I for one would get
    along well with him as Mr. Jobs has a
    wonderful eye and taste.He is much,
    much more of an artist than a geek
    and thus, some would not appreciate
    what he is about. Note, he seems to
    get along very well with his chief
    designer which collaborates just what
    I am saying.
  • IIRC, the last one was Jack Welch, who sacked 100000 GE jobs

    100000 GE people around the world were jobless and yet he got the title "the best CEO of the decade".

    Both Steve Jobs and Jack Welch are really the best though. There's no doubt about it.

    However, I'm just wondering if they included something like "moral" or "kindness" in the criterias?