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Fortune
Fortune
Sydney Lake

Steve Jobs didn’t take Warren Buffett’s financial advice to buy back Apple stock, and it says a lot about his leadership style

Warren Buffett Steve Jobs Apple IBM Berkshire Hathaway
Steve Jobs at Macworld in 2008 (Credit: Getty Images—David Paul Morris)
  • Steve Jobs before his death spoke with Warren Buffett about what to do with Apple’s extra cash on hand, but didn’t take his advice. Buffett suggested that Jobs buy back Apple stock, but Jobs “just liked having the cash.” Buffett had suggested Jobs do this because he thought Apple stock was undervalued.

Steve Jobs, one of the late greats, would have been 70 years old today. The former CEO and cofounder of Apple is revered for bringing to life one of the most successful tech companies in history, but he also had a will to do things his own way.

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