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Friday, November 15, 2024

Steve Jobs Steps Down Temporarily

Sadly, Steve Jobs is experiencing health related issues though from the letter, it’s not clear what the "complex" issues are.  Note to media:  Let us move on now with the news out of the way and allow this pioneer of technology some well deserved privacy. – Ilene

Steve Jobs Steps Down Temporarily For Health Reasons (AAPL)

Excerpt:  Apple (AAPL) CEO Steve Jobs will take a medical leave of absence until the end of June. Apple COO Tim Cook will take over for Steve Jobs until then. Apple shares are down 13% to around $76.50 in after-hours trading.

In a letter to Apple employees, Steve said, "during the past week I have learned that my health-related issues are more complex than I originally thought."…

CNBC’s Jim Goldman says he spoke to two well known tech execs last week, one expressing "dire concerns" about Jobs’ health. Another exec said Jobs was in a "state of denial" about his health. (We wonder why Goldman kept this secret until now?)…

Apple CEO Steve Jobs today sent the following email to all Apple employees:

Team,

I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.

In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.

I have asked Tim Cook to be responsible for Apple’s day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.

I look forward to seeing all of you this summer.

Steve

Full article here.

 

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