Steve Jobs resigns as CEO of Apple


Most of you probably already saw the news but Steve Jobs handed in his resignation letter to Apple. The content of the letter is quoted below. This ends one of the biggest corporate turnarounds of all time and likely ends the executive duties of one of the top CEOs in American history.

If health wasn't a problem, I'm sure Steve Jobs would still be running Apple. But alas, the health issues has finally got to him. Steve will still likely carry out some board director responsbilities but I suspect it will be quite limited. It remains to be seen how Apple performs with the new leadership. Steve Jobs wasn't an easy guy to work for but he was exceptionally talented when it came to sales and design. He cannot be replaced.

Steve Jobs' Resignation Letter

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

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