Palo Alto Weekly

News - August 26, 2011

Steve Jobs resigns as CEO of Apple

Ailing Palo Alto resident says he can no longer meet 'duties and expectations' of job

Apple CEO Steve Jobs Wednesday afternoon (Aug. 24) submitted his resignation to the company's board, saying he could no longer meet his "duties and expectations" as head of the company.

Jobs, a Palo Alto resident who underwent a liver transplant in 2009, has been on medical leave from Apple since January, saying he wants to focus on his health.

In today's resignation letter, Jobs said he "strongly recommended" that the company "execute our succession plan and name Tim Cook as CEO of Apple."

Cook has led the company during Jobs' most recent medical leave, as well as during absences for the 2009 liver transplant and treatment for pancreatic cancer in 2004.

Jobs said he would like to continue serving as Apple's board chairman and as an Apple employee.

"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," he said in today's letter.

Art Levinson, chairman of Genentech and a member of Apple's board of directors, commented on Jobs' guidance and leadership in a press release.

"Steve's extraordinary vision and leadership saved Apple and guided it to its position as the world's most innovative and valuable technology company," Levinson said. "Steve has made countless contributions to Apple's success, and he has attracted and inspired Apple's immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration."

The board confirmed Cook's promotion to CEO.

Palo Alto Weekly staff

Comments

Posted by Jim, a resident of College Terrace
on Aug 24, 2011 at 4:17 pm

Steve Jobs- a class act! Thanks for making Apple the best company in the world.


Posted by Live-Long-And-Prosper, a resident of Another Palo Alto neighborhood
on Aug 24, 2011 at 4:40 pm

Here's wishing you a long life, Steve.


Posted by Tyler Hanley, online editor of Palo Alto Online
on Aug 24, 2011 at 4:46 pm

Tyler Hanley is a registered user.

The following comments were moved from a duplicate thread:

Posted by Sharon, a resident of the Midtown neighborhood, 45 minutes ago:

Jobs has resigned as CEO and wants the current COO to be the next CEO.

In his resignation letter Jobs said that he had always said that he would stay as CEO as long as he could continue to fulfill his duties.

Alas no more.

Wonder who the other contenders for CEO are--or is it a shoe in--surely the investors should have some say in this matter

----------

Posted by Sharon, a resident of the Midtown neighborhood, 32 minutes ago:

Apple stock is down but will bounce back.

We lost a legend in Ken Oshman recently

--like Oshman-- Apple had a succession plan in place after Jobs past 2 health crises


Posted by PAltan, a resident of Green Acres
on Aug 24, 2011 at 6:22 pm

One hopes he can find similar miracles in the world where his pancreatic cancer is concerned. I lost a close family member to pancreatic cancer and wouldn't wish it on anyone. I hope he is right that he can continue whether at Apple or anywhere else, just that he can continue...


Posted by in the neighborhood , a resident of Community Center
on Aug 24, 2011 at 7:07 pm

Best wishes Steve - you are an icon, you are a hero, you are a survivor, but most of all - you are a father and a husband. I wish you the best in the years to come, and I wish you many more years. It has been a pleasure.


Posted by me too, a resident of Midtown
on Aug 24, 2011 at 7:11 pm

It is sad to see him leave the position,but I wish him the best too.


Posted by Hulkamaina, a resident of Duveneck/St. Francis
on Aug 25, 2011 at 10:48 am

I worked at Apple when Steve got cut by Sculley. It was like the soul of the place had been killed. This time he's going out on his own terms with an orderly transition that's been in place for quite a while.

Take time to smell the roses Steve.


Posted by Elizabeth, a resident of Old Palo Alto
on Aug 25, 2011 at 12:56 pm

Steve has been a wonderful neighbor in Old Palo Alto. He didn't have to tear down a beautiful old house to build a "shrine to his wealth."
I wish him a long life. Best wishes to your beautiful family.


Posted by very close neighbor, a resident of Old Palo Alto
on Aug 25, 2011 at 1:07 pm

Elizabeth - I agree - and my kids just love the Halloween haunted house year after year. What a terrific family. I wish them the best.


Posted by time to smell the roses, a resident of Adobe-Meadows
on Aug 25, 2011 at 1:54 pm

best tweets I noticed:

"Why do people care so much about Steve Jobs resigning?" he typed on a square of glass that contained all the music he ever owned

2nd:

"Still unimaginable: that Jobs was the most important person in personal technology both in 1978 and in 2011"


Posted by he's right, a resident of Southgate
on Aug 25, 2011 at 3:30 pm

just cause you see someone you think is a ''bum'', you NEVER know. THAT person may have an answer no one else does!


Posted by Nora Charles, a resident of Stanford
on Aug 25, 2011 at 4:23 pm

All good wishes, thoughts, and prayers to Steve Jobs.


Posted by hopeful, a resident of Professorville
on Aug 25, 2011 at 11:37 pm

Thank you Steve for changing our lives in so many wonderful ways. Our most heartfelt wishes for you.


Posted by Hmmm, a resident of East Palo Alto
on Aug 26, 2011 at 12:03 pm

I appreciate Apple's wonderful products and how they have shaped our lives. I look forward to many more years of elegant, useful innovation & my friends who work there loving their jobs. And speaking of Jobs, as a kid, I recall the Steves hanging out locally w/others geeking out & teaching us computer stuff. His intensity & ambition were very obvious back then, even to us kids. I've had some other less-than-pleasant experiences w/him over the years, but those stopped & I've been left w/an appreciation for his contributions to our lives. Frankly, that's been a much-appreciated surprise.

Like so many, I've lost a loved one to a different type of pancreatic cancer & it's wonderful that he's been able to still do so much. Seeing Jobs's commitment to his employees, stockholders & products demonstrates his strong integrity, even with his personal challenges. My thoughts and best wishes to him & his family. I hope to hear how much he's enjoying life!


Posted by Sharon, a resident of Midtown
on Aug 26, 2011 at 3:42 pm

[Post removed by Palo Alto Online staff.]


Posted by hp lab, a resident of Palo Alto Hills
on Aug 26, 2011 at 4:25 pm

i have heard once he worked for hp lab,he got some great ideas,but the management did not listen,if they were then there would be a different story.


Posted by Sharon, a resident of Midtown
on Aug 26, 2011 at 5:02 pm

[Post removed by Palo Alto Online staff.]


Posted by emptiness, a resident of Greendell/Walnut Grove
on Aug 26, 2011 at 5:20 pm

No matter how smart how wealthy how beaitiful how powful you are,there will always be a day that nothing matters to you.


Posted by Sharon, a resident of Midtown
on Aug 26, 2011 at 6:31 pm

[Post removed by Palo Alto Online staff.]










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