The following is a letter from Steve Jobs who resigned on Wednesday as CEO of technology giant Apple Inc:
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 foward 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.
(Sources from The Sun Newspaper; 26/08/2011)
iPhone, iPad, iquit.
The impact was within minutes of the announcement, Apple`s shares plummeted 6% in after-hours trading, indicating investor nervousness about Steve Jobs' long time deputy Tim Cook taking over as chief executive.