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Somber day: Steve Jobs signs off as Apple CEO

Thursday, August 25, 2011

imageAlthough he had stepped away from daily duties at Apple in January after taking his third medical leave while being treated for pancreatic cancer, word of the legendary tech guru’s resignation as CEO hit the technology world with a jolt. Apple’s stock sank 5 percent in after hours trading. Veteran COO Tim Cook replaces him. And while Jobs remains chairman, the mood surrounding the resignation was anything but upbeat. Says company co-founder Steve Wozniak: “I think that Steve knows what he is doing. He is taking the best road for him and Apple.”

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