BREAKING NEWS: Steve Jobs Resigns as Apple CEO
 

PRESS RELEASE: Letter from Steve Jobs

August 24, 2011?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.

http://blogs.wsj.com/deals/2011/08/2...as-apple-ceo/#

It's a start.

Down over 5% in after hours trading so looks like most think it is a sell

ive never bought a apple ever. good for him

Wow - it is true. He left them one of the most dominant firms in the world with 80b cash. There is no other visionary in the industry.

Craziness

Stock is going to tumble.

translation: i am very sick and unlikely to be able to return, and potentially i will die soon enough. i dont want to pass away and cause the company stress, so lets do this part first and then i can go in peace.

doesn't he have some health problems? maybe that's why....

I'm wondering what this means for his little side project, Pixar. Will he still be involved with that? Disney watchers, take note.

Also, the big breakout that's been simmering for a while and waiting for a moment like this is Nokia. They potentially have the largest content distribution network on the planet, but they've barely been tapping it and getting bitchslapped by Apple on the smartphone front. If they can get off their butts and produce a decent smartphone, buy, buy, buy, mortgage the house to buy their stock.

This news aligned with their new product, the iQuit.

hahahaha ..... Damn!

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I'm not sure what involvement he has since Disney bought Pixar about 5 years ago now. Last I knew, he was a Disney board member.

He's a brilliant man i hope he gets well :Oh crap

he'll be dead in a couple days. if he's not dead already. maybe they can never admit he died like arafat.

Figures, I just picked up a few shares last week. Might have to get a few more now.

down 5.3% after news

Madness....

Cook has been running the company since January and Apple's been just fine. Jobs will still be chairman, director and employee.

he has been dying for a long time now. for someone of that ego to admit he is not well means he will be dead any day now . like jack layton.

Anyone who knows anything about Tim Cook knows he's about as close to a replication of Steve Jobs as you could hope for, he's probably the best person that Apple could hope for to have at the helm in the absence of Steve Jobs being there.

I actually think the refresh will be a good thing for Apple, as Apple does have quite a roadmap based on it's existing products. The main thing Steve Jobs did in his most recent stint at Apple since the NeXT merger was to develop a company philosophy and maturity that had been lacking, even before Jobs was ousted.

Nobody can stay at a company forever, people do get sick , people do die, however the past 12 years or so Apple has worked very hard to build the foundations of what will be medium term success in the future. The only risk I see is that the board fuck up and oust Tim at some time in the future - which I don't see happening anytime soon.