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Old 08-24-2011, 08:39 PM   #1 (permalink)
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Default Steve Jobs steps down as CEO of Apple



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The end of an era came Wednesday evening when Steve Jobs stepped down as CEO of Apple. Forbes Brian Caulfield has the story here, which includes the naming of Tim Cook, who has filled in for Jobs twice during medical-related leaves of absence including the current one, as CEO.

Jobs expressed his desire to remain as chairman of Apple’s board, a request his fellow directors will almost certainly honor. On Thursday the market reaction to the news, and the response from the Apple bulls, who have sent shares of the iPod, iPhone and iPad-maker on a dizzying run over the last several years, will be interesting to watch.

After-hours, following a halt on the news, shares of Apple dropped 5%, or $20.18, to $356.
Steve Jobs Steps Down, Apple Shares Drop 5% After-Hours - Forbes
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