Steve Jobs to Step Down Temporarily as Apple's CEO for Health Reasons
http://tech.yahoo.com/news/pcworld/2...lth reasons_1
Apple Computer CEO Steve Jobs announced Wednesday that he will step down from his post temporarily while he deals with health issues. Jobs says he will return to Apple in June after recuperating from issues related to a hormone imbalance.
Jobs recently disclosed that his visible weight loss was due to the hormone imbalance.
In a letter Wednesday, Jobs wrote that "during the past week I have learned that my health-related issues are more complex than I originally thought".
Tim Cook, Jobs says, will be responsible for Apple's day to day operations. Cook is currently Apple's chief operating officer and oversees Apple's Mac division as well as its support services and supply chains. (Link view Cooks' full profile)
Jobs' health has had many Apple watchers anxious and asking what the future might have in store for the company should Jobs leave. The company's share prices have fluctuated over the past year influenced by rumors of Jobs' health and by public appearances where the iconic leader of Apple has looked gaunt.
Trading in Apple's stock was halted when news was announced Jobs would be stepping down. Apple stock lost 8 percent of its value before trading was stopped as investors reacted to the news.