Steve Jobs steps down

Status
Not open for further replies.
GasBandit

GasBandit

Staff member
Apparently.


In a letter to the Apple Board of Directors and the Apple community, Steve Jobs announced today that he will be stepping down from his role as CEO.
In his letter, Jobs said he can “no longer meet [his] duties and expectations as Apple’s CEO,” and recommended that Apple appoint COO Tim Cook as his replacement.
The board announced that it would, in fact, appoint Cook as CEO, and Jobs would become the Chairman of the Board. Cook will also join the board effective immediately.
[yahoo]
 
strawman

strawman

Wow. Ok, so he's going to be chairman of the board, and still be employed by Apple.

Making it late news on a wednesday is curious... expect apple stock to drop when the bell rings tomorrow morning, as well as lots of trading as people buy it on a low in anticipation of the iPhone 5 release.

I wonder if the last few days of iphone leaks were purposeful to preced this announcement?
Added at: 19:18

Added at: 19:24
They stopped trading briefly, then restarted again due to the news. Apple is now down 6%. Twitter is exploding. This is all the tech world will be talking about tomorrow.
 
Terrik

Terrik

Ah come on, Apple is a household name. Jobs or not, Apple isn't going to crumble. I'd also hope that Jobs was smart enough to plan for his resignation. I don't think he'd leave his own company hurting.
 
Espy

Espy

Yeah, no big deal. He's been super sick and unable to really run the company for awhile, Cook has, I believe, already been handling the day-to-day operations so this is kind of a big meh overall. Hopefully he gets better.
 
C

Chibibar

Espy said:
Yeah, no big deal. He's been super sick and unable to really run the company for awhile, Cook has, I believe, already been handling the day-to-day operations so this is kind of a big meh overall. Hopefully he gets better.
Click to expand...
Correct. Cook was CEO interim, this just makes it official. Steve is still Chair and I'm sure like anything, his words are still "law" ;)
 
North_Ranger

North_Ranger

Staff member
At least he can now...

a) ...become a Howard Hughes-like recluse who will be discovered mummified in his palatial estate in 2046.
b) ...build up his health and start up a hedonistic lifestyle that will make Hugh Hefner look like a Dominican monk.
c) ... finally move to his underwater fortress and begin colonizing the ocean floor.
d) ...really focus on his efforts of world domination.
 
Shegokigo

Shegokigo

Depending on how much of a percentage of that pool you're willing to part with, I'm sure I could find someway for that to swing in your favor.....
 
PatrThom

PatrThom

It's a change, to be sure.
Now at least he won't have the day-to-day weight of the CEO title any longer. That should allow him to have more of a creative influence, something I'm sure he prefers anyway.

--Patrick
 
Status
Not open for further replies.
Top