Steve Jobs resigns as Apple CEO

For a while Jobs’ often-gaunt appearance has sparked questions about his health and his ability to continue at Apple.

Silicon Valley legend Steve Jobs relinquished the reins at Apple to right-hand man Tim Cook last night, after 14 years in command at a company he brought back from the brink and turned into the world’s largest technology corporation.

Jobs, who fought and survived a rare form of pancreatic cancer and revolutionized the technology arena with the iPhone in 2007, is deemed the heart and soul of a company that he himself started in a garage in the late 1970s.

“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,” he said in a brief letter announcing his resignation. “Unfortunately, that day has come.”

A college dropout, a Buddhist and a son of adoptive parents, Jobs started Apple Computer with friend Steve Wozniak. The company soon introduced the Apple 1 computer. But it was the Apple II that became a huge success and gave Apple its position as a critical player in the then-nascent PC industry, culminating in a 1980 IPO that made Jobs a multimillionaire.

“I will say to investors: Don’t panic and remain calm,” said analyst Colin Gillis.

Below, the text to Jobs’ resignation letter, via Gizmodo:

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



News
Entertainment
Sports
Lifestyle
International

Many deaths as boat with African emigrants sinks…

BENGHAZI Libya (Reuters) - A boat packed with up to 250 African emigrants trying to reach European shores sank on Sunday off the Libyan coast…

Local

State health department warns against rare respiratory virus…

The New York State Department of Health is calling upon parents to be aware of the symptoms of enterovirus EV-D68. More than 12 children across the…

National

Liberal Vermont Senator Sanders may seek U.S. presidency…

By Will DunhamWASHINGTON (Reuters) - Bernie Sanders, one of the Senate's leading liberals, said on Sunday he is thinking about running for U.S. president in…

Money

Second Shift: Turning fun into money

In this week's Second Shift series, meet a New Yorker who has established two successful careers around having fun.

Movies

Dan Stevens kisses Cousin Matthew goodbye

Dan Stevens wanted a change and he certainly got one. After quickly developing a devoted fan base as Matthew Crawley on "Downton Abbey," the 32-year-old…

Movies

Nerd alert: Genesis Rodriguez, robot-maker

Geeks of the world, you're about to fall in love with Genesis Rodriguez. There's no point in resisting. The actress, appearing in Kevin Smith's totally…

The Word

The Word: Kanye West wants everyone on their…

Maybe we can blame this one on the migraine, too. Kanye West is drawing ire for halting a performance in Sydney when his demands that…

Movies

That's a wrap on TIFF 2014

This year's Toronto International Film Festival closes without the satisfying sense of certainty that had become a mainstay in recent years. Last year, for example,…

NFL

3 things we learned in Jets loss to…

The wheels came off for the Jets, who gave up 21 unanswered points after a brilliant first 20 minutes in a 31-24 loss at the Packers.

NFL

Victor Cruz catches case of the drops in…

The Giants dropped a tough, 25-14, decision to the undermanned Cardinals Sunday in their home opener. And drop was the operative word of the day,…

NFL

Giants vs. Cardinals: 3 things we learned

The Giants heard all week about how ragged their new offense has looked, but even when they finally answered the bell they still can’t find a way to win.

NFL

About a quarter of football players will get…

About one in four National Football League players are likely to end up suffering cognitive impairments during their lifetime, according to a report.

Home

DIY design: Try this upcycle furniture project

Tiffany Threadgould is living a DIY life. The Chief Design Junkie at TerraCycle, an international waste management company headquartered in Trenton, New Jersey, grew up…

Parenting

The downside of a BFF

For teenage girls a best friend can mean everything, but the way they deal with their problems together can lead to depression

Education

How many colleges should I apply to? Your…

To the average high school senior, creating the perfect college application can seem like a golden ticket into their future. Students and their parents spend…

Career

How Generation Z will change the way Americans…

What to learn how to establish a career in this new economy? Look no further than the current generation of young people - that is,…