Wednesday, August 24, 2011

Iconic co-founder of Apple , Steve Jobs resigns

Iconic co-founder and the master brain behind all the apple products Steve Jobs resigned as CEO on Wednesday after saying he could no longer fulfill his duties.Steve Jobs has some medical problem starting from 2004 . He went for a surgery for pancreatic cancer and in 2009 for  a liver transplant. Does this resignation is directly related to his health , no one knows.

"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," wrote Jobs, 56, in a letter to Apple's board. "Unfortunately, that day has come."
As soon as he resigned the directors of Apple's made him chairman.As the news broke up , the Apple's share value decreases to 5%

Letter published by Steve

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