Steve Jobs, the ailing visionary and co-founder of Apple Inc. has resigned. The resignation came during a meeting with his board of directors on Wednesday, where he stated that he was no longer able to operate as the chief executive and handed the responsibility over to his COO, Tim Cook.
Although he will no longer be the CEO of Apple Inc., he will remain on the board of directors as chairman.
What’s most admirable about Jobs is the fact that his yearly salary was only $1 despite the fortune he made on Apple’s innovative products. He still, however, owns 2.1 billion in shares with the company. And whoever knew that he is currently the largest shareholder with Disney??? His stock alone with them is worth 4.4 billion.
Job’s declining health is due to his diagnosis of pancreatic cancer back in 2004. He also underwent a liver transplant 2 years ago.
It is surely a sad day for Apple lovers everywhere. Without this man, we would be without our iPods, iPhones, iPads and MacBooks. I guess this means the end of an era. I’m not sure if anyone will ever be able to fill Job’s role.
DallasNoir 