Investor Dumps Apple Stock Because Steve Jobs Was A ‘Really Awful’ Person


You're *just now* figuring this out?
You're *just now* figuring this out?

File this one under, “huh?”

CNBC reported Monday that billionaire hedge-fund investor Julian Robertson sold all of his shares in Apple because he’d recently read a biography of founder Steve Jobs, and found the former CEO of Apple to be a “really awful person.”

Robertson admits that the stock did very well for him, but would rather “let someone else make the money from now on,” as he said on CNBC’s investment show, Closing Bell.

While it’s not mentioned which biography Robertson read, it caused a crisis of consciousness, of sorts, for the one percenter.

“I came to the conclusion that it was unlikely that a man as really awful as I think that Steve Jobs was, could possibly create a great company for the long term,” he said. “I just don’t believe bad guys do well in the long run.”

In an interesting twist of logic, Robertson also said that were Steve Jobs still alive, he’d still be an Apple investor.

“There’s no question that—and I think if he were still there, I’d still be in it,” said Robertson. “I think he’s one of the great geniuses of the world. But—he’s not the kind of guy I think that would develop a long-standing company.”

Wild, right? While I can see not wanting to invest in a company for ethical or moral reasons, I’m not sure Apple qualifies as exceptionally unethical or evil, as corporations go. The Cupertino-based tech company has been involved in making its flagship devices more environmentally friendly, and has even made some steps to help improve labor conditions for Chinese factory workers involved in making iPhones.

Sure, Steve Jobs could, by all accounts, be fairly awful, but Apple isn’t Steve Jobs. The company employs thousands of people across the globe, and is headed up by one of the nicer dudes in the corporate scene, Tim Cook. Surely that’s a good enough reason to keep hold of stock that is doing well enough, right?

Julian Robertson disagrees, and has the billions of dollars to prove his ability. It’s way more than I have.

Source: CNBC
Via: Mac Daily News
Image: Business Insider

  • Gadget

    If you’re looking for squeaky clean people or companies to invest in, you’ll end up putting all your money under your mattress……even then…

  • Gadget

    If you’re looking for squeaky clean people or companies to invest in, you’ll end up putting all your money under your mattress……even then…

  • Gadget

    Steve who built Apple is evil so I’m not going to invest in Apple…….but if Steve was still there, I would probably still be invested in Apple. How are morons like this able to make money with such a wishy-washy mindset? Daddy must have done well in the cotton or oil fields.

  • ctt1wbw

    Steve Jobs had every right to be how he wanted while at Apple. He was one third of the creative force behind the company. It was his company.

  • darylayala

    If you want a company to run like his, you may wish to love his ways. It’s proven to be successful.

  • CO2Insanity

    Sounds like it may be time for an Alzheimer’s checkup…

  • CrazedLeper

    If he’s going to use morality to determine his investments, he’s definitely going to go broke.

  • aardman

    Senile old bat.

  • barleymcgrew

    Well some people use whatever reason they can to make them feel good about a lousy business decision. If it floats his boat then let him. LOL

  • MrsCleaver

    F’ him. Since he’s obviously an android already, let him use one in good health.

  • Junaidkureshi

    opportunist bastered