GENEVA, SWITZERLAND – One of the most successful companies based in the US, Apple, is losing its long-time leader, Steve Jobs, 56, who has stepped down as chief executive officer. Jobs, who has had serious health problems for several years, will remain chairman of the board, but the day-to-day running of the company will now be in the hands of his former number two, Tim Cook.
Apple shares immediately did a nosedive when the news was released, dropping 7 percent in after-hours trading, according to Reuters.
Posted by Ellen Wallace on 25 August 2011 at 9:27 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 25 August 2011.
Filed under: News, World news
Tags: Apple, resignation, shares, Steve Jobs
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