Steve Jobs resigned as Apple CEO

KrunkMcGrunk

http://www.reuters.com/article/2011/08/24/us-apple-idUSTRE77N82K20110824

(Reuters) - Silicon Valley legend Steve Jobs on Wednesday 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.

Apple shares were suspended from trade before the announcement. They had gained 0.7 percent to close at $376.18.

The pancreatic cancer survivor and industry icon, who has been on medical leave for an undisclosed condition since January 17, will be replaced by COO and longtime heir apparent Tim Cook.

"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," he said in a brief letter announcing his resignation.

The 55-year-old CEO had briefly emerged from his medical leave in March to unveil the latest version of the iPad and later to attend a dinner hosted by President Barack Obama for technology leaders in Silicon Valley.

Jobs' often-gaunt appearance has sparked questions about his health and his ability to continue at Apple.

"I will say to investors: don't panic and remain calm, it's the right thing to do. Steve will be chairman and Cook is CEO," said BGC Financial analyst Colin Gillis.

And the markets consequently panic

Langly

I just feel bad for the guy

World as Myth

Langly wrote:

I just feel bad for the guy

same. he and his family are in my thoughts. poor fella.

Uriel

My step brother had a scare for a while that he might have had pancreatic cancer.

He sorta wasted away a little for a while there.

My heart goes out to steve jobs and his family. I may not use like or use Apple products but cancer sucks...

Langly

How much must it suck to build a company up out of nothing, become one of the premier brands in your field, make enough money to play poker with god, and then whoops you got cancer have fun in your misery.

SCREECH OF THE FARG

dang, I wonder if this will seriously hurt apple. prayers go out to steve though, hope he makes it through this.

Sweeney Tom

Well, that sucks. Hope Jobs is OK.

KrunkMcGrunk

I feel bad for all the people working at Apple that may lose their jobs at a particularly tough time because of dumb investor panic. Cook has been the COO of Apple for some time now. It's not like the guy is coming in not knowing his ass from a hole in the ground.

Sweeney Tom

I feel bad for everybody at Apple right now.

Galy

so is he dying or what's the deal

Skull Man

I feel bad for people who own apple stock

Hunter

http://www.youtube.com/watch?v=tGZ1nK4mOuw&feature=related

Langly

Forest gump is going to lose his retirement money.

Dox the PI

DOOOOOOOOOOOOOOOM

bsjezz

apple has more cash-in-hand than basically any other entity, sharemarket jitters aren't going to cause problems

Clint Eastwood

who?

neville

Damn, how am I gonna get my iPhone 5 now?!?!?!?


(nah I hope he's okay)

Bedlam

Langly wrote:

Forest gump is going to lose his retirement money.

Always has the shrimping business as a fallback.

rhylith

KrunkMcGrunk wrote:

I feel bad for all the people working at Apple that may lose their jobs at a particularly tough time because of dumb investor panic. Cook has been the COO of Apple for some time now. It's not like the guy is coming in not knowing his ass from a hole in the ground.

Apple's sitting on mountains of cash and they know that the reaction to this news is temporary, I doubt they'll be firing anyone because of it.

Sad about Steve though. He's done a great job taking Apple from niche market to the biggest company on the planet. I can't tell you how much time I've spent using my iphone.

#pipe

Langly wrote:

How much must it suck to build a company up out of nothing, become one of the premier brands in your field, make enough money to play poker with god, and then whoops you got cancer have fun in your misery.

it must suck infinitely less than anyone who gets cancer who isn't a billionaire

Langly

Yeah but pipe those aren't real people.

KrunkMcGrunk

Yeah, what? Get out of here, Pipe. You're just hatin' on Apple.

#pipe

what no I'm not I'm posting this from my iPhone

MulysaSempronius

apple?
more like, that shit is bananas

Butters

Langly wrote:

Forest gump is going to lose his retirement money.

Nah turns out they found shale oil underneath his mom's old house and shrimp prices are through the roof.

Artreus

#pipe wrote:

Langly wrote:

How much must it suck to build a company up out of nothing, become one of the premier brands in your field, make enough money to play poker with god, and then whoops you got cancer have fun in your misery.

it must suck infinitely less than anyone who gets cancer who isn't a billionaire

Yeah I was gonna say it sucks to have cancer but he can probably afford to buy the best health care money can buy.

Posted from my iPad.

BusterK

Now who am I going to call when I can't find my iPod?

Cilla Black

yeah oh boy, having cancer sure must be fun if you're ultra wealthy

jobs is having a hell of a great time right now with his incurable degenerative illness

oh but he's wealthy so no sympathy for that guy

Lord Dave

Having awesome health care doesn't make cancer not shitty. Especially if it kills you anyway. I hope Jobs turns out ok, he is a good Steve.

Staleghoti

And away goes Steve Jobs to live out his life on top of a pile of money with many beautiful ladies

Artreus

Cilla Black wrote:

yeah oh boy, having cancer sure must be fun if you're ultra wealthy

jobs is having a hell of a great time right now with his incurable degenerative illness

oh but he's wealthy so no sympathy for that guy

I don't think anybody is saying this though. So I don't know who you are making this argument against.

A few people are just saying it is probably better to have cancer if you have boatloads of money.

I'd imagine not being able to afford any doctors or medicine and bankrupting your family in the process sucks a bit more.

Rankenphile

could be worse

he could not be one of the richest dudes in the world

Cilla Black

Artreus wrote:

Cilla Black wrote:

yeah oh boy, having cancer sure must be fun if you're ultra wealthy

jobs is having a hell of a great time right now with his incurable degenerative illness

oh but he's wealthy so no sympathy for that guy

I don't think anybody is saying this though. So I don't know who you are making this argument against.

A few people are just saying it is probably better to have cancer if you have boatloads of money.

I'd imagine not being able to afford any doctors or medicine and bankrupting your family in the process sucks a bit more.

Yeah I think I just misinterpreted what langly said

assuming sarcasm on the internet is never a good idea

Rankenphile

I mean

yeah

dude's got cancer and shit, and a family, and that is pure straight-up balls awful

but the dude's got the best medicine money can buy and if he doesn't make it he's leaving behind a legacy of being one of the most important innovators in the last century, at least

the guy's work has indelibly changed the course of history and culture

so he's got that going for him

Lord Dave

No shit, everything is better when you have piles of money.

JustinSane07

So is this the reveal of the thinnest and lightest CEO in the industry?

Rankenphile

JustinSane07 wrote:

So is this the reveal of the thinnest and lightest CEO in the industry?

holy shit

Artreus

Lord Dave wrote:

No shit, everything is better when you have piles of money.

Yeah, that is the general thrust of our argument.

I like Apple.

Wish macs had had more games for them when I was growing up with one though.

Sweeney Tom

JustinSane07 wrote:

So is this the reveal of the thinnest and lightest CEO in the industry?

oh my god

Beasteh

Rankenphile wrote:

JustinSane07 wrote:

So is this the reveal of the thinnest and lightest CEO in the industry?

holy shit

this is incredible

op_gamemaster

JustinSane07 wrote:

So is this the reveal of the thinnest and lightest CEO in the industry?

in questionable taste for sure. I for one laughed my ass off