Apple CEO Steve Jobs taking leave of absence | iLounge News

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Apple CEO Steve Jobs taking leave of absence

CNBC is reporting that Apple co-founder and CEO Steve Jobs is taking a leave of absence from the company due to health reasons. Earlier this month, Apple published an open letter from Jobs, in which he blamed his recent weight loss on a “hormone imbalance.” He said it would take several months to regain the weight, and reassured investors and followers alike that he would remain Apple’s CEO during his recovery. The story is developing; we will update this story as more details emerge.

Update: Apple has released a copy of Jobs’ internal email sent out to Apple employees announcing the decision. The full text appears below.

“Team,

I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.

In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.

I have asked Tim Cook to be responsible for Apple’s day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.

I look forward to seeing all of you this summer.

Steve”

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Comments

1

Just received this from a CNN Breaking News email:

—Apple CEO Steve Jobs takes leave until end of June; Jobs says health issues “more complex than I originally thought.”

Posted by Jim on January 14, 2009 at 4:55 PM (CST)

2

this is not a big shock. the guy,  under pressure from the media who like to pry into folks private lives, admitted to a GI problem and said it would take time to recover. a lot of the world probably assumed he was going to go on leave anyway.

all this letter is for is to keep that same media, who are stalking the Apple campus, from posting that he’s dead when he doesn’t drive up every morning. but he’ll still be ichatting as needed so it will be like he isn’t gone.

and hell maybe this is a good thing. it will prove to the naysayers that Steve doesn’t have to be there to run every tiny little thing in the company. that there are smart folks that know their jobs and can do them without him to wipe their butts for them.  cause the message of having other folks at the big product announcements clearly hasn’t been enough.

Posted by lucas on January 14, 2009 at 5:35 PM (CST)

3

lucas,

watch the stock prices plummet on this news. That should prove that a lot of the world _didn’t_ assume he was going to go on leave. ;-)

This isn’t good news for the market - the problem is Steve is notoriously controlling and involved in most aspects of company decisions. The market’s not gonna feel too good about the mind that pushed Apple back on top leaving - it’s too big a pill to swallow. From what I’ve read Cook is a genius and every bit the control freak Jobs is. We’ll see if the market agrees :-O

Cheers!

Posted by Warren Piece on January 15, 2009 at 12:16 AM (CST)

4

.. I hope he is doing well and is getting better. .. keep your head up steve!!!

Posted by dennis on January 15, 2009 at 10:39 AM (CST)

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