• Steve Jobs Resigns as Apple CEO



    Breaking news tonight out of Cupertino, California. Apple CEO Steve Jobs, 56, has resigned as chief executive officer of the iconic tech firm he co-founded in the late 1970's.

    According to a press release issued by Apple, Jobs said the following to the Apple Board of Directors and the broader 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.
    MMi will have more coverage as this breaking story develops.

    Image source: Time
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