Don't miss

Replay


LATEST SHOWS

#THE 51%

The extraordinary tale of the Egyptian mother who lived as a man

Read more

THE INTERVIEW

Erdogan: 'Turkey may provide logistical support to Saudi-led operation in Yemen'

Read more

#TECH 24

Singularity University: Plotting a high-tech future for humans?

Read more

ENCORE!

Sound Bites: Eating on tour with Franz Ferdinand's Alex Kapranos

Read more

REVISITED

Video: A wind of freedom blowing in Kuwait

Read more

THE INTERVIEW

Daniel Pipes: 'Obama has quite a hostility towards Israel'

Read more

FASHION

When haute couture becomes ready-to-wear for Alaïa, Jarrar and Kayrouz

Read more

BUSINESS DAILY

Oil prices fall after supply fears subside

Read more

INSIDE THE AMERICAS

US presidential election: Who looks set to run in 2016?

Read more

Business

Apple CEO Steve Jobs takes new medical leave

Text by News Wires

Latest update : 2011-01-18

Apple CEO Steve Jobs announced Monday that he was taking a new leave of absence for health reasons, leaving daily operations to his chief operating officer, who has taken the helm twice since Jobs first fell ill in 2004.

AP - Apple Inc. founder and CEO Steve Jobs sent a note Monday to employees saying he’s taking a medical leave of absence so he can focus on his health.

He says he will continue as CEO and be involved in major decisions but has asked chief operating officer Tim Cook to be responsible for all day-to-day operations.
 
Jobs says he loves Apple and hopes to be back as soon as he can. He says he and his family would appreciate respect for their privacy.
 
Cook took the company reins when Jobs, a pancreatic cancer survivor, went on medical leave from January through June 2009.
 
It was Cook’s second stint leading Apple. Cook, who joined Apple in 1998, ran the Cupertino, California-based company for two months in 2004 while Jobs recovered from surgery for pancreatic cancer. His performance then won him the promotion to chief operating officer in 2005.
 
Analysts credit Cook with solving problems that Apple was having with inventory management. Many people consider Cook as Jobs’ logical successor.
 
Under Cook’s direction in 2009, the company kept cranking out well-received products including updated laptops with lower entry-level prices and a faster iPhone with many longed-for features. Apple sold more than a million of the new iPhone 3GS during its first three days on the market.

 

Date created : 2011-01-17

  • TECHNOLOGY

    Apple's Steve Jobs unveils 'iPhone 4'

    Read more

  • APPLE

    Steve Jobs makes case against Adobe Flash software

    Read more

COMMENT(S)