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Steve Jobs resigns from CEO post, Tim Cook takes over

Steve Jobs resigned today as Apple CEO, the founder of the successful company mentioned that the reason was due to health problems therefore he couldn’tĀ fulfill his duties. His resignation letter mentioned that he has asked the board of directors that he may be the chairman if possible.

Steve has mentioned that Tim Cook should be appointed as CEO, the board of directors have placed Cook as the CEO and Jobs as the chairman. Apples shares have also had a slight downfall.