Breaking: Steve Jobs stepping down; stock halted

Breaking: Steve Jobs stepping down; stock halted

Summary: This was just posted on Silicon Valley Insider:Apple (AAPL) CEO Steve Jobs will take a medical week (sic?) of absence until the end of June.

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steve-jobs-hand-on-chin.jpgThis was just posted on Silicon Valley Insider:

Apple (AAPL) CEO Steve Jobs will take a medical week (sic?) of absence until the end of June.  Apple COO Tim Cook will take over for Steve Jobs until then.  Trading is halted.

In a letter sent to Apple employees, Steve said, "during the past week I have learned that my health-related issues are more complex than I originally thought."

Entire memo after the jump...

Apple CEO Steve Jobs today sent the following email to all Apple employees:

Team,

I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.

In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.

I have asked Tim Cook to be responsible for Apple's day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.

I look forward to seeing all of you this summer.

Steve

Tip: Rob Parker

Topics: Enterprise Software, Apple, CXO, Health, Software, IT Employment

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12 comments
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  • What a confusing and irrelevant post!

    How is stock halted?

    The reference article reads as follows:

    Apple (AAPL) CEO Steve Jobs will take a medical leave of absence until the end of June. Apple COO Tim Cook will take over for Steve Jobs until then. Apple shares are down 13% to around $76.50 in after-hours trading.

    What a pathetic attempt to make more of this story...
    youguess
  • Good luck to him

    I hope the rest does him good.
    Michael Kelly
  • RE: Breaking: Steve Jobs stepping down; stock halted

    Hope he enjoys the time off and goes back to good health.
    Loverock Davidson
    • Agreed

      Great and thoughtful post Loverock.

      You summarized my thoughts as well. All other comments should be considered irrelevant.
      nucrash
  • Very Misleading Headline

    "Leave of Absence" and "Stepping Down" are not directly
    interchangeable. Isn't there another way to try to grab
    attention?
    Louis Tador
    • Totally pathetic, isn't it?

      Just goes to show you how desperate click-monkeys are.
      Kid Icarus-21097050858087920245213802267493
  • Apple Lied. What's new.

    Jobs should have quit the dog and pony show and taken
    care of his heath way earlier but better late than
    never. Must suck being an Apple fanboi lately.
    Gnutella
    • RE: Breaking: Steve Jobs stepping down; stock halted

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  • The headline might become true

    Unfortunately for Jobs he is public property. Investors and
    customers still see the ghosts of the 90's when Jobs was not
    in charge. Being declared dead by a very decent newspaper
    was already bad news. Telling the world that there is a hormone imbalance is just slightly better. Hormone
    imbalances are often due to very serious underlying causes
    including cancer. The headline of this article might become a
    reality soon.
    rhon@...
  • RE: Breaking: Steve Jobs stepping down; stock halted

    Everything in the headline and the story is true.
    Jobs stepped down as CEO and trading on AAPL was halted on the NASDAQ.

    - Jason
    Jason D. O'Grady
  • RE: Breaking: Steve Jobs stepping down; stock halted

    That poor man!!! He has enough to take care of without
    the stress that people are putting on him. Have some
    compassion instead of feeling selfishly about your own
    feelings. This man has given so much of his life to making
    it possible for us to be part of such a huge journey to
    enjoy the Apple products. Stock goes up and stock goes
    down, and what goes down can only go up. That is the
    business world.

    Steve, if your are reading any of these comments, I wish
    you peace and strength to be able to only concentrate on
    your health and your family. God bless you! You are loved
    by God and some of us who feel for your happiness.
    Never give up, and know that you are thought of and
    prayed for.
    A genuine friend!
    ILuvARose1954@...
  • RE: Breaking: Steve Jobs stepping down; stock halted

    Nice post !Jobs should have quit the dog and pony show and taken
    care of his heath way earlier but better late than
    never. Must suck being an Apple fanboi lately.
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