Steve Jobs Resignation of the Day: Steve Jobs has resigned as CEO of Apple in a letter to the Apple Board of Directors and the Apple community.
In his letter, Jobs said he can “no longer meet [his] duties and expectations as Apple’s CEO,” and recommended that Apple appoint COO Tim Cook as his replacement.
The board announced that it would, in fact, appoint Cook as CEO, and Jobs would become the Chairman of the Board. Cook will also join the board effective immediately.
[yahoo]
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