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Steve Jobs Resigned as CEO of Apple

blackhawk1331
Posts: 4,932
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8/25/2011 11:35:46 AM
Posted: 5 years ago
http://money.cnn.com......

http://money.cnn.com......

I don't know how many of you are aware, but Steve Jobs has resigned as the CEO of Apple. Yesterday was definitely a cold day in Hell. Last I read, it isn't known who will have the herculean task of filling Jobs' shoes, but Jobs recommended Tim Cook. Hopefully Mr. Cook will do as well as Jobs, but only time will tell. Apple didn't release Jobs' reason for resignation, but I fear it may be health. He has already taken 3 medical leaves, and, unless I read wrong, will be taking another medical leave soon(ish). Hopefully he just wants to get someone new in to have time for them to warm up to the job in case he has to save Apple again.

Thoughts?
Because you said it was a waste, numb nuts. - Drafter

So fvck you. :) - TV

Use prima facie correctly or not at all. - Noumena
Greyparrot
Posts: 14,268
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8/25/2011 11:39:04 AM
Posted: 5 years ago
At 8/25/2011 11:35:46 AM, blackhawk1331 wrote:
http://money.cnn.com......

http://money.cnn.com......

I don't know how many of you are aware, but Steve Jobs has resigned as the CEO of Apple. Yesterday was definitely a cold day in Hell. Last I read, it isn't known who will have the herculean task of filling Jobs' shoes, but Jobs recommended Tim Cook. Hopefully Mr. Cook will do as well as Jobs, but only time will tell. Apple didn't release Jobs' reason for resignation, but I fear it may be health. He has already taken 3 medical leaves, and, unless I read wrong, will be taking another medical leave soon(ish). Hopefully he just wants to get someone new in to have time for them to warm up to the job in case he has to save Apple again.

Thoughts?

Hopefully a CEO that does not own the company will make better objective decisions.
Ore_Ele
Posts: 25,980
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8/25/2011 11:44:13 AM
Posted: 5 years ago
http://en.wikipedia.org...

Tim Cook has been the stand in CEO for all three of Jobs' medical leaves, starting back in 2004. Ever since Jobs began having medical issues, Tim Cook has been the expected replacement (thus why he was always the one filling in). He knows what he is doing. While he probably won't be no Steve Jobs, he still knows what the heck needs to get done and the company will do fine (expect a new product to be released shortly, like a month or so, to help the company rebound from the stock loss of Jobs leaving).

I actually believe that the new iPhone was intentionally held (they have historically been released in June and July each year) because Steve knew that he wouldn't stay much longer and wanted some product in the wings so that when he left, the speculators could be distracted by a shiney new toy.
"Wanting Red Rhino Pill to have gender"
quailman77
Posts: 5
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8/25/2011 11:45:34 AM
Posted: 5 years ago
Tim Cook's a good guy he'll do just as well as jobs. Plus jobs is sitting on the board and will basically still control things he'll just step down on day to day operations
blackhawk1331
Posts: 4,932
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8/25/2011 12:34:59 PM
Posted: 5 years ago
At 8/25/2011 11:44:13 AM, Ore_Ele wrote:
http://en.wikipedia.org...

Tim Cook has been the stand in CEO for all three of Jobs' medical leaves, starting back in 2004. Ever since Jobs began having medical issues, Tim Cook has been the expected replacement (thus why he was always the one filling in). He knows what he is doing. While he probably won't be no Steve Jobs, he still knows what the heck needs to get done and the company will do fine (expect a new product to be released shortly, like a month or so, to help the company rebound from the stock loss of Jobs leaving).

I actually believe that the new iPhone was intentionally held (they have historically been released in June and July each year) because Steve knew that he wouldn't stay much longer and wanted some product in the wings so that when he left, the speculators could be distracted by a shiney new toy.

I agree on the iphone holding. Plus, they always release in September/October. Also, Jobs isn't leaving, he's the Head of the Board, or at least he requested that position.
Because you said it was a waste, numb nuts. - Drafter

So fvck you. :) - TV

Use prima facie correctly or not at all. - Noumena
Ore_Ele
Posts: 25,980
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8/25/2011 12:44:17 PM
Posted: 5 years ago
At 8/25/2011 12:34:59 PM, blackhawk1331 wrote:
At 8/25/2011 11:44:13 AM, Ore_Ele wrote:
http://en.wikipedia.org...

Tim Cook has been the stand in CEO for all three of Jobs' medical leaves, starting back in 2004. Ever since Jobs began having medical issues, Tim Cook has been the expected replacement (thus why he was always the one filling in). He knows what he is doing. While he probably won't be no Steve Jobs, he still knows what the heck needs to get done and the company will do fine (expect a new product to be released shortly, like a month or so, to help the company rebound from the stock loss of Jobs leaving).

I actually believe that the new iPhone was intentionally held (they have historically been released in June and July each year) because Steve knew that he wouldn't stay much longer and wanted some product in the wings so that when he left, the speculators could be distracted by a shiney new toy.

I agree on the iphone holding. Plus, they always release in September/October. Also, Jobs isn't leaving, he's the Head of the Board, or at least he requested that position.

They release their iPods in September. iPhones have classically been released early Summer.

iPhone - Announced Jan 2007, released June 2007
iPhone 3G - Announced May 2008, Released July 2008
iPhone 3GS - Announced June 2009, Released June 2009
iPhone 4 - Announced June 2010, Released June 2010
"Wanting Red Rhino Pill to have gender"
blackhawk1331
Posts: 4,932
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8/25/2011 12:48:23 PM
Posted: 5 years ago
At 8/25/2011 12:44:17 PM, Ore_Ele wrote:
At 8/25/2011 12:34:59 PM, blackhawk1331 wrote:
At 8/25/2011 11:44:13 AM, Ore_Ele wrote:
http://en.wikipedia.org...

Tim Cook has been the stand in CEO for all three of Jobs' medical leaves, starting back in 2004. Ever since Jobs began having medical issues, Tim Cook has been the expected replacement (thus why he was always the one filling in). He knows what he is doing. While he probably won't be no Steve Jobs, he still knows what the heck needs to get done and the company will do fine (expect a new product to be released shortly, like a month or so, to help the company rebound from the stock loss of Jobs leaving).

I actually believe that the new iPhone was intentionally held (they have historically been released in June and July each year) because Steve knew that he wouldn't stay much longer and wanted some product in the wings so that when he left, the speculators could be distracted by a shiney new toy.

I agree on the iphone holding. Plus, they always release in September/October. Also, Jobs isn't leaving, he's the Head of the Board, or at least he requested that position.

They release their iPods in September. iPhones have classically been released early Summer.

iPhone - Announced Jan 2007, released June 2007
iPhone 3G - Announced May 2008, Released July 2008
iPhone 3GS - Announced June 2009, Released June 2009
iPhone 4 - Announced June 2010, Released June 2010

Sorry, I meant iPods and laptops for September.
Because you said it was a waste, numb nuts. - Drafter

So fvck you. :) - TV

Use prima facie correctly or not at all. - Noumena
darkkermit
Posts: 11,204
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8/25/2011 1:16:54 PM
Posted: 5 years ago
At 8/25/2011 11:39:04 AM, Greyparrot wrote:
At 8/25/2011 11:35:46 AM, blackhawk1331 wrote:
http://money.cnn.com......

http://money.cnn.com......

I don't know how many of you are aware, but Steve Jobs has resigned as the CEO of Apple. Yesterday was definitely a cold day in Hell. Last I read, it isn't known who will have the herculean task of filling Jobs' shoes, but Jobs recommended Tim Cook. Hopefully Mr. Cook will do as well as Jobs, but only time will tell. Apple didn't release Jobs' reason for resignation, but I fear it may be health. He has already taken 3 medical leaves, and, unless I read wrong, will be taking another medical leave soon(ish). Hopefully he just wants to get someone new in to have time for them to warm up to the job in case he has to save Apple again.

Thoughts?

Hopefully a CEO that does not own the company will make better objective decisions.

Why would it make a difference? If anything it creates a principal-agent problem.
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