Steve Jobs Resign

August 24, 2011 

Letter from Steve Jobs

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.

Steve Jobs resigned as Apple CEO on Wednesday afternoon. This particular news comes as a shock to me considering Apple is the one of the top IT/Tech companies in the world (of course it is) and in my opinion it is Steve Jobs who made it what it is today. As evident from letter, he cited – “no longer being able to fully handle the responsibilities of the job” as his reason for stepping down, which I think is BullCrap. Considering Jobs earned only $1 a year as CEO of Apple I won’t be surprised to find out that there are other reasons of him leaving. Tim Cook, previously Apple’s Chief Operating Officer, will be replacing Steve Jobs as company’s new CEO. Apple’s shares dropped 5% in after-hour trading after this news (not surprisingly!).

 Steven Paul “Steve” Jobs (born February 24, 1955) and Steve Wozniak co-founded Apple on April 1, 1976 in Cupertino, California and incorporated in January 3, 1977. He had to leave Apple in May 1985 only to rejoin in 1996.
If we study Apple’s history we will see that the period of 1986 to 1997 was black-ages for Apple. Apple started to get back on its feet in 1998 with the release of iMac, and now 13 years after that it’s back to being numero Uno Computer Manufacturer. Steve Jobs made apple what it is.

Tim Cook and Steve Jobs

Timothy D. “Tim” Cook the new CEO (born in November 1, 1960 and let me clarify, He is not related to Monkey D. Luffy in any way) 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.

Welcome Apple's new CEO - Tim Cook

The CEO experience is not new for Cook. Cook served as Apple CEO for two months in 2004, when Jobs was recovering from pancreatic cancer surgery. In 2009, Cook again served as Apple CEO for several months while Jobs took a leave of absence for a liver transplant.
I think Apple is going to rise more and Steve Jobs realizes that he doesn’t need to be in the spotlight anymore, he will still be in Apple as Chairman of the Board and now he can concentrate more on his health (I hope he gets better soon).

Steve Jobs on 26 August, 2011.

Let’s see what the future holds for Apple.