Wednesday, August 24, 2011

Steve Jobs Resigns As CEO of Apple

Silicon Valley legend Steve Jobs resigned today as chief executive of Apple Inc in a stunning move at the technology giant he co-founded in a garage.

The 55-year-old Apple co-founder and pancreatic cancer survivor has been on medical leave for an undisclosed condition since January 17.

Apple said Steve Jobs has been elected chairman and Tim Cook has been elected CEO.

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