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  • Steve Jobs Resigns as Apple CEO, World Shocked - END of the Golden Apple Era?

    ONE OF THE FAADOOEST ENGINEER of all time -- STEVE JOBS, has resigned as chief executive of Apple Inc in a stunning move that ended his 14-year reign at the technology giant he co-founded in a garage.

    This news came with little surprise; When the former Apple CEO was diagnosed with pancreatic cancer in 2004, rumors immediately began to circulate that his resignation was only a matter of time. Indeed, based on Jobs' own words in the official press release, it appears that his decision to step down is the direct result of complications related to his pancreatic cancer and liver transplant combined with his visibly deteriorating health.

    Apple’s Board of Directors have named Tim Cook, previously Apple’s Chief Operating Officer, as the company’s new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately.

    Tim Cook with Steve JobsCook has plenty of experience in filling Jobs' shoes. Jobs took two temporary absences from Apple - an earlier one in 2004-05 during which he received his liver transplant, and one this past January, when he voluntarily stepped down in an effort to focus on his health.

    However, despite giving Cook the reigns during each of those previous absences, Mr. Jobs remained heavily involved in both product development and releases. Not only that, but an Apple press event just isn't the same without Steve Jobs, and he took center stage at the announcements of the iPad 2 and during Apple's WWDC - the developer event that showed off iOS 5 for the first time.

    This is the reason why most investors and Apple well-wishers are concerned about the future of Apple Inc. Most technology analysts credit Jobs with the salvation of Apple starting in 1996 when the company acquired NeXTSTEP, the company that Jobs started. That acquisition created the foundation for Apple's Mac OS X and ushered in an era where Apple computers and accessories were practically considered luxury electronics rather than a strange alternative to Windows PCs.

    Jobs has been front and center in the development process for every major product released since the mid 90s. Tim Cook, while clearly capable of handling the position of CEO, hasn't publicly shown the same forward-thinking approach or ability to showcase Apple's newest products.

    Meanwhile, Google's Vic Gundotra has an inspiring Jobsian tale to tell:

    One Sunday morning, January 6th, 2008 I was attending religious services when my cell phone vibrated. ... After services...I checked my [voicemail]. The message left was from Steve Jobs. ... I was responsible for all mobile applications at Google, and...had regular dealings with Steve.

    While it was customary for Steve to was unusual for him to call me on Sunday and ask me to call his home. ... "So Vic, we have an urgent issue...that I need addressed right away... I've been looking at the Google logo on the iPhone and I'm not happy. ... The second O...doesn't have the right yellow gradient. It's just wrong.

    W]hen I think about leadership...I think back to the call I received from Steve Jobs. ... CEOs should care about details. Even shades of yellow. ... To one of the greatest leaders I've ever met, my prayers and hopes are with you.

    Image: Mr. Jobs co-founded Apple in 1976. Seen here with then CEO Mr John Sculley in 1984

    Apple's earlier press release:

    PRESS RELEASE: Letter from Steve Jobs

    August 24, 2011- 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.