Apple boss Steve Jobs resigns as CEO | RetailDetail

Apple boss Steve Jobs resigns as CEO

As expected for a while – but still a surprise when it finally became true – Steve Jobs has resigned as Apple CEO, probably because of medical reasons. Steve Jobs was immediately replaced by current COO Tim Cook, while the Apple board appointed him to the newly created position of Chairman. 

The largest company in the world

Steve Jobs, 56 since February, expanded the company from a home-based enterprise to the most valuable company in the world – according to share prices. Since 1997, start of his second life at Apple after a twelve year absence due to internal differences, Apple changed from a lowly computer manufacturer to an empire of many kinds of electronic devices ranging from music players over mobile phones to tablets. 

 

Shares rose from 5 to 376 dollar (4 to 260 euro) under his second reign – driven by the immense popularity of products like iPhone, iPod and iPad. Still, some critics claim he is a visionary but a failure as a manager, being “unattractive and oldfashioned” (as Harvard professor William C. Taylor once said). 

Probably (but not officially) for health reasons

Jobs had been diagnosed with pancreatic cancer in 2003, but recovered later... only to find out that the cancer had spread to his liver. He had already been on medical leave since January this year. Some financial analysts expect that without its leader in charge, Apple's stock will crash down. However, others point to the fact that Cook's reign in 2009 oversaw a 60% share rise in six months. Cook sometimes is very outspoken, once famously stating that the iPhone is becoming way too expensive.

Full original letter

Steve Jobs's resignation letter only consisted of eight sentences:

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

As expected for a while – but still a surprise when it finally became true – Steve Jobs has resigned as Apple CEO, probably because of medical reasons. Steve Jobs was immediately replaced by current COO Tim Cook, while the Apple board appointed him to the newly created position of Chairman. 

The largest company in the world

Steve Jobs, 56 since February, expanded the company from a home-based enterprise to the most valuable company in the world – according to share prices. Since 1997, start of his second life at Apple after a twelve year absence due to internal differences, Apple changed from a lowly computer manufacturer to an empire of many kinds of electronic devices ranging from music players over mobile phones to tablets. 

 

Shares rose from 5 to 376 dollar (4 to 260 euro) under his second reign – driven by the immense popularity of products like iPhone, iPod and iPad. Still, some critics claim he is a visionary but a failure as a manager, being “unattractive and oldfashioned” (as Harvard professor William C. Taylor once said). 

Probably (but not officially) for health reasons

Jobs had been diagnosed with pancreatic cancer in 2003, but recovered later... only to find out that the cancer had spread to his liver. He had already been on medical leave since January this year. Some financial analysts expect that without its leader in charge, Apple's stock will crash down. However, others point to the fact that Cook's reign in 2009 oversaw a 60% share rise in six months. Cook sometimes is very outspoken, once famously stating that the iPhone is becoming way too expensive.

Full original letter

Steve Jobs's resignation letter only consisted of eight sentences:

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

Questions or comments? Please feel free to contact the editors


Amazon bans customers who return too much

24/05/2018

Amazon is putting a stop to customers that return too many items or that “misbehave” according to the retailer: whoever crosses the line, will be banned. Dozens of customers have taken to social media to complain about this unilateral account removal.

Amazon now delivers packages to car trunks

25/04/2018

From now on, Amazon delivers orders to the trunk of your car. The retail and technology giant has given its Prime subscribers access to get packaged delivered to the trunk of their car, without any additional costs. The service is currently limited to the United States.

Dutch Beate Uhse division not bankrupt after all

05/04/2018

German Beate Uhse’s Dutch subsidiary has not gone bankrupt after all and will continue its activities in both Belgium and the Netherlands. The company revealed the information itself after bankruptcy rumours surfaced.

Amazon often cheaper than Dutch competitors

03/04/2018

Products that are available on both Dutch web shops and Amazon.de, are cheaper at Amazon in about half the cases. Not only do Dutch stores compete with Amazon.de, which ships to the Netherlands, but there are also rumours that Amazon.nl and Amazon.be will soon become more active.

Trump targets Amazon

03/04/2018

President Donald Trump has apparently targeted Amazon as his new enemy. He feels the retail giant is taking advantage of the U.S. Postal Service, something he wishes to remedy with a series of new rules and legislation.

Amazon undisputed ruler of French online world

29/03/2018

Amazon is the undisputed leader of the French online world thanks to a 5.6 billion euro turnover and a 19 % market share. According to Kantar Worldpanel, the overall online market in France was worth 30 billion euro in 2017.