(image courtesy of Getty Images)
On 8/24/2010, Steve Jobs resigned as CEO of Apple, Inc. With health ailing, Mr jobs stated he was no longer able to continue the helm of Apple and will step down.
From the Wall Street Journal: “”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,” Mr. Jobs said in his resignation letter. “Unfortunately, that day has come.”
“The Board has complete confidence that Tim is the right person to be our next CEO,” said Art Levinson, chairman of Genentech and Apple board member, in a statement.
He added that Mr. Jobs will “continue to serve Apple with his unique insights, creativity and inspiration.”
After a brief halt, Apple’s shares slid 5.13% to $355.70 in after-hours trading, after closing at $376.18, up $2.58, at 4 p.m. on the Nasdaq Stock Market. ”
(Thanks to Steve Williams for the late evening update. Hope everyone pre-ordered their copy of Steve Job’s Bio…)
