Steve Jobs just resigned as Apple CEO

  • Posted: 24 August 2011 07:43 PM

    Fun day tomorrow.

    [ Edited: 24 August 2011 11:58 PM by DawnTreader ]      
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    Posted: 24 August 2011 07:45 PM #1

    My thoughts and prayers are with him and his family

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    Posted: 24 August 2011 07:47 PM #2

    This is a truly sad day for America and the world. I wish him and his family the best.

         
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    Posted: 24 August 2011 07:48 PM #3

    Perfect timing. Best wishes, Steve. Full steam ahead, Tim.

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    Posted: 24 August 2011 07:48 PM #4

    CUPERTINO, Calif.—(BUSINESS WIRE)—Apple?s Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Apple?s Chief Operating Officer, as the company?s new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately.

    ?Steve?s extraordinary vision and leadership saved Apple and guided it to its position as the world?s most innovative and valuable technology company,? said Art Levinson, Chairman of Genentech, on behalf of Apple’s Board. ?Steve has made countless contributions to Apple?s success, and he has attracted and inspired Apple?s immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.?

     

    ?The Board has complete confidence that Tim is the right person to be our next CEO,? added Levinson. ?Tim?s 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does.?

     

    Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO.

     

    As COO, Cook was previously responsible for all of the company?s worldwide sales and operations, including end-to-end management of Apple?s supply chain, sales activities, and service and support in all markets and countries. He also headed Apple?s Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.

     

    Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced iPad 2 which is defining the future of mobile media and computing devices.

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  • Posted: 24 August 2011 07:49 PM #5

    He is staying on as Chairman of the Board.

    The stock value hasn’t changed (maybe it’s frozen).

         
  • Posted: 24 August 2011 07:50 PM #6

    kevinhernandez - 24 August 2011 10:49 PM

    He is staying on as Chairman of the Board.

    The stock value hasn’t changed (maybe it’s frozen).

    Trading has been halted.

         
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    Posted: 24 August 2011 07:51 PM #7

    Steve is Chairman of the Board….still involved.

    Tim now has the CEO title to go with the COO and his former “acting” prefix.

    Steve is stepping back, officially, from day to day management. This time for real…and permanently.

    I see no reason to think his vision will not still guide the Company, as in the past, just not on the daily, detailed basis. His health allowing, of course.

    [ Edited: 24 August 2011 07:56 PM by Red Shirted Ensign ]

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  • Posted: 24 August 2011 07:53 PM #8

    joel90069 - 24 August 2011 10:50 PM
    kevinhernandez - 24 August 2011 10:49 PM

    He is staying on as Chairman of the Board.

    The stock value hasn’t changed (maybe it’s frozen).

    Trading has been halted.

    yea they start up again at 6:55 (2 minutes).

         
  • Posted: 24 August 2011 07:54 PM #9

    For the sake of good governance, this day had to come. Steve Jobs remains as chairman. A leave of absence can’t go on for an indefinite period of time. This is the best and most logical step forward.

         
  • Posted: 24 August 2011 07:58 PM #10

    Good luck to you Steve

    AAPL shares down 6% to $351

         
  • Posted: 24 August 2011 07:59 PM #11

    Opened at $353.

    Went down to $351

    Back up to $355 at 7:00 EST.

    This will set the tone for tomorrow.  Not too bad.

         
  • Posted: 24 August 2011 08:00 PM #12

    Thank you, Steve, for all that you have done for us.

    I am sure your legacy will live on.

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  • Posted: 24 August 2011 08:02 PM #13

    I think this a good move and good timing. It was inevitable regardless.

         
  • Posted: 24 August 2011 08:04 PM #14

    DawnTreader - 24 August 2011 10:54 PM

    For the sake of good governance, this day had to come. Steve Jobs remains as chairman. A leave of absence can’t go on for an indefinite period of time. This is the best and most logical step forward.

    +1

    I imagine Steve felt pressure even if there’s wasn’t any from the Board.  I wouldn’t draw too many unwarranted conclusions here. 

    Resigning as CEO is not an obituary guys.

         
  • Posted: 24 August 2011 08:04 PM #15

    Timing is interesting. When he took his leave in January, it was immediately followed the next day with a great earnings report.

    I am speculating that this timing of the Job’s announcement may be such that the media info will be out tomorrow (at least by Monday) for the iPhone 5 launch event.