That’s the essence of the announcement made by Steve Jobs on August 24, 2011 when he officially relinquished his post as Apple Inc.’s Chief Executive Officer (CEO). As he steps down, we look back at the plethora of achievements that Jobs scored for the tech company during the past fourteen years that he was CEO.
Here are three of Jobs’ best achievements as Apple CEO with regard to the Apple stock (AAPL).
Achievement #1: Under Jobs’ helm, the Apple stock (NASDAQ: AAPL) skyrocketed in price from $5 in September 1997 after Jobs was officially appointed as interim CEO to around $376 on the day of his resignation. That translates to a total price growth of 7,420% during the 14-year period or a compounded annual growth rate (CAGR) of 36.15%. So if you invested $1,000 back in 1997, this is now worth a whopping $75,200.