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Steve Jobs May Have Pancreas Removed After Cancer

Publication Date: 
January 15, 2009
Connie Guglielmo, Rochelle Garner and Jason Gale

Professor Joseph A. Grundfest is quoted in Bloomberg in a story about Steve Jobs' illness and its impact on Apple stocks. Bloomberg writes:

Apple Inc. Chief Executive Officer Steve Jobs could be facing surgery to remove his pancreas, doctors say.

Jobs said yesterday he’s taking a five-month leave of absence after discovering that his health problems are “more complex” than he thought last week. Apple, which has plunged after a succession of rumors about Jobs’s medical condition, dropped as much as 6.2 percent in Nasdaq trading.


Apple and Jobs may have made the disclosure last week in good faith, said Joe Grundfest, a professor of capital markets, corporate governance and securities litigation at Stanford University.

“Mr. Jobs has an unusual and complicated medical condition,” Grundfest said. “When conditions are complicated, physicians have difficulty making clear decisions.”