Steve Jobs Resigns

Steve Jobs has resigned from Apple as CEO, effective immediately. Tim Cook, is now CEO. Cook has been the #2 man, as COO, and has been effectively running Apple since Jobs latest medical leave.

Jobs has pancreatic cancer since 2004 with a liver transplant in 2009. Jobs is now chairman of the board. Jobs resignation marks an end of an era in a way. Apple was the great innovator that Microsoft copied, later to be handed over to a past Coca-cola CEO who mired Apple into bureaucratic boredom, engineers fast asleep, as Gates and his vision of the world dominated the planet. Jobs lost control of Apple in 1984, only to return in 1997.

Jobs 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.


Pancreatic Cancer has a 20% 1 year survival rate and a 4% five year survival rate. Jobs supposedly has a less aggressive form of pancreatic cancer.

In spite of most knowing this day would come, Nasdaq futures are dropping.

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