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Steve Jobs Resigns As CEO Of Apple, Tim Cook Named CEO
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.
Steve
And the official Apple press release:
Apple’s Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has 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.
“Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company,” said Art Levinson, Chairman of Genentech, on behalf of Apple's Board. “Steve has made countless contributions to Apple’s success, and he has attracted and inspired Apple’s immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.”
“The Board has complete confidence that Tim is the right person to be our next CEO,” added Levinson. “Tim’s 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does.”
Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO.
As COO, Cook was previously responsible for all of the company’s worldwide sales and operations, including end-to-end management of Apple’s supply chain, sales activities, and service and support in all markets and countries. He also headed Apple’s Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.
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+walkman
+discman
Know how you feel.
Hey shithead, they had MP3 players waaay b4 the ipod.
And there were wagons before there were cars and there were propeller planes before jets.
It's called advancement.
vinyl baby!
Nothing sounds better.
I remember the early 2000's, and there were plenty of mp3 players that were non-macs. I remember being in Hong-Kong in 2000 in fact and seeing more of these mp3 players for sale that I could shake a stick at.
The iPod was mostly marketing that popularized it. There were many more players before the iPod came out, also they all had removable sd cards too, which is something i prefer and still use today. My mp3 playr is a memorex and cost 18$. When I jog with it, if it falls and breaks, I remove the sd card, and put it into another 20$ memorex mp3 player. If that would happen wih Apple, you need to pay to mail it in, then you wait for months for them to fix it, and that is if they don't tell you to go screw yourself!
Sure people, keep on buying your iExpensive products. I'll keep using my inexpensive equivalent, even if they are not trendy. I don't care.
SAY IT AIN'T SO, ROBO! SAY IT AIN'T SO!!!
Great! Just great. Now HP gonna think they have a chance to compete in the hardware business again. FUUUUUUUUUUUUU
AND ANOTHER THING! STEVE JOBS JUST DECIDED THAT QE3 IS MISSION GO AAAA++++
Hey Tim Cook; read the user agreement.
Does this mean the Bernank is going to have to call QE3 on Friday the iQ ?
Obongo did say he was working on a "Jobs" plan.
Hands down, AAPL will go down as the world's greatest comeback story of all time.
Stock was trading at $6 in 2003 now over $350. Anybody that invested in AAPL back then in size is now comfortably retired. And if they sell tomorrow, with the stock down well off its $400 highs, the cap gains tax is only 15%. Not 28%. And, to boot, the stock has been 100% sponsored and supported by the PigMen and TPTB.
No need to ever worry about margin hikes, confiscation, punitive tax rates, etc.
ROBO UR BAK!!!!
HEY EVERYONE, ROBO'S BAK!
Cap gains on your example is NOT 15%
Might want to re-visit that little rule.
The guy's a genius. Perhaps the best business man, designer, marketer ever. Sad day.
I wonder if they will fix that Flash thing.
LOL He says it right here:
I hate bloggers, I like big media:
AND I want you to PAY for it!
http://www.youtube.com/watch?v=jdbvAdINPPA
Oh the irony... He basically says FU to bloggers and everyone is kissing his ass in these comments. How typical...
iBitchez
convient this is in front of the Bernake Put. volatily will be muted
it's a buying opportunity
Thank god Yahoo Finance has the headline in 50-point font.
Almost missed it! Phew.
I just checked and as of right now there are 8 seperate articles about Jobs/Apple on the front page...
Sell, Sell, Sell !!!
Time for to short the hell outta AAPL, bitchez :-))))))))))))))))))))))
So who else here will be wearing their jeans & black turtleneck tomorrow?
Forecast is 106 degrees tommorow in Dallas, and yes I'm wearing a turtle neck! GOD has resigned.
sarc
When Steve Jobs dies, the entire 1,000,000 strong human slaves and robots will stop their work for 10 minutes. Then, get back to suicide. Jubilee.
My first computer was an Apple e - then Xp Ibm , The Mac and on..., this guy has been around all my life for so many years, we go back to early 80"s, California. The MAC, I had several.. we had hope..at times I did not like what he did..
when I jog he is around with his the gadgets, my daughter has the macs developing games, drawings away..
safe journey to Jobs.., all the best..
Personally, I am a overclocked Intel freak..
for you adr..he is not my god but he made a difference in our lives...hate to see him go... Good or bad he was around and changed the way we live...
what the fuck is adr anyway.. American depository receipt...
if you are so cool, see you at Mavericks in the winter. Let the the guy be at peace..
Safe journey Jobs...
Steve Jobs says, "I am not GOD" and all you assholes jump to conclusions.
The self centered caustic posts on this board are amazing. The guy did a pretty good job and has to go die now. Worked till near the end. A man can't do a whole lot more than that. Sorry for his illness.
Where is Bill Gates?
uhh steve job classic story SNARF SNARF.........apple doesnt pay fair taxes, they overcharge for everything, and use slave/suicide labor in china......
I too have mixed feelings. I used Microsoft products while I was working in the world of finance. After that, I worked for several years as a consultant, and for the last five years have only used linux. I have never once used an Apple product or software, and have never been asked, in a work place to do so.
I was teasing a friend recently who was bragging about how much she like Apple's customer support. Huh! What are you talking about? I asked her. I haven't had a problem to need support since I switched to Linux in years. So she pays a lot of extra money to use Apple products and software, not to mention the classes she paid for, and I tease her about it. But she gets the last laugh. About five years ago she bought a few thousand shares of Apple stock and hung on to it until just recently. As I write this she is on a long vacation in Europe. So, it goes.
While I am basically using the same operating system, Unix, I don't know anything about apple or its products. I have been shown a few applications which are interesting. I have to say one thing. Steve and his company made a lot of people a lot of money. He has carved out his place in the history of, if not computers, at least in marketing.
Rufusbird
Watching the Steve Jobs special on CNBC right now. He's portrayed as a hotheaded control freak who had a daughter out of wedlock and lied about it for years. Good businessman, bad guy . . .
Obama's newest excuse.
Clearly the Feds asked Jobs to resign. They're running out of convenient distractions from the beginning of the next stage of the collapse. I mean how many earthquakes/hurricanes/dictators going down in a week can you have...
Oh my god, NOOOOO!
BFD
Some of these sound like eulogies. He's not dead, just not a CEO on paper. Tim Cook has been the de-facto CEO for a long time and things didn't explode like everyone predicted. Apple will be fine.
Whatever your thoughts are about Apple as a company, Steve Jobs shaped the personal computing as we know it. The man is a true visionary and above all a product person. Something that lacks in most boardrooms with their silly MBA suits.
double post.
Jobs resigning?
I've heard of "resigning jobs "... but never "jobs resigning"
How is that possible?
Am I missing sumthin?
I remembered reading this at Defective By Design. Ipad an DRM.
http://www.defectivebydesign.org/ipad
For the record, the guy took a company in the crapper less than 20 years ago, into the largest company one of the largest companies in the world. So what if his company makes shiny toys that everyone wants. He's making his shareholders millions.
What has Brian Moynihan done lately?
And in the same week he resigns, HP has conceded defeat and Google has to pay 12 billion for inventions it did not create as a defensive move.
Like an epic novel.
Who gives a fuck ?
China to promote 'all-purpose' social security card
http://english.people.com.cn/90882/7576512.html
Robotrader must be on suicide watch this evening.
Need help? In the U.S., call 1-800-273-8255
LOL
Tim Cook is a fucking stud, an Auburn man. Good job Tim and looking forward to your leadership in taking Apple to the next level.
Id rather have Cam Newton running apple
Cam's running the panthers
If only he had set his mind to building unique energy projects.
Steve Jobs did what many aspire to, he married art and science.
To me the story will always be his comeback. And his second act:Pixar. Everyone forgets Pixar.
He was a visionary and a grew into one of the best business leaders of the last 15 years. He presided over a 9000% stock rise since reassuming CEO role in 1997.
Genius is never easy. Life is not fair.
Mutherfuker gonna die , bitchez.
What up? Too much junk to handle.
Handle, pussey bitchez,
yah.
The biggest loss will be to the consumer hordes of wannabe geeks trying to be cool. Real geeks use open source software and build their own PCs to their own specifications.
I guess the soul-less self-centered technocrats will have to find another idol to worship.
OT
First Lady accused of spending $10mhttp://www.dailymail.co.uk/news/article-2029615/Michelle-Obama-accused-s...
Jesus Fucking Christ! Wanna go on about a "Black Swan". Earthquakes...hurricanes...now Steve Jobs... FUCK! Gonna hide out here in the bunker till the Shit Is Done Hitting The Fan!
Whatever Apple is now, when they began they were a beacon of hope. ( Go ahead and sneer.) My wife and I had a business that was spendng $600/month on printing. We paid $3000 for a 128 K apple in 1984, and cut our printing bills in half, and put out a lot better-looking product. That computer paid for itself in 6 months. We have been buying Apples ever since, and every one has made us money. You can hate Steve Jobs for whatever reason you want, but his ideas and energy have made American business more productive and more competitive than almost anyone else I can think of. He deserves our respect, and our blessings, at a minimum. As for you professional haters, you are fleas on the elephant. Thank you Steve. Go with God.
Well he's no Jeff Immelt that's for sure. At least the stock price is going down on the news. If immelt got fired the stock would probably double. Jobs made cell phones no less. Go figure! Not finding anything to do with the cash on hand says to me "out of ideas." Google is the big winner as of course they have their sights set right on em--and everyone else for that matter. He's still Chairman--and will be for life. May it be a long one.
AAPL went from $9 to $400 cos it doesn't hire Americans
I just checked Zillow to see home prices in Cupertino. Maybe I'm wrong, but I have a feeling Apple did employ at least a few Americans.
The more I look at this phrase, the more confident I am that he means "those days are over". Before you bash me, let's wait a year.
Upon first reading it said those days are history. Shame genius, business, product, or otherwise is so hard to come by.
LMFAO!!!! BAHAHAHAHA.....
Its just a fucking computer. Just a fucking phone. BFD!!
Maybe they'll dig up some bionic parts from the 6 million dollar man to keep him going until the Obama Festival of 2012.
BAHAHAHA....
Steve Jobs resigns.
BAHAHAHAHA.....
F Jobs, F Apple, and F all their smug users who demand style over functionality.
BTFD!
Gee I remember the days when this comet was chasing to get back to 200.
So Long Ago, oh 2 years, well ok.
324.00 tops... BVO ... Before Vacation Over
I am a little bummed out by the liberal amount of hatred being anonymously spewed and piled on a man who is obviously dying. That lack of compassion and hatred is sickening to me. It is a very sad commentary of America that a guy who pretty much represents the Ameican dream can be villified like this. Some of you sociopaths could stand finding a heart and a soul. I mean that and fuck you if you think I will apologize later. May hell's chains rest lightly on your shoulders.
The haters are not "America". You make a common mistake to base your own conclusion of what the vast majority are thinking and saying on, "Exceptionalism".
Don't extrapolate what a tiny eensy few say to accuse everyone else in the country.
iQuit...I just made an app for that.
Coutesy of Money McBags:
After Jobs iQuits, AAPL iStumbles. Don't worry AAPL holders, could be worse, could own overvalued stock & be named this
http://www.bethanyswedes.com/roster/9/11/3562.php
SJ or no SJ, the market will do whatever the f'ck it's doing.
Separate the markets from humanness for a moment.
Err on the side of compassion.
I admire Steve Jobs and wish him only the very best. It is very rare to find a company with management discipline to restrain as well as Apple has been able to do the physical design, product packaging, and software design of its products. I applaud the disciplined achievements of Apple. The best of the best in my opinion.
????? MADE IN
????? CHINA
Perspective is such a funny thing. I see so many people at this site commenting on all the proletariat sheep who can't see the raging economic forest fire through the false green shoots. However, simply suggest that Mr. Jobs really wasn't all people built him up to be and you swarm like agitated bees being smoked out of the hive.
If you can't write your own software for a given HW platform, and you rely on others to provide you your business tools, then you are just as guilty of being a sheep chained by the nose. I spent years trying to break small business owners in America and Canada away from the cattle call software/hardware paradigm, and was given the same uninformed reasoning year after year. The large HW/SW manufactures have superior product support, data protection, scalability and applications. Nothing can be further from the truth.
Was I successful? All of my clients are happy, productive, license and virus free and highly scalable. However most of my business was in South America. Because of budget constraints they had no choice but to keep an open mind.
Giant marketing schemes, and your own dependence, has convinced you that there is nothing better then your beloved iLife. Maybe one day you sheep will too awake and see that the HW/SW industry driven by large manufactures is nothing more than an extension of the broken Keynesian Capitalism, Centrally Planned system. Probably one day before they forcibly implant your FDA approved iDChip.
Don't know how old you are, but at the beginning of the personal computer age, there was a small critical mass of folks collaborating and/or arguing away their days in what became Silicon Valley. The PC-Mac made the computer industry and lifted the workforce away from balky teletypes wired to some giant heavily air-conditioned mainframe into which some of us used to feed the punch cards onto which we had painstakingly written our programs, or away from desk-size word processors. Yes, the industry would have developed at some point anyway, but I would be willing to bet even Moore's Law would not exist if these long hairs in Cupertino and Palo Alto and Merced hadn't developed the personal computer and made economies of scale work. Even a collection of genius nerds needs a conductor, and Jobs largely filled that role. The nerds could figure out what was possible, Jobs figured out what was useful and/or sellable. I didn't do that, you didn't do that. The man deserves some credit.
Finally, it isn't his fault that you cannot market well enough to meet your own expectations. It was not too long ago that nobody wanted Apple products, either, because there wasn't enough software to satisfy people who think one might need 500 different spreadsheet programs. Jobs turned that around and was the key factor in the evolution of desktop publishing, small scale CAD/CAM and graphic arts. Sure, he's a showman, and the fanbois can be as unnerving as a Jehovah Witness or Mormon missionary, but one would be hardpressed to point out a more significant figure in tech or US business in the last fifty years. Not Jack Kilby not John Backus not Linus Torvald not even the lovely Hedy Lamarr in tech, nor Jack Welch or Walter Wriston.
Ahhh, and the Queen bee comes to cheer lead.
I didn't once place fault on Jobs for my failure to educate the sheep? I don't even blame him for making other people a lot of money. You may want to pull your head out of his ass for a moment because you didn't hear my points.
First, there are a lot of people on this site who consistently point out others are sheep for their lack of knowledge in the area of economics. Well watching others ohh and ahh at something they just don't have a clue about needed pointing out.
Second, because of Jobs and others, at the HW standards forefront, the evolution of the personal computer and hand held devices has suffered. But most people have no idea or could care less as long as their favorite entertainment system doesn't crash. Again pointing out sheepish attitudes towards technology.
You must have missed my subtle reference to v-chip technology. Central planning is trying to suppress individual thought and crush the little false freedom we have left. People like Jobs went from developing and driving an industry to signing on as morality police for Central Planners. Hey, you got you politics in my technology. No! You got you technology in my politics.
Did they do some wonderful things there in Silicon Valley? Yes. Only a fool would say no. However, it has been and continues to be at a big price. If you can't see that then you are really not as familiar with the industry as you think you are.
bottom posting because this has to be one of tyler durdens "story injection threads" sarc on.
Do not ever forget that steve jobs and nancy pelosi created a tax code where american "corporations" are bat shit afraid of a 35% repatriation fee.
He does not have a PhD. He might not even know OHMs law. But the dammed engineers who understood ohm's law payed way, way more than he did in his life. They did not pay oppenhiemer levels, but that is why we have Greenspan,Bush,Clinton,Bush,Obama,hillary dancing to the music with bachman rubbing up against it.
Apple is the biggest corporation in the world 'cause timmy does not understand that windows based user interface of turbo tax. Shout out to all my .net playas from Xerox corp.
/sarc
SJ is still Chairman, and just stays behind the curtain to check how the cook is. It could be the end of APPL era, however, lots of ppl have prepared for such day coming.
This might be off-topic, but...
Fuck Ben Bernanke.
And fuck the horse he rode in on, too.
http://www.geraldcelente.proboards.com/index.cgi?board=schiff&action=display&thread=1743
...and NATIONALIZE THE FED!!
Brilliant career. Ankle biters need to grow up. His accomplishments are enormous. Suck on your mountain dew, kiddies and reflect on what this guy has managed to achieve in the sphere of commerce. Get a clue.
Hats off.
http://goldsilver.com/news/money-banksters-and-august-2011-the-coming-si...
Zero Hedge, like any site, has good and bad aspects of it. Zero Hedge is unique as the good far, far outweigh the bad. The bad though comes out from time to time and today is an example. The malcontents who have no respect for themselves let alone anyone else come out from the woodwork to disrespect a genius and it disgusts me.
stateside
Those who propose the economy shall run on pixels deserve a righteous shredding.
Agree, stateside. The folks who can't or more probably won't do, the envious, the mouth breathers, the ones who blame their inaction and/or lack of preparation on others be it Jobs, the jews, blacks...just round of the usual crowd for the losers. It is sad to see so much missdirected vitriol at a doer and a creater. What the world and this country is a thousand Job like folks not takers.
Why is he a genius? Just curious--I'm used to thinking geniuses are people like Newton, Einstein, Beethoven, Goethe, Dirac, Galois, etc. Please enlighten me.
Good timing just when The Bernank is preparing his speech...
Well...Guess I have to piss on the Jobs pity party, but frankly, who gives a fuck?
Energy. It's all about energy. The slack-jawed, bubblegum chewin', sideways-hat wearin', silicon valley ultra-techno geek-fest don't and doesn't amount to shit...about shit.
It's about coal babies, and the railcars that transport it. It's about crude oil: Texas Sweet and Venezualan sour and Saudi sour. It's about nattie, nat gas that is, and the buses and generators that run on it.
Your stupid little gay silicon valley pipe dream doesn't amount to shit or shale. So go on with your little fantasies about moving pixels and hence moving the world.
BEE TEE YOUS bitchez. It's all about the BTUs.
I think you need a cookie.
Apple and Steve Jobs have done their JOB of distracting the masses...this may truely mean that the Party is OVER...time for collapse is nigh...the elite are prepared for any revolution or resistance
No amount of preparation can save you when you're outnumbered by a million to one.
this thread should have the subtitle "Two Minutes Hate."
Job's Prayer:
Now iLay me down to sleep,
iPray the Lord my soul to keep,
If iShall die before iWake,
iPray the Lord my soul to take.
who cares...
Like Bernanke would say:
LAUNCH IPHONE 5 AND LET'S GET THIS ECONOMY ON THE MOVE AGAIN!!
But without Steve....
who'll tell us what new features the QE3 will have which are better than the QE2 and why we should pay even more for the same...
"On a long enough timeline the survival rate for everyone drops to zero."
I remember reading this somewhere.
Who even created Steve Jobs? The government? Don't they create jobs?
Dear Chindit13,
Thats Hedley Lamarr... not Hedy Lamarr. Yes, and I see how your mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives.
Jailbreak bitchez!
Sorry Chin old boy... just had to do it.