• Blazers4ever

    by Published on 08-24-2011 06:05 PM
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    Steve Jobs is resigning as CEO of Apple effective immediately. Tim Cook formerly COO will be replacing him as CEO. No reason was given on why Steve Jobs is quitting.

    http://finance.yahoo.com/news/Steve-....html?x=0&.v=1

    UPDATE - Steve Jobs provided the following letter to the company:

    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
    Source: Yahoo! News

    It appears that Apple's board will honor Mr. Jobs' requests and recommendations: http://www.apple.com/pr/library/2011...-of-Apple.html

    Discuss here.
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