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BREAKING: Steve Jobs Resigns as CEO of Apple
Mashable ^ | 8/24/2011 | Chris Taylor

Posted on 08/24/2011 4:13:37 PM PDT by reegs

Steve Jobs, co-founder and two-time CEO of Apple, offered his resignation to the company’s board Wednesday.

“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,” he wrote. “Unfortunately, that day has come.”

Jobs has been in poor health for some time. In January, he announced that he would be taking a medical leave of absence from the company. He returned to the public spotlight in March to help launch the iPad 2.

Jobs advised the board to “execute our succession plan” — by naming Tim Cook to replace him. Cook, formerly the COO of the company, has been standing in for Jobs since January and was widely tipped to be his successor.

Jobs hinted that he wouldn’t be leaving the company altogether — and would have a different position inside it.

“I believe Apple’s brightest and most innovative days are ahead of it,” Jobs wrote. “I look forward to watching and contributing to its success in a new role.”

Here’s the full text of Jobs’ statement as it crossed the wires.


TOPICS:
KEYWORDS: apple; computers; jobs
Like him or hate him, you can't deny Steve Jobs is a visionary who has had a great impact on our world.
1 posted on 08/24/2011 4:13:43 PM PDT by reegs
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To: reegs

More likely Steve left because the HP Touch pad finally made that whole technology affordable ~ so he just wasn’t needed anymore!


2 posted on 08/24/2011 4:17:32 PM PDT by muawiyah
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To: reegs

That must be a difficult realization for him. On its face it seems like an admirable decision. Best of luck to him in his health problems.


3 posted on 08/24/2011 4:21:32 PM PDT by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: reegs

http://www.freerepublic.com/focus/f-news/2768591/posts


4 posted on 08/24/2011 4:23:58 PM PDT by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: reegs

He better not! He’ll starve!!!/s


5 posted on 08/24/2011 4:27:24 PM PDT by Dallas59 (President Robert Gibbs 2009-2011)
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To: reegs

How many tens of billions will his resignation knock off Apples stock value?


6 posted on 08/24/2011 4:29:23 PM PDT by PGR88 (I'm so open-minded my brains fell out)
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To: reegs

He’s dead, Jim.


7 posted on 08/24/2011 4:32:44 PM PDT by Mariner (War Criminal #18)
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To: Mariner

Or just maybe, he thinks the company will be ok without him, and he just wants to spend the rest of his years doing something else.


8 posted on 08/24/2011 4:33:35 PM PDT by dfwgator
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To: reegs

>> Like him or hate him, you can’t deny Steve Jobs is a visionary who has had a great impact on our world.

Amen. I’m not a huge Apple fan but I appreciate Steve Jobs’ role as an entrepreneur and business leader. There is much to learn from this giant of a man.

Prayers for his health and comfort.


9 posted on 08/24/2011 4:35:07 PM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: reegs

Steve Jobs is the giant towering over the last 30 years of high technology. This is a sad day. I assume his health has deteriorated to the point that he had to resign and he may not be long for this world. Apple is truly the greatest company in the world. I hope they can hold on to that title and role.


10 posted on 08/24/2011 4:35:47 PM PDT by WashingtonSource
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To: PGR88

It’s already down over 20 points in after hours trading. Tomorrow could be a bloodbath in Apple stock — and the whole market for that matter.


11 posted on 08/24/2011 4:36:34 PM PDT by WashingtonSource
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To: WashingtonSource

Sounds like Apple could be a good bargain then.


12 posted on 08/24/2011 4:37:10 PM PDT by dfwgator
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To: reegs

SELL!!!!!!!!!!!!!!!!!!!!


13 posted on 08/24/2011 4:37:27 PM PDT by Huck (I don't believe there is just one God--humanity seems like the work of a committee to me.)
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To: WashingtonSource

Concur. Mr Jobs is the epitome of the American dream to me. This is written on an IPhone.


14 posted on 08/24/2011 4:39:45 PM PDT by Thebaddog (Shakey Jake said, " The hippies will never survive!")
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To: reegs

I work with Tim Cook’s brother. They are nothing alike I don’t think. His brother is a pretty macho kind of guy; Tim, not so much from what I understand. His brother is a very intelligent guy, though. Both of them from nowhereville, Baldwin County, Alabama.


15 posted on 08/24/2011 4:42:56 PM PDT by suthener
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To: reegs

He made a ton of money for himself and his shareholders in building a formidable company, twice!

Best wishes to him on his health.


16 posted on 08/24/2011 4:45:23 PM PDT by free me (Sarah Palin 2012 - GAME ON!!)
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To: PGR88

About $18 billion in after-hours trading before it was halted...


17 posted on 08/24/2011 4:46:40 PM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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To: reegs

The end must be near. A shame.


18 posted on 08/24/2011 4:53:09 PM PDT by buccaneer81 (I'm on Double Secret Probation...That's why my posts are so slow in reply.)
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To: dfwgator

I doubt that he has “years.” People, simply, don’t survive pancreatic cancer.


19 posted on 08/24/2011 4:55:37 PM PDT by old school
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To: WashingtonSource
Steve Jobs is the giant towering over the last 30 years of high technology

BUMP to that! Wish the news about him was different.
20 posted on 08/24/2011 5:05:01 PM PDT by presently no screen name
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To: reegs

Yeah, those slave kids in China must really appreciate him.


21 posted on 08/24/2011 5:14:47 PM PDT by LdSentinal
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To: reegs
Jobs' insistence on owning the hardware and charging premium prices for excellent design killed Apple against Microsoft during the '80s and '90s but worked brilliantly in the consumer electronics space in the '00s, starting with the iPod.

You can't overstate how big a loss Jobs' retirement is to Apple and to the industry. Aside from his visionary talent, the man gave a product demo like no other and his sense of style and flair helped make Apple products desirable to millions of people. He didn't just drive product strategy for Apple but also for dozens of other companies trying to keep up.

I'm not at all a fan of his walled-garden approach to the iPhone/iPad ecosystem, but the man is undoubtedly a creative genius. I hope he breaks new ground in fighting pancreatic cancer just as he has in his other endeavors and is around to impress and annoy us for many years to come.
22 posted on 08/24/2011 5:17:01 PM PDT by AnotherUnixGeek
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To: LdSentinal
Yeah, those slave kids in China must really appreciate him.

Stupid comment.

23 posted on 08/24/2011 5:28:49 PM PDT by billva
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