Wednesday, August 24, 2011

Apple Minus Steve Jobs, Take 2

In a letter written to the Apple board of Directors, Steve Jobs has officially resigned as the CEO of Apple. UPDATE: Apple has now confirmed in a press release that Tim Cook will be taking over as CEO.

This is actually the second time Jobs will be leaving the company he co-founded, the first being in 1985 when he was forced out. He returned in 1996 when Apple bought NeXT, the company Jobs had founded after leaving. By 1997 he was again running the company, albeit officially as "interum CEO", a title which he kept until 2000, when he dropped the "interum".

Jobs' return to Apple is wildly recognized as having saved the company, as his return heralded a return to the profitability of the early years. It'll take time to see how his second departure will affect Apple, but it's unlikely Apple will face problems any time soon, given the massive profitability of both the tablet and smartphone markets.
August 24, 2011–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.

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