Steve Jobs Resigns; Tim Cook is New Apple CEO

If not because of Yahoo! News I won't know that Steve Jobs resigned as Chief Executive Officer of Apple, "the world's second biggest company by market capitalization". Quoting from Yahoo! News: "Apple's legendary co-founder and top ideas man Steve Jobs resigned as chief executive Wednesday... in a long expected move after he began a dramatic fight with cancer.In a written statement...Apple announced that chief operating officer Tim Cook would take over as CEO but that Jobs would stay on as chairman of the board."  Below is Steve Jobs resignation letter addressed 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."

Apple's Chief Operating Officer Tim Cook will be the new Chief Executive Office. Note: Photos courtesy of Google Images.

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