Steve Jobs: History, resignation letter and pics over the years
If you haven’t turned on your TV today, here’s the biggest news from the Tech community - “Steve Jobs has resigned as CEO of Apple”. No longer will the next killer Apple product be launched by a man in a black polo-neck shirt and jeans! Read on to know more about Steve, his resignation letter and his pics over the years
First, a little about Steve.
Steven Paul Jobs is the co-founder, Chairman, and CEO of Apple Inc and former CEO of Pixar Animation Studios. In the late 1970s, Jobs, with Apple co-founder Steve Wozniak, created one of the first commercially successful personal computers. In the early 1980s, Jobs was among the first to see the commercial potential of the mouse-driven GUI (Graphical User Interface). After losing a power struggle with the board of directors in 1985, Jobs resigned from Apple and founded NeXT, a computer platform development company specializing in the higher education and business markets. NeXT’s subsequent 1997 buyout by Apple Computer Inc. brought Jobs back to the company he co-founded, and he has served as its CEO since then. Steve Jobs was listed as Fortune Magazine’s Most Powerful Businessman of 2007.
In 1986, he acquired the computer graphics division of Lucasfilm Ltd which was spun off as Pixar Animation Studios. He remained CEO and majority shareholder until its acquisition by the Walt Disney Company in 2006. Jobs is currently the Walt Disney Company’s largest individual shareholder and a member of its Board of Directors. He is considered a leading figure in both the computer and entertainment industries. [source: freebase.com ]
Jobs’s health has been deteriorating over the months and this move was well planned in advance. Jobs will not be leaving the company altogether. He has been elected chairman of the board.
Jobs advised the board to “execute our succession plan” — by naming Tim Cook to replace him.Board member Art Levinson said , “The Board has complete confidence that Tim is the right person to be our next CEO”
Apple stock was down 7% in after-hours trading but rallied and was down just 5% by 7:50 p.m
Here is his resignation letter:
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.
Steve
If you’re an Apple fan and if you appreciate that Steve Jobs was a legend in the technology world, share this post and enforce your opinion. What are your thoughts regarding Steve Jobs? Comment below.
Here is Steve Jobs, over the years.
If you’re an Apple fan and if you appreciate that Steve Jobs was a legend in the technology world, share this post and enforce your opinion. What are your thoughts regarding Steve Jobs? Comment below.
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