Whenever there’s a change in the CEO position, there’s the potential for big changes in how a company is run. And that can put investors on edge, especially for a business that’s been doing well.
Apple (AAPL) is one of the most valuable companies in the world, with a market cap of around $4 trillion. Despite its already large value, the stock has more than doubled in just the past five years, even though it hasn’t exactly been leading the tech sector with cutting-edge innovations.
CEO Tim Cook has done a fantastic job of growing the business. Recently, however, he announced he would be stepping down. Is this bad news for the stock?
This post originally appeared at The Motley Fool.