Steve Jobs Resigns As CEO Of Apple, Tim Cook Named CEO

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Wed, 08/24/2011 - 18:41 | 1596993 TruthInSunshine
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Hellloooooooo.

Any word on why?

I presume health was the reason, but still...confirmation?

And, no pressure, Tim Cook...it's not like the entire Nasdaq index is riding on your shoulders.

(Wait, what?)

Sorry, Tim Cook, nearly the entire Nasdaq index is riding on your shoulders.

Wed, 08/24/2011 - 18:41 | 1597000 quintago
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Schwab: "Trading Halted"

 

Wed, 08/24/2011 - 18:46 | 1597031 johngaltfla
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http://johngaltfla.com/wordpress/wp-content/uploads/2011/08/APPLE_NUKE.jpg

Nothing like digging up an old, appropriate, 1950's test photo....

Wed, 08/24/2011 - 18:51 | 1597056 TruthInSunshine
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I am Shiva the God of Death.

--Robert Oppenheimer

Wed, 08/24/2011 - 19:42 | 1597318 phyuckyiu
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Either Steve is about to die, or Apple is about to go down hard and he wants his reputation preserved. Either way, no bueno.

Wed, 08/24/2011 - 19:48 | 1597352 SteveNYC
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Hopefully Steve is ok, but watching what people "do" as opposed to what they "say", seems it ain't looking good.

Perhaps at Jackson Ho, Bernank launches QE[Apple] this week??

Wed, 08/24/2011 - 21:31 | 1597745 Trimmed Hedge
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Don't worry: I'm sure Steve is fine.

Looking great for a man of only 56 years...

http://www.huffingtonpost.com/2011/06/06/steve-jobs-apple-wwdc-press-conference_n_871770.html

Wed, 08/24/2011 - 22:21 | 1597899 chumbawamba
chumbawamba's picture

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.

You ain't fooling anyone, ya psychopath.  Apple's brightest and most innovative days will be six feet under with you, Steve.  Go quietly.  Your time is up.

I am Chumbawamba.

Wed, 08/24/2011 - 22:43 | 1597950 I am a Man I am...
I am a Man I am Forty's picture

fuck you chumbawamba, you giant sack of shit

Thu, 08/25/2011 - 01:03 | 1598224 dwdollar
dwdollar's picture

Will they be making the iSmug next?

Thu, 08/25/2011 - 01:44 | 1598291 Mr Lennon Hendrix
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Steve Jobs is a modern day slave owner.  Fuck Steve Jobs, his soul rots in perpetual hell.

Thu, 08/25/2011 - 05:42 | 1598466 Sudden Debt
Sudden Debt's picture

all dictoras go down after a while.

BUT WHO GETS HIS GOLD?!!

 

Thu, 08/25/2011 - 00:08 | 1598121 3.7.77
3.7.77's picture

You really are an ass, death to chumbawamba.

How's that.

And by the way, you will obey when needed.

Thu, 08/25/2011 - 01:46 | 1598296 Mr Lennon Hendrix
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Steve Jobs runs modern day Death Camps.  He is a Nazi.

Thu, 08/25/2011 - 00:17 | 1598135 Oh regional Indian
Oh regional Indian's picture

Could not agree more Chumba. Steve Jobs and his "Product" have been giant control instruments.

His skillz have left a whole generation of children deaf or well on their way to deafness.

About time and I hope Apple crashes and burns. I love the biblical significans of it all though.

Bitten apple? Job(s) with a Tablet? Too funny.

Oh and by the way, all his employees are either afraid of him or hate him. What an awful legacy. Plus most of his "ideas" were stolen (Xerox Park???). 

Steve J was a set up from a long time ago, his time has finally come, big sign.

Vivek

http://aadivaahan.wordpress.com/2011/08/24/precursor-03-bottom-falling-out-still-still-and-a-gander/

Thu, 08/25/2011 - 04:23 | 1598415 ZeroPower
ZeroPower's picture

His skillz have left a whole generation of children deaf or well on their way to deafness.

 

My brother bought his 2.5yr old an ipad2 the other day. There are 'learning apps' and whatnot on it..

Cant say i would do the same when i have kids, but then again, who knows. One kid wants what the other kid has, right. Would not give it to a kid of such a young age though. Im a fan of the iphone and have had one every generation, but will never go the mac route and hopefully something comes along (W7 phone??) that come surpass the rather stale iphone.

 

Thu, 08/25/2011 - 05:12 | 1598444 Eric Cartman
Eric Cartman's picture

You're so kewww! 

Wed, 08/24/2011 - 21:07 | 1597656 whirlybird rules
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SJ is dying.  Ever seen someone who is really sick?  Read all the <I hate SJ> posts...   say what you one will, but he would never leave the helmas long as he was standing, if he thought Apple was in danger. The only thing that's kept the dude alive this long is his passion for his baby!

Wed, 08/24/2011 - 21:17 | 1597687 Trimmed Hedge
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That, and lots of really expensive medications that you & I could never afford or even have access to....

Wed, 08/24/2011 - 21:24 | 1597718 whirlybird rules
whirlybird rules's picture

Actually, you could probably get the expensive experimentals that he's taking.  You'd feel like shit and I'm sure he does, but he keeps going. But I get it, you don't like the guy. 

Wed, 08/24/2011 - 21:30 | 1597740 Gully Foyle
Gully Foyle's picture

Maybe but can we all afford some eight year old Indian kids liver?

Wed, 08/24/2011 - 21:36 | 1597760 whirlybird rules
whirlybird rules's picture

Ok, just googled about.  I see your point.  If you had his money, you would probably do the same.  

Wed, 08/24/2011 - 22:19 | 1597893 minsky4ever
minsky4ever's picture

Jobs knows he only has a little tlme left and he doesn't trust anyone with his legacy so he's gonna drive it into the ground before he dies.

That, anyway, is the cynical opinion of my 15 year old son. I'm kvelling. I thought I'd have to live another 15 years before seeing my work come to fruition.

Wed, 08/24/2011 - 20:28 | 1597493 Rodent Freikorps
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"I am become death, the destroyer of worlds."

Wed, 08/24/2011 - 21:05 | 1597645 redcorona
redcorona's picture

Speaking of those 'destroyer's.  They do favor the limp wristed front man dont they?  Perhaps they should at least add Steves head next to Walts before they drain his company like a scourge of orgastic mosquitoes.

Wed, 08/24/2011 - 21:30 | 1597742 Gully Foyle
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Remo Williams?

Wed, 08/24/2011 - 22:26 | 1597915 Rodent Freikorps
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You can listen to old Oppenheimer in his own words.

Oppenheimer is quoting Bhagavat Gita

http://www.youtube.com/watch?v=x39eRJA1aVU

 

Wed, 08/24/2011 - 18:52 | 1597062 spiral_eyes
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NASDAQ riding on Apple?

NASDAQ?

Fuck no. Apple is not an American company, but a wing of the CPC. And the CPC will nationalize the productive apparatus when the time comes. So I guess they'll nationalize the NASDAQ.

Got oil, bitchez? China has.

http://azizonomics.com/2011/08/22/is-venezuela-next/ 

Wed, 08/24/2011 - 19:07 | 1597129 DormRoom
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the entire US markets is interconnected with AAPL.  It's a huge node in the network.  If it goes down, it reverberates across the network.  It'll be interesting to see what happens tomorrow, one day before Jackson Hole, and 2 trading days, before the ending of the European short ban.

Wed, 08/24/2011 - 19:10 | 1597151 TruthInSunshine
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Given the massive allocation of AAPL shares in hedge funds and mutual funds, a significant move down in share prices could have noticeable consequences.

And then, there's that whole leverage problem...

Wed, 08/24/2011 - 19:16 | 1597190 MiguelitoRaton
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I believe I hear a black swan landing...the straw that breaks the camel's back.

Wed, 08/24/2011 - 19:27 | 1597241 spiral_eyes
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I don't think my initial comment is incompatible to any of the responses. If I was running an American hedge fund (thank God I don't) I don't think any of my major equities' manufacturing bases would be located in an autocratic and unfriendly nation half the world away. 

Apple are very cosy with the CPC. And Steve Jobs — and the organisation he has actuated — is way ideologically closer to Mao than Thomas Jefferson.

There's a clusterflock in there somewhere... 

Wed, 08/24/2011 - 20:14 | 1597449 spiral_eyes
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"Tim Cook is credited with pulling Apple out of manufacturing by closing factories and warehouses around the world. This helped the company reduceinventory levels and streamline its supply chain, dramatically increasing margins."

optimisation, bitchez

http://mostlyeconomics.wordpress.com/2011/04/26/nassim-taleb-on-living-with-black-swans/  

reminds me of mitt romney...

Wed, 08/24/2011 - 20:55 | 1597610 SilverIsKing
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Mr. Cook will successfully reduce AAPL's weighting in the NASDAQ index.

Wed, 08/24/2011 - 19:16 | 1597195 Spirit Of Truth
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Down 6% after hours: http://finance.yahoo.com/q?s=aapl&ql=1

Actually teared up reading that bit.  Steve Jobs is an American icon and a hero to what makes this nation great, i.e., innovation.   God rest his soul if this is his life's curtain call.

Wed, 08/24/2011 - 19:27 | 1597243 TruthInSunshine
TruthInSunshine's picture

 

 

For anyone doubting how important a competent CEO is, and how hard it is to find a confidence inspiring one, contrast Apple with Hewlett-Packard...

...and then look at their relative share performance.

Yes, these things matter. A lot.

Wed, 08/24/2011 - 20:18 | 1597456 optimator
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or GE

Wed, 08/24/2011 - 20:58 | 1597622 SilverIsKing
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or SBUX

Wed, 08/24/2011 - 21:33 | 1597749 TuesdayBen
TuesdayBen's picture

Or USA

Wed, 08/24/2011 - 19:52 | 1597365 Bananamerican
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Jobs deserved CEO of the decade imo...been on macs myself since 1994....

Through the years, great gear, well designed and executed...marketing genius....i fault him for making "proprietary" headphone jacks and the world's shittiest AC plugz and other bullshitty PC moves like that the last few years.

mostly though, any admiration i've lost for the man stems largley from ONE thing...

I fault him, big time, for joining the herd and manufacturing in China

Wed, 08/24/2011 - 20:23 | 1597470 Reptil
Reptil's picture

Since 1995 here; a 5300 powerbook.
Apple's been up to some naughty things as of late. Part of the "change" no doubt. Who knows what actually happened in those boardrooms though, IMHO too uncertain to actually know for certain.
As for the China comments; didn't they say they're moving production back to the USSA?

Anyway, cheers Steve, for the efforts when the going was tough back in 1998.

Wed, 08/24/2011 - 20:51 | 1597597 Solid
Solid's picture

He's a fucking liberal. Although, I have all their products!

Wed, 08/24/2011 - 20:52 | 1597598 skohiu
skohiu's picture

Teared up?  Fuck Jobs

Wed, 08/24/2011 - 21:00 | 1597630 VisualCSharp
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Obama says that every day.

Wed, 08/24/2011 - 22:22 | 1597906 minsky4ever
minsky4ever's picture

Oh snap!!

Thu, 08/25/2011 - 00:22 | 1598142 LongBallsShortBrains
LongBallsShortBrains's picture

Very insightful!

Wed, 08/24/2011 - 22:00 | 1597834 disabledvet
disabledvet's picture

Apple has 50 billion in cash you morons. I hear it even has a product or two.

Thu, 08/25/2011 - 00:23 | 1598145 LongBallsShortBrains
LongBallsShortBrains's picture

In which bank? They just have inflation and counter party risk

Wed, 08/24/2011 - 20:39 | 1597539 Libertarian777
Libertarian777's picture

Why? Just because they outsource their contract manufacturing overseas? They employ between 30 and 40 thousand in the USA, up from 700 or so a decade ago.
Not to mention millions of application developers.

People like to bitch about jobs, would you rather not have Apple be successful? Should they rather produce iPhones and iPads in the USA and focus on creating 100,000 minimum wage jobs or should they focus on advancing technology such as tablet computers? Next you're going to complain ATMs put bank tellers out of work. Should they petard like borders? Or cisco?

Apple is American as they come. Started small, got big, partially died, got resurrected and is innovating. Started by a few guys with big ideas.

Thu, 08/25/2011 - 01:37 | 1598115 Bananamerican
Bananamerican's picture

Apples always carried a slightly higher, "aspirational" price tag...so, they would have made a few less billions...

Steve "Jobs" could have bucked the China wage arbitrage trend (global Plantation system) and had a hand perhaps in an American manufacturing renaissance..."led by example" etc but No....He'll be going out as Steve "Job" for offending his American "Maker" no doubt...

Sure, "minimum wage jobs", why not?

My kid, (now at college) couldn't find one this summer...

i have zero patience with you globalists by the way...NONE

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