Steve Jobs quits; hands over Apple reins to Tim Cook

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Steve Jobs
New York, Aug 25: Steve Jobs, has finally called it quits as the chief of one of the most successful technology companies in the world. In his resignation letter addressed to the the Apple Board of Directors and the Apple Community, he stated, "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."

He will hand over the reins of Apple to co-founder Tim Cook, who will succeed Jobs. The part played by Jobs in transforming Apple as one of the biggest names in the technology arena cannot be forgotten. He was on medical leave since Jan 17 for a prolonged time and is believed to have survived a rare form of pancreatic cancer. From humble beginnings, Jobs started operations of Apple from a garage slowly turning it into a multi-million dollar establishment.

In his final letter as chief, he states, "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 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."

Inching towards making Apple the biggest US corporation, 55 year old Jobs has made considerable efforts towards that front. Many have called Jobs' resignation an end of an era. With what started off as an small endeavour at Jobs' family garage and the phenomenal rise of the Apple Corporation to unimaginable heights, a result that can be attributed to Steve Jobs' vision and leadership.

OneIndia News

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