Steve Jobs: ‘I Hereby Resign As CEO Of Apple’

News broke Wednesday night that Steve Jobs has submitted his resignation as CEO of Apple, one of the biggest companies in the world. WSJ: Jobs, the ailing tech visionary who founded Apple, said he was unable to continue as CEO of the technology giant and handed the reins to chief operating officer Tim Cook. NYT: Jobs, 56, has been on medical leave since January, his third such absence. He underwent surgery for pancreatic cancer in 2004, and received a liver transplant in 2009. But as recently as a few weeks ago, Jobs was negotiating business issues with another Silicon Valley executive. Bloomberg: The day of the announcement, Jobs was in Apple’s Cupertino, Calif., office for the entire work day, and he attended a regularly scheduled board meeting, according to a person close to Jobs, who was not authorized to speak about the executive’s health. While Jobs has been housebound for the past few weeks and his condition is weak, the resignation was not indicative of a sudden worsening, this person said. TechCrunch: We all know the broad strokes: A boy is born to a graduate student and her Syrian boyfriend. She places the boy up for adoption. He comes to live with Paul and Clara. Paul is a machinist who moved to San Francisco after World War II. He grows up in Santa Clara county. It’s flat, lots of one-story buildings, mostly middle/upper middle class, outside of the bad parts. Parts of it are pretty, parts aren’t. He wasn’t coddled. His biological mother makes his adoptive parents promise to send him to college. In fourth grade, he has a great teacher and, presumably, another and another. His parents scrape to send him to Reed. He drops out of college and starts dropping in on classes that interest him. He makes money returning bottles, and he hits the Hare Krishna temple now and then for a free meal. He takes calligraphy, eschews the typical coursework, and at age 20, he and a buddy start a company. AllThingsD: Jobs’ resignation is the end of an extraordinary era not just for Apple, but for the global technology industry in general. Jobs is a historic business figure whose impact was deeply felt far beyond the company’s Cupertino headquarters, and who was widely emulated at other companies. Business Insider / Silicon Alley Insider: During Jobs’ run as head of Apple, the creations of his company impacted a huge number of industries. Perhaps the most, however, was the media world. Forbes: Jobs always controlled the media, even back in the early 1980s. When I was a senior editor at Newsweek, he commanded our attention twice. For me, each time was memorable. GigaOM: Jobs (and by extension, Apple) has taught me (and I am sure others) a big lesson: If you want to change something, you have to be patient and take the long view. If Apple’s and Steve’s incredible comeback teaches us something, it’s that when you are right and the world doesn’t see it that way, you just have to be patient and wait for the world to change its mind. AdAge/ Digital: By my count, Jobs changed the world five times. Five. TVNewser: Jobs’ resignation sent cable news — particularly the business channels — into overdrive. CNET / InSecurity Complex: While many consumers were imagining an Apple without Jobs, industry leaders were publicly recognizing him for changing the face of personal computing and inspiring next-level gadget design. CNET / Apple Talk: Culturally, one of the other big what-ifs is whether Jobs’ stepping down sets off the departures of other key executives. AllThingsD: The fact is that Apple does have a plan, and chose, I think wisely, to keep most of the details related to it confidential. On the very last page of Apple’s corporate governance guidelines, you find that the company designates its compensation committee, a subset of its board of directors, as the body responsible for succession planning. Business Insider / Silicon Alley Insider: But two or three years down the road? If Jobs does not come back, here’s what Apple will lose. Slate: There are few sure things in tech, but this is something you can take to the bank: Apple isn’t going to die now that Jobs has resigned as CEO. It’s not even going to stumble. CNET: Cook, the man named to replace Jobs, already has extensive experience running the company.

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