It was just announced that Steve Jobs, CEO of Apple and...well you know who he is, is stepping down from that position, presumably due to health concerns. Stock trading for the company has been halted pending the news and Tim Cook has taken over as CEO.

CUPERTINO, Calif.--(BUSINESS WIRE)-- 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.


We're certain the board will keep him on and he'll still serve in some capacity at Apple. Say what you will of the man, he has certainly earned his place in history, making Apple one of the most profitiable and influential companies iin the world. We wish him the best of luck and good health.

Source: Yahoo! Finance