Steve Jobs takes "medical leave of absence"

Steve Jobs takes "medical leave of absence"

Summary: Steve Jobs takes a "medical leave of absence" from his position as CEO of Apple until June.

SHARE:

Steve Jobs takes a "medical leave of absence" from his position as CEO of Apple until June.

Here's a copy of the letter he sent to 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

AAPL stock is trading down some 7.5% after hours. I expect things to be even uglier for Apple stock tomorrow but if I owned AAPL stock (which I don't) I'd hold onto it. Might even be a good time to buy more stock.

Expect a maelstrom of rumors and speculation to follow.

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

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

19 comments
Log in or register to join the discussion
  • Steve Jobs takes "medical leave of absence"

    He is going to be just fine as will Apple Co. The sad part is the media did this to him. Its his health, it should remain private but the media didn't want to let that go. I'm glad he made the decision to lay low for a while.
    Loverock Davidson
    • If Jobs' health is an issue

      If Jobs' health is an issue, it needs to be addressed because he is the CEO of a publicly traded company. There at least needs to be disclosure in quarterly reports.

      I'm not really following this news, but it matters to the profitability of Apple and therefore to shareholders of AAPL so it's not private information.
      daengbo
      • So...

        Steve Jobs "belongs" to you does he?
        SimonUK
        • Re: So...

          No, Apple belongs to the shareholders, and the owners have a right to know about things that affect the future of that company. If his current illness has a decent chance of resulting in his death or his inability to return to Apple, the shareholders deserve to know. If his condition is such that it's very likely that he'll be back in 6 months, good as new, the Shareholders -- His Bosses -- deserve to know. When someone at my company had to take a 6 month leave due to illness, everyone was well aware of the situation.

          If Steve doesn't like that, he can choose to retire, but running a publicly held company and making the world feel like he IS Apple, means his health should be part of the public record.
          notsofast
          • He is also...

            ...under law, entitled to take a sabbatical. No explanation
            is needed, so in as much as he already released more
            information than required, he should be left to convaless.
            Owning shares in a company does not give you the right to
            know [i]any[/i] employees details, especially those
            regarding health. Owning share in a company doesn't guarantee, or for that matter give you a right to profit. It is
            a risk, or more accurately, a gamble. Don't like the odds?
            Don't bet. Apple, as far as I know, have [i]never[/i] paid a
            dividend to anyone. Not a cent. The shareholders aren't his
            bosses. Unless they are the CEO. Nope, that'll be Steve
            Jobs. It's a very naive view to take, and it simply doesn't
            work that way.

            As far as I am aware, it the media that has made Jobs Mr
            Apple. Actually listen to the man deliver his keynotes. One
            word you hear lot is [i]team[/i]. Yes, he is know for being a
            task master, but he clearly values the team. Hell, actually
            [i]read[/i] the letter. How often has he given over the stage
            to an "engineer" to explain the new hardware/software?
            SimonUK
  • People like you Adrian make me sick.

    Someone dear is seriously ill and you write about AAPL stock.
    What a unsensible thing to do. You Americans can go to hell.
    (Your economy is already there, because of people like
    Adrian).
    sigma2
    • Re: Sigma2

      Um, hello? Steve Jobs is Apple in most peoples' eyes. So, if he leaves the company for whatever reason, the stock will take a beating. Yes, it is unfortunate that he is sick and I'm sure we all wish him well. But the fact remains that this sickness had affected the company more so than any other CEO's sickness would. So, they go hand in hand.

      Adrian has nothing to do with our economy. He is just a blog writer and apparently more intelligent that you are because he can put 2 and 2 together. So get off your soapbox and shut the hell up you moron.
      puffmanxx
    • Exactly which country

      are you writing from that has sidestepped the global economic crisis?

      You Utopians make me sick and you can all go to hell.
      rtk
    • Oh stuff it. AAPL Stock

      Is one of the reason we've been getting these
      contorted half truths about his health and future in
      the company. If they came out and said what they had
      to say back when he was started to thin they would
      saved themselves all this speculation.

      But the stock was at $150 and brining this up would've
      hurt it.
      Gnutella
    • A little harsh...

      I agree with your sentiments, but to be fair the article, its at
      least positive...
      SimonUK
  • RE: Steve Jobs takes

    How can you put a company over a man who's
    health is worth more than anything. If it were
    you, and you needed time to get well, wouldn't
    you put your health first. Steve Jobs isn't
    resigning. He is taking a leave of absence until
    he feels that he can put everything into the
    company again. I think that is for the best right
    now. Apple won't suffer, because he is leaving
    the company in good hands until his return.
    Some people are so self-centered to put such a
    good person down. Get A Life!!!
    ILuvARose1954@...
  • LOL the apple fanbois are freaking out. their god is sick

    NT
    SO.CAL Guy
    • Dude

      Do you know what your laughing at? Do you not have a sense of decency?


      I'm not the biggest Apple fan, but I wish Mr. Jobs and his family all the best. Hope he gets well soon.
      The one and only, Cylon Centurion
    • @SO.CAL Guy; What a Twat...

      Go and troll elsewhere you nasty little boy.
      SimonUK
    • He's not as sick as you.

      You stupid little boy.
      Sleeper Service
      • @Sleeper Service...

        I'm sorry, but I don't find any part pancreatic cancer funny.
        The sort of gobsh*te that posts "LOL the apple fanbois are
        freaking out. their god is sick" needs telling what a vile and
        odious little twat they are. To hell with posting rules. If you
        do think this is funny, have the human decency to keep it to
        yourself, or expect more of the same.

        Thanks for posting the letter Adrian, it's nice to see that Mr
        Jobs has confidence in his own board.
        SimonUK
        • Well, SS, Headrock, Ax, Ye and xunil ARE Micro$haft Bigots

          You except civility, decency, respect for their fellow human beings from THAT lot?

          They worship an belligerently and desperately incompetent chair-throwing bully, for the Sake of Christ!
          drprodny
  • Apple stock always low just like AMD so what.

    Steve is sick give him a break. He is also going to die one day, If Apple is nothing without Steve then it is time to reinvent Apple.

    Bill Gates left kind of and Microsoft getting ready to release the best Windows yet. If Steve Ballmer left Microsoft might be able to actually be great.

    A company needs to be a team.

    AMD is the best and their stock never shows it either so what. Apple atock never been something to write home about,
    Randalllind
    • Re: Bill Gates

      People haven't thought of MS as Bill Gates for a long time. What's more, MS announced Gates departure years before he actually left. The shareholder were prepared.

      Keeping it private just leads to volatility and uncertainty. Investing should be based on facts and there should be full transparency.

      Unfortunately for Job's, he's viewed as Mr. Apple (a view he's frequently played up over the last 10+ years).
      notsofast