steve jobs resigns as Apple's CEO

Steve Jobs resigns as Apple’s CEO

Like many Americans, Apple isn’t the only one without a Job.

Steve Job’s is probably one of the most respected visionaries of our times. The man turned around the fortunes of Apple, a company which was on the brink of collapse less than a decade ago.

The vast majority of people in the Silicon valley and beyond love the guy, they have respect for him even though he outsmarted many of them. Not only did Steve introduce new technology and new way of doing things, in a matter of years he disrupted many markets and turned Apple into a truly global brand – everyone wants a piece of Apple and that is because of his attention to detail and love for building outstanding products.

Even though, I have never owned anything Apple, I have always watched his keynote speeches and have always been interested in his prognosis (he has been right most of the time).

Anyway, I have always remembered the following quotes:

“Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. It’s not about money. It’s about the people you have, how you’re led, and how much you get it.”
— Fortune, Nov. 9, 1998

“It’s really hard to design products by focus groups. A lot of times, people don’t know what they want until you show it to them.”
— BusinessWeek, May 25 1998

Steve Jobs Resigns

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.


Minutes after his resignation, SalesForce’s CEO tweeted “Steve Jobs is the greatest leader our industry has ever known. Its the end of an era.” and I couldn’t agree more with him – it is truly the end of an era.

The following things will be very interesting tomorrow:

  1. Apple’s stocks
  2. Intensity of this event in the social media circles.
  3. Will there be a Google doodle dedicated to Steve Jobs?