Posted on 08/24/2011 4:13:37 PM PDT by reegs
Steve Jobs, co-founder and two-time CEO of Apple, offered his resignation to the companys board Wednesday.
I have always said if there ever came a day when I could no longer meet my duties and expectations as Apples CEO, I would be the first to let you know, he wrote. Unfortunately, that day has come.
Jobs has been in poor health for some time. In January, he announced that he would be taking a medical leave of absence from the company. He returned to the public spotlight in March to help launch the iPad 2.
Jobs advised the board to execute our succession plan by naming Tim Cook to replace him. Cook, formerly the COO of the company, has been standing in for Jobs since January and was widely tipped to be his successor.
Jobs hinted that he wouldnt be leaving the company altogether and would have a different position inside it.
I believe Apples brightest and most innovative days are ahead of it, Jobs wrote. I look forward to watching and contributing to its success in a new role.
Heres the full text of Jobs statement as it crossed the wires.
Yeah, those slave kids in China must really appreciate him.
Stupid comment.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.