Steve Jobs resigns as Apple CEO

[Candlelight]

http://www.macrumors.com/2011/08/24/steve-jobs-resigns-as-apple-ceo/

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

Stocks have fallen since he announced:

http://mashable.com/2011/08/24/steve-jobs-resignation/

Shares of Apple fell by as much as 7 percent in after hours trading on Wednesday, following the news that Steve Jobs was resigning as CEO, effective immediately. Trading in Apple had been halted prior to the news, which was revealed in a statement by Apple around 6:34 p.m. ET. As of 6:59 p.m. ET, with shares once again trading, Apple was down more than $20 per share at $356.

Well, he did good but he was always gonna have to bow out eventually.

 

[TheBrew]

He is probably not long for this world.