“Stay hungry. Stay foolish.” -Steve Jobs’s advice to Stanford’s 2005 graduating class

Steve Jobs in 2010. Photo credit: Matthew Yohe.

Last week, Steve Jobs stepped down as CEO of Apple, Inc. According to the Wall Street Journal, Jobs wrote in his letter of resignation, “I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.”

Former COO Tim Cook has taken over as Apple’s CEO, and Jobs will now serve as the company’s Chairman of the Board. Jobs’s resignation is due to health issues.

In his letter of resignation, Jobs wrote:

I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.

I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.


The Wall Street Journal reports, “The announcement likely marks the end of one of the most extraordinary careers in U.S. business history.”

Jim Corrigan, author of the Morgan Reynolds title Business Leaders: Steve Jobs, wrote, “Jobs’s most admirable quality is the bold persistence with which he pursues objectives. He never gives up, no matter how difficult or tenuous his situation.” And he hasn’t given up on Apple. As chairman of the board, Jobs plans to remain active in the company, all the while watching it grow and flourish.

Adrianne Loggins
Associate Editor

For more information about Steve Jobs, check out Business Leaders: Steve Jobs by Jim Corrigan (ISBN 9781599350769).

Published in: on August 29, 2011 at 1:57 pm  Leave a Comment  
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