Wednesday, August 24, 2011

Steve Jobs Steps Down as CEO

Steve Jobs, who has been on medical leave since Jan. 17, resigned as chief executive of Apple Wednesday, saying he could "no longer meet" the duties and expectations of the job.
Interim CEO Tim Cook was immediately made the new CEO, while Jobs, 56, will stay on as chairman of the board.
"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," Jobs said in a letter to "the Apple community" that was released by the company. "Unfortunately, that day has come."


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