This generation’s most successful business leader is no longer leading a business.
Jobs’ resignation letter, disclosed by Apple, implied that his health has deteriorated to the point where he can no longer run the company he co-founded in 1976.
Here’s Steve Jobs’ letter in full:
To the Apple Board of Directors and the Apple Community:
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 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.
As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.
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.
In after hours trading Apple shares are down some 5% or $19 on the news.
So what happens to Apple now?
1. Would Apple have ever created the iMac, iPod, iPhone, or iPad without Jobs?
2. Can they create the next ________ without him?
3. Will Tim Cook continue Jobs’ trajectory, or make the company his own?
4. What will Apple, and the future of technology, do without the things that Jobs might have dreamt up and made real?
Any Ideas ?