CEO and co-founder of Apple Inc. emailed his employees this morning explaining that he would be stepping down to focus on his health. CNN reported that the turtlenecked CEO would be keeping his title and still take part in major decisions.
Tim Cook, Apple's Chief Operating Officer, will be responsible for the day-to-day operations of the company.
Jobs had a liver transplant over a year ago. He is notorious for keeping his health matters private.
The New York Times reported that upon the announcement, Apple's stock plunged on the foreign exchanges.
Probably why he keeps his health information private!
Gossip Pearls loves Steve Jobs. We think he is a genius and hope that he will be back at Apple very soon.
We're always at the edge of our seat waiting for the next big thing coming out of Apple!
In the meantime, we have great confidence in the current management team and think things at Apple are in great hands.
Take Care of Yourself, Steve!!!