Michal Ždanský Although it may have come as a bolt from the blue for some, it has been talked about for a long time and one day it was bound to come. Steve Jobs, co-founder of Apple, chief executive officer, owner of Pixar and member of the Disney executive board, resigned from his position as the head of Apple on Wednesday.
Jobs has been plagued by illnesses for several years, he underwent pancreatic cancer and a liver transplant. In January of this year, Jobs went on medical leave and left the scepter to Tim Cook. He already confirmed his abilities in the past during the absence of Steve Jobs at the helm due to health reasons.
However, he is not leaving Apple completely. Although, according to him, he is unable to fulfill the daily agenda that is expected of him as a chief executive, he would like to remain the chairman of Apple's board of directors and continue to serve the company with his unique perspective, creativity and inspiration. As his successor, he recommended the proven Tim Cook, who has de facto led Apple for half a year.
Shortly after the announcement, Apple shares fell by 5%, or by $19 per share, however, this drop is expected to be only temporary and the value of Apple's stock should soon return to its original value. Steve Jobs announced his resignation in an official letter, the translation of which you can read below:
Source: AppleInsider.comTo the Apple Executive Board and the Apple Community:
I've always said that if there ever comes a day when I can no longer fulfill my duties and expectations as Apple's CEO, I will be the first to know. Unfortunately, this day has come.
I hereby resign as CEO of Apple. I would like to continue to serve as a member and chairman of the board and an employee of Apple.
Regarding my successor, I strongly recommend that we begin our succession plan and name Tim Cook as Apple's CEO.
I believe Apple has its best and most innovative days ahead of it. And I look forward to being able to observe and contribute to this success in my role.
I've made some of the best friends in my life at Apple, and I thank you for all the years I've been able to work alongside you.
Pixar is currently owned by Disney as far as I know
Currently, Jobs should own 7% of Pixar shares.
which does not mean that he is the owner. The owner can be the one who owns the majority share.
Inaccurately. Pixar sold Disney and is now 7% (the largest owner of Disney. By the way, he is the only person who managed to have his 2 brands in the TOP 10 most valuable brands in the world - Apple and Disney
I don't want to see what happens when Steve Jobs dies :(
I think "former owner of Pixar" is correct. So that was probably intended, right?
The owner of Pixar is Disney, the owner of the majority of Disney shares is Steve Jobs.
If I'm not mistaken, Steve sold Pixar to Disney for 20% of Disney stock, making him the largest owner of Disney stock