Thursday, 25 August 2011

Steve Jobs Resigns


Apple's Steve Jobs has resigned as chief executive of the software giant stating that he could no longer meet his chief executive's duties and expectations. Leaving behind a healthy company to his successor. The announcement did not came as a surprise since the 55-year-old has been on medical leave for an undisclosed period since 17 January.
"I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's chief executive, I would be the first to let you know. 
"Unfortunately, that day has come. I hereby resign as chief executive of Apple." - Steve Jobs letter to Apple's board
Mr Jobs, underwent a liver transplant following a pancreatic cancer.

He will be replaced by its chief operating officer Tim Cook. However, Mr. Jobs requested to stay on as Chairman of the Board. Obviously this is a move to minimize the effect of the announcement on Apple's stock. Apple stock dip nearly 7 percent in after hours trading in the span of about half an hour.


Some of his best moments
http://www.theatlanticwire.com/technology/2011/08/best-steve-jobs-performances-ceo/41699/

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