Jobs Resigns as Apple CEO, Will Stay on as Board Chairman

In a letter to the board, Jobs urged the company to name COO Tim Cook as the company's new CEO. - Steve Jobs,
56, a veritable legend in the IT business who has battled serious health
problems for several years, announced late Aug. 24 that he is stepping down as
Apple's CEO.
Jobs said in a
letter to the company's board of directors that he would like to remain as chairman of the board and a...

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