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Steve Jobs Resigns as Apple's CEO
Resignation likely due to health concerns.
Tomorrow is gonna be interesting for me. I work at an investment bank. I'm a conference romo booker not a trader or anything but I'm sure people will be calling for meetings.
Resignation likely due to health concerns.
Today, in a letter to Apple's Board of Directors and to the general public, Steve Jobs announced that he would be resigning from his post as Apple's CEO.
In the letter, Jobs states that he is stepping down due to his inability to fulfill the duties and expectations required for the position, likely due to his long-term illness.
Jobs stated that he would like to continue to serve as Chairman of the Board, director, and an Apple employee. He also went on to publically recommend that acting CEO, Tim Cook, take on in the role fulltime.
You can read the full letter below.
Letter from Steve Jobs
CUPERTINO, Calif.–(BUSINESS WIRE)–
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.
Steve
As of press time, Apple stock has dropped nearly 20 points in after hours trading.
In the letter, Jobs states that he is stepping down due to his inability to fulfill the duties and expectations required for the position, likely due to his long-term illness.
Jobs stated that he would like to continue to serve as Chairman of the Board, director, and an Apple employee. He also went on to publically recommend that acting CEO, Tim Cook, take on in the role fulltime.
You can read the full letter below.
Letter from Steve Jobs
CUPERTINO, Calif.–(BUSINESS WIRE)–
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.
Steve
As of press time, Apple stock has dropped nearly 20 points in after hours trading.
Tomorrow is gonna be interesting for me. I work at an investment bank. I'm a conference romo booker not a trader or anything but I'm sure people will be calling for meetings.
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