steve jobs resigns as ceo

Discussion in 'Apple' started by Guest, Aug 24, 2011.

  1. Guest

    Guest Guest

    Guest, Aug 24, 2011
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  2. Guest

    Warren Oates Guest

    Shit. The dude's dying. I almost feel like I did when John Lennon got
    shot. It's weird: we thought these guys would always be there.

    It won't be the same.
    Warren Oates, Aug 24, 2011
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  3. And, after hours, Apple stocks plummeted more than 5%. What's this
    about? Tim Cook has all my confidence for managing Apple users for as
    long as Mr. Jobs himself could have.
    Mark Spencer 256, Aug 25, 2011
  4. Guest

    Alan Browne Guest

    Markets anticipate what other stock holders might do, rational or not.
    Alan Browne, Aug 25, 2011
  5. Guest

    Alan Browne Guest


    OTOH Jobs was immediately elected Chairman of the board and Cook will
    become CEO and join the board.
    Alan Browne, Aug 25, 2011
  6. About Tim Cook sound reasoning:

    "Almost from the time he showed up at Apple, Cook knew he had to pull
    the company out of manufacturing. He closed factories and warehouses
    around the world and instead established relationships with contract


    That's it, that's all. You give contracts to Foxconn and you have nets
    installed between the first and second floor so that suicide is not so easy.

    Realpolitik management!
    Mark Spencer 256, Aug 25, 2011
  7. Guest

    Sandy Foster Guest

    Even though we've known it was going to come, it's still a shock for
    this day to actually arrive. I hope Steve Jobs will regain his health
    and be able to contribute to Apple for a very long time. I wish him and
    Tim Cook the very best; Mr. Cook has some very large shoes to fill.
    Sandy Foster, Aug 25, 2011
  8. Indeed. 56 is early for someone like Steve to step down. What a shame he
    fell ill back in 2004.
    Jamie Kahn Genet, Aug 25, 2011
  9. Guest

    Tim McNamara Guest

    Hopefully. Historically that did not happen...
    Tim McNamara, Aug 25, 2011
  10. Guest

    Tim McNamara Guest

    Tim McNamara, Aug 25, 2011
  11. Guest

    Tim McNamara Guest

    Sp do lemmings...
    Tim McNamara, Aug 25, 2011
  12. Guest

    Wes Groleau Guest

    Wes Groleau, Aug 25, 2011
  13. Guest

    JF Mezei Guest

    Towards the end of july, the leader of the official opposition party in
    Canada announced he had anouther bout with cancer and would temporarily
    step down during treatments.

    he died this past monday.A few key people knew his treatments failed.
    But it wasn't until the announcement of his death tyat the public/media
    found out.

    The announcement from Jobs means 2 things:

    1- He knows he won't have the energy to come back as active CEO.

    2- He is confident that Apple/Cook can continue in the right direction
    without his day to day guidance , so he can make is leave of absence

    3- His election as chairman of the board also signals that he won't be
    completely gone yet and that makes for a more progressive transition to
    a Jobs-less Apple.

    In practice, I suspect he is to be chairman emeritus with someone else
    being the operative chairman and doing day to day stuff to manage the
    board. This way, Jobs can contribute whatever his health allows, and if
    he can't contribute some month, the company won't stop.

    In a week or two, I suspect Apple will send out invitation for the media
    to attend teh launch of a new iphone and Apple will show that it can
    dazzle without Jobs.

    There is no coincidence to the timing of Jobs' announcement. It is
    likely related to product launch schedule more than the progression of
    Jobs' illness.

    lets face it, his last appearance showed an unhealthy continued loss of
    weight. It was pretty obvious Jobs wasn't coming back full time at
    Apple. What is not obvious is how long he's got left to live.
    JF Mezei, Aug 25, 2011
  14. Guest

    Kurt Ullman Guest

    Hopefully. Historically that did not happen...[/QUOTE]

    At least within the Apple history, the major difference is that this
    time Steve chose, groomed, and mentored his replacement. The last time
    he was tossed out by the bean counters. So, we'll see if it is different
    this time.
    Kurt Ullman, Aug 25, 2011
  15. Guest

    Alan Browne Guest

    He's built a much more solid team who breathe the "Apple way" very
    naturally. In cases of doubt, the mantra is already, "What would Steve do?"

    Over time that will inevitably drift - but the next 5 years should be
    pretty much on course.
    Alan Browne, Aug 25, 2011
  16. Why do you say he was elected chairman of the board now? He has been
    chairman of the board for years. He remains chairman because he didn't
    resign from that position.
    The board doesn't do day-to-day stuff.
    More like a month or two. And Jobs might still be involved in product
    Michelle Steiner, Aug 25, 2011
  17. Guest

    Alan Browne Guest

    Read the press release. Apparently he was re-elected even if they
    didn't use the "re-" term.
    Per his resignation letter, he wishes to remain as an employee as well.
    Alan Browne, Aug 25, 2011
  18. Read the press release. Apparently he was re-elected even if they
    didn't use the "re-" term.[/QUOTE]

    My error. Prior to yesterday, Apple didn't have a chairman of the board,
    and Jobs was indeed elected to the position yesterday.

    My apologies to all.
    Michelle Steiner, Aug 25, 2011
  19. Guest

    Alan Browne Guest

    No biggie at all.
    Alan Browne, Aug 25, 2011
  20. Guest

    Tim McNamara Guest

    And: "We live, we do stuff, we die and other people live and do stuff
    and die after we're gone. Get over it."
    Tim McNamara, Aug 25, 2011
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