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Apple founder Steve Jobs announced his resignation today. Photo: Matt Yohe


The Inertia

Apple founder Steve Jobs announced his resignation today, claiming he no longer believed he could meet the position’s demands. Jobs, who has been battling a rare form of pancreatic cancer since 2004, recommended Tim Cook replace him. He stated the following in a press release distributed earlier today:

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.

With Apple’s visionary now removed, it will be interesting to watch the firm’s next steps, especially in light of Google’s recent Motorola acquisition.

 
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