“Miracle” is imprecise. How about this definition: A company is “done” when the probability of its success falls below the probability of a startup in the same

“Miracle” is imprecise. How about this definition: A company is “done” when the probability of its success falls below the probability of a startup in the same space succeeding. Apple was “done” in that sense before Steve Jobs returned. he did turn it around, and RIM could be turned around, but as a business exercise, the optimal strategy is to extract as much value as you can for as long as you can rather than try to hit another home run. True, you could always hope for a visionary CEO with the credibility and skills to do something productive with what you have, but that isn’t the way to bet.