nsane.forums Posted August 24, 2011 Share Posted August 24, 2011 Jobs says he'll stay on as chairman of the board, and recommends chief operating officer Tim Cook as his successor.Steve Jobs resigned this afternoon as CEO of Apple. In an eight-sentence letter to the Apple board of directors and "the Apple community," Jobs indicated that he "could no longer meet [his] duties and expectations as Apple's CEO." Jobs rarely makes the details of his medical conditions public. After he was diagnosed with pancreatic cancer in 2003, he had the tumor successfully removed and returned to work. But the tumor had apparently spread to his liver undetected. In 2009, doctors had to remove his liver and replace it with a transplant, during which Jobs took a 6 month sabbatical. He caused quite a stir when he took a medical leave from his position at Apple in January of this year, for undisclosed reasons. Some doctors speculated that the cause for Jobs' absence was either a recurrence of his pancreatic cancer or a complication with his liver transplant. Jobs turned 56 in February. Apple chief operating officer Tim Cook has filled in for him; Jobs, in his note, recommended Cook for the position permanently. Investors have traditionally speculated that the presence of Jobs is intertwined with the price of Apple stock. While Apple shares fell 2.25% the day after Jobs' leave of absence in January, Cook is well-esteemed in the apple community. During Jobs' six-month sabbatical in 2009, Cook oversaw a 60% increase in the price of Apple shares, for which the board of directors awarded him a $5 million bonus for outstanding performance. Cook has been a relatively outspoken COO, hinting at one time that Apple products were too expensive and criticizing Android tablets. Here's the full text of Jobs's letter. To the Apple Board of Directors and the Apple Community: I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know. Unfortunately, that day has come. I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee. As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple. I believe Apple's brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role. I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you. Steve View: Original Article Link to comment Share on other sites More sharing options...
Administrator DKT27 Posted August 24, 2011 Administrator Share Posted August 24, 2011 I guess Apple is now entering the "Post-Steve Jobs Era". :troll: Link to comment Share on other sites More sharing options...
toyo Posted August 24, 2011 Share Posted August 24, 2011 As he desired, Steve's new position is Chairman of the Board (so I heard). Link to comment Share on other sites More sharing options...
myidisbb Posted August 25, 2011 Share Posted August 25, 2011 thank god. this sob should been out years ago.hopely the stock holders of hp sue apple for that guy they planted in hpceo position. maybe now there to 3rd parties making apple machine like the brief time there was. Link to comment Share on other sites More sharing options...
Olexijl Posted August 25, 2011 Share Posted August 25, 2011 Really not interested if he goes or not. I hate their products. They sue everybody only because another products are better and sell better. See Samsung for now. Link to comment Share on other sites More sharing options...
mehamgul101 Posted August 27, 2011 Share Posted August 27, 2011 Well its a very very surprise news for me because he was doing a great job as the SEO of Apple and suddenly his leaving is question mark but i hope may be he will return back on his job . and thanks you have share this news with us in this forum Link to comment Share on other sites More sharing options...
arti2324 Posted September 28, 2011 Share Posted September 28, 2011 I think Steve Jobs is very sick, some of you've heard that he is very sick. I wish him return to health B) Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.