Jobs Steps Down at Apple
Steve Jobs has stepped down as C.E.O. (chief operating officer) of Apple Inc. “I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s C.E.O., I would be the first to let you know. Unfortunately, that day has come,” Jobs wrote in his a letter of resignation. He was diagnosed with pancreatic cancer in 2004 and had a liver transplant in 2009.
Steve Jobs founded Apple, with Steve Wozniak and Ronald Wayne, in 1976. After losing a power struggle with the board of directors, Jobs resigned in 1985. At the time of his return to Apple in 1996, the stock price was $9 a share; today, it’s $376 a share, and Apple vies with Exxon Mobil for the title of world’s most valuable company. Jobs will continue to serve the company as chairman of the board. Under his leadership, Apple revolutionized the consumer electronics industry with such products as the iMac, the iPod, the iPhone, and the iPad.
Additional World Book articles:
- iPod (Back in Time article)