The Godfather of Tablets, Steve Jobs, Takes a Leave of Absence.
Apple Inc.’s Chief Executive Steve Jobs dropped a bombshell announcement yesterday, sending the company’s share down to more than 8 percent as investors fear for the future of iPhone and iPad. The 55 year old emaciated Jobs has revealed health concerns saying he is taking another leave of absence from his beloved company. Unlike his previous leave of absence, the Godfather of all tablets did not give a time frame for his return.
In his short email letter to his staff, Jobs’ has indicated his request for chief operating officer Tim Cook to assume responsibility for the company’s day-to-day operations in his absence. The letter reads:
At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company.
I have asked Tim Cook to be responsible for all of Apple’s day to day operations. I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011.
I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy.
Jobs was first diagnosed with pancreatic cancer back in 2003. He underwent surgery and tried various alternative medicines. After about 5 years, reports of Job’s frailing health returned when the once “muscular” Jobs appeared almost half his former size at press conferences.
In January 2009, Jobs provided an explanation saying he was suffering from a hormone imbalance that was impeding his body’s ability to absorb certain proteins, which caused the weight loss. In that same year, he took a six-month break to have his liver transplant in April. After two months of recuperation, the workaholic Jobs returned to work at Apple in July.
During these leave of absences, Cook was appointed to take control of the day-to-day operations of the company, guiding it through the launch of the iPhone 3GS, as well as some of the final stages of the production of the iPad.
Now that his battle with the Big C had returned, investors are concern as to who will Apple groom to be his successor. Many investors feel that Jobs can never truly be replaced as CEO, since the company’s success is closely tied to Jobs. His vision and persona are so fundamentally linked with the company.
Jobs, the short-tempered and charismatic leader, rescued Apple inc., the company he co-founded (with Steve Wozniack) and later resigned from, from a near death episode in 1996.
The launch of the iPhone, a smartphone with a touchscreen in 2007, and the iPad, a tablet computer in 2010, forged new business lines for the company that created the personal computing category and helped lead the technology industry into new directions.