Monday, January 17, 2011

Steve Jobs to Take Medical Leave

Here's the email Jobs sent to Apple employees:


At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company.

I have asked Tim Cook to be responsible for all of Apple’s day to day operations. I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011.

I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy.

 In 2004, Jobs contracted pancreatic cancer, from which he recovered. Then he underwent a liver transplant in 2009.

UPDATE: On the Jobs' news, Apple stock is down by 6% in Germany this morning. U.S. markets are closed in observance of Martin Luther King Day.

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