Apple CEO Steve Jobs steps down

Steve Jobs has resigned as CEO of almost certainly as a result of deteriorating health, closing the book on one of the most successful and iconic leadership stints in U.S. corporate history. The 56-year-old co-founder of what is today the second-most valuable company in the world announced Wednesday he can no longer continue in his role as CEO. Although Mr. Jobs did not specifically list medical issues as the reason behind his resignation, it is likely that the health concerns which caused him to take an indefinite leave of absence from Apple in January now completely prevent him from running the company. “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,” Mr. Jobs said in a letter to Apple’s board of directors. “Unfortunately, that day has come.”

Source: The Globe and Mail

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