Steve Jobs resigns as Apple CEO (1 Viewer)

[Rafy]

http://blogs.wsj.com/deals/2011/08/24/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.

 

[Arcorn]

He's still going to run the company. It will go under if he doesn't.

 

[Dr_Fresh]

they will still listen to him even if hes not CEO.

 

[iRuler]

Saw the news this morning and then checked the share prices, were down like 5.2% or something a few hours ago... Clearly he's the one who "is" the company, and he'll keep controlling it, just that he won't be working around the clock.

 

[Lolsmith]

I know if I had [an undisclosed illness] I'd want to be running one of the biggest companies in the world instead of getting better