Steven Paul jobs were the Chairman and CEO of the very well-known brand Apple Inc. He was also the board member of Walt Disney Company. His personal wealth is estimated to be $8.3 billion. The turning point in his life when in 1976, Jobs and Wozniak, founded Apple Computer Co. in the Jobs family garage and The first personal computer was sold for $666.66 At present Apple release its awesome successful products iPhone and i Pad which show the power of Apple brand. But now he logs out of Apple Company.
Jobs say,"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,” This is said by Steve he resigned as CEO of Apple Inc. on Wednesday He saying that he could no longer fulfill the duties because of his decreasing health, he is suffering from cancer. Jobs have been elected Chairman of the Board and the Board has named Tim Cook, previously Apple's Chief Operating Officer, as the company's new CEO.
Jobs, which fought and survived a rare form of pancreatic cancer, he brings revolution in the field of gadgets with the invention of iPhone and iPad.
Jobs was diagnosed with cancer in 2003 and also went for a liver transplant in 2009. Such has been Jobs' association with Apple that his health has been as widely debated as the various highly successful products of his company.
As COO, Cook was previously responsible for all of the company's worldwide sales and operations, including end-to-end management of Apple's supply chain, sales activities, and service and support in all markets and countries. He also headed Apple's Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships.
In the company statement, Apple co-lead director Art Levinson on behalf of the board praised Jobs’ "extraordinary vision and leadership" and "countless contributions to Apple's success", saying he would continue to serve the company with "unique insights, creativity and inspiration."
However, the statement, which also talked about Cook's outstanding performance, said nothing about Jobs' health. His battle with pancreatic cancer, which has stretched over several years, has been of deep concern to Apple fans, investors and the company's board. Over the past two years, even board members have confided to friends their concern that Jobs, in his quest for privacy, wasn't being forthcoming with directors about the true condition of his health.
Jobs has been on medical leave since January 17, with his duties being filled by Cook, who was chief operating officer.
Jobs spent all Wednesday meeting with board members and top managers at Apple's headquarters at 1 Infinite Loop in Cupertino, and plans to remain active in his new role, a source close to Jobs told Reuters. A second source said Jobs will remain on the board of Walt Disney Co.
Still, some industry insiders express concern that Jobs' has clearly signalled he is too ill to keep up the punishing pace of a top executive job.
The 56-year-old had briefly emerged from medical leave in March to unveil the latest iPad and later attended a dinner hosted by President Barack Obama for technology leaders in Silicon Valley. But his often-gaunt appearance had sparked questions about how bad his illness was and his ability to continue at Apple.
Jobs has earned a reputation for commanding every aspect of operations - from day-to-day running to broad strategic decisions - suggesting he would not have given up the job if he had a choice.
Fans paid tribute but lamented his resignation, openly airing fears for the health of their technology guiding light.
Employees at a downtown San Francisco Apple store huddled in small groups after the news spread through word of mouth.
He is suffering from decreasing health, he include possible hormone imbalances or a recurrence of cancer that is harder to fight once the body has already been weakened.