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Steve Jobs Resigns As CEO Of Apple  
User currently offlineracko From Germany, joined Nov 2001, 4857 posts, RR: 20
Posted (3 years 4 months 22 hours ago) and read 2778 times:

Reuters flash.

No matter what you think about Apple, he surely is a giant and has done a lot for the industry.

58 replies: All unread, showing first 25:
 
User currently offlinetugger From United States of America, joined Apr 2006, 5789 posts, RR: 10
Reply 1, posted (3 years 4 months 22 hours ago) and read 2748 times:

So the question is who will be "the decider" from now on at Apple? Steve was a man of absolute power and discerning vision on how products needed to be. He is/was part of the magic of Apple. Even after all the events with him over the recent years and his essentially careful "stepping away" from the helm of Apple I think this will have a big impact due to public and investor perception. He even had to come back and continue doing the launch events with his famous "one more thing", and when he did the stock got a bump.

Should be interesting tomorrow to watch the stock.

Edit to add:
Finally see it the general news:
http://finance.fortune.cnn.com/2011/...pple-steve-jobs-resigns/?iid=HP_LN

Steve will stay on (has requested to at least and I can't imagine the board will do something different) as Chairman.

Tugg

[Edited 2011-08-24 15:59:19]


I don’t know that I am unafraid to be myself, but it is hard to be somebody else. -W. Shatner
User currently offlineKen777 From United States of America, joined Mar 2004, 8481 posts, RR: 9
Reply 2, posted (3 years 4 months 21 hours ago) and read 2678 times:

Jobs is staying on a Chairman of the Board and will continue as an employee.

If the stock takes a dive it will be a great busing opportunity - the iPhone 5 is about ready (with expanded carriers), iPad3 is on the way, iOS5 ready to blow the doors off, some new Mac that redefines the Mac.

I don't see Apple slowing down for years. Tim Cook is outstanding. Jonathan Ive is a genius. And they are pretty representative of Apple's talent.

As for Steve Jobs, one can only wish him all the very best. His achievements are legendary and will be an example for others for generations. Hopefully he will have a long time now to enjoy his family and friends.


User currently offlineALTF4 From United States of America, joined Jul 2010, 1214 posts, RR: 4
Reply 3, posted (3 years 4 months 20 hours ago) and read 2609 times:

With Steve being on medical leave so much recently and fighting some serious health issues, I certainly wish him all the best. I truly hope that his reasons for resigning are not due to unexpectedly worse health conditions, but I fear that is the most realistic explanation.

Hopes and prayers that as more news comes out, that turns out not to be the case.



The above post is my opinion. Don't like it? Don't read it.
User currently offlineKlaus From Germany, joined Jul 2001, 21521 posts, RR: 53
Reply 4, posted (3 years 4 months 20 hours ago) and read 2604 times:

It was obvious that this day would come, but it's still a pivotal event nevertheless.

Given that Steve Jobs is not sharing any details about his health, we can only hope for the best for him personally.

As for Apple, Tim Cook is obviously a fully capable successor. We'll have to see how well he and the rest of the crew will do in the long run with less or no input from Jobs, but it is quite possible that Jobs' essential way of thinking has taken root in the company as such.

Jobs has definitely transformed computing as we know it – and more than once at that. He has never shied away from controversial decisions, and whatever one thinks of the results, his total impact is difficult to overstate.

He has always attacked technology from its human perspective – and as a technology-minded guy I know how far away that really is from the approach most of his peers instinctively take.

Most people who know about human beings understand nothing about technology, and vice versa. That is the primary crux about information technology.

Jobs was one of the first computer entrepreneurs to not just have an instinctive understanding of where the problem was with technology, but also how to bridge that gap. And how to do it with style and taste at that.

And the oddest thing from my point of view is how unique he remained with this approach, how stubbornly almost all of his competitors insisted on ignoring his approach, most driven by a fundamental lack of understanding why it even mattered (such as most tech guys), the rest apparently because they considered Jobs' sometimes obsessive insistence on certain qualities in his products excessive and pointlessly expensive.

But it seems that more and more people actually like products which are constructed and designed with somebody giving a damn about what their experience with the product will be, rather than just dumping a chunk of technology in their lap whose primary property was its bottom-level price with little or no regard to the human beings having to deal with it.

I'm wondering whether Jobs and Apple will remain a one-off eccentricity in the greater scheme of things and if things will eventually fall back to the dull and purely money-dominated default that's dominating the rest of the industry.

Or if the inspiration may yet catch on to take really wild, inspired risks.

Time will tell, but it's been a hell of a ride so far.


User currently offlineokie From United States of America, joined Jul 2003, 3188 posts, RR: 3
Reply 5, posted (3 years 4 months 20 hours ago) and read 2587 times:

Quoting ALTF4 (Reply 3):
With Steve being on medical leave so much recently and fighting some serious health issues, I certainly wish him all the best. I truly hope that his reasons for resigning are not due to unexpectedly worse health conditions, but I fear that is the most realistic explanation


I would have to agree.
There are just too many good things coming down the pike right now for apple.
On the other hand maybe he feels he needs to step aside and let someone else guide Apple through the next advancement in marketing, oh and technology.

Okie


User currently offlineAcheron From Spain, joined Sep 2005, 1724 posts, RR: 2
Reply 6, posted (3 years 4 months 18 hours ago) and read 2501 times:

Quoting racko (Thread starter):

No matter what you think about Apple, he surely is a giant and has done a lot for the industry.

He certainly did a lot for turning Apple around and stablishing some design ideas that have a spread to other companies and area.

I'm just not fond of the side effect of that, which is the cultist-like followers he and Apple have garnered lately.


User currently offlineltbewr From United States of America, joined Jan 2004, 13200 posts, RR: 15
Reply 7, posted (3 years 4 months 18 hours ago) and read 2464 times:

It is unfortunate that the ongoing health problems of Steve Jobs means he has to take a much smaller part in the company he has been such an important part of. There is no doubt he is one of the greatest and most innovative business leaders we have ever seen and without the terrible flaws of some of the past ones like Henry Ford and Andrew Carnegie. There is also his involvement in Pixar, changing the way and style of animated movies to new levels.

Hopefully his spirit will be around for years, in person or in those who are around them to continue to make user friendly products that others cannot really get close to doing as well.


User currently offlineKen777 From United States of America, joined Mar 2004, 8481 posts, RR: 9
Reply 8, posted (3 years 4 months 17 hours ago) and read 2435 times:

Quoting Klaus (Reply 4):
And the oddest thing from my point of view is how unique he remained with this approach, how stubbornly almost all of his competitors insisted on ignoring his approach, most driven by a fundamental lack of understanding why it even mattered

The best comparison I can think of is Lee Iacocca after the competition came out with their minivans. He said, "We showed them how to do it and they still couldn't get it right."

I believe the tablet has been a pretty blunt lesson for the competition - especially HP. They have learned that there is more to Apple's success than a fast design. That realization might carry over to others in the tech industry. There are a lot of CEOs who have been given a pretty stiff lesson on how to do it by Jobs. What is going to be interesting is how vigorous their shareholders push CEOs to improve.

Quoting Acheron (Reply 7):
I'm just not fond of the side effect of that, which is the cultist-like followers he and Apple have garnered lately.

Let's be honest, companies like Dell really don't have "fans" of their designs. There is real nothing special about those designs - they take what the engineers and industrial designer come up with. How can one really be a fan of dull.

Fortunately there have always been consumers who go nuts over design. Some classics of pure design stand out - like the original Coke bottle.


What Apple has done is lead the industry in the area of design - hardware and software - and the consumer has responded with their wallets. It is not a cult, it is just a very strong reaction from consumers.



Klaus, thanks for posting the link. People looking at it should remember that Steve Jobs gave that address after being diagnosed with, and having some very challenging surgery for his cancer. Many consider it one of the greatest commencement addresses ever.


User currently offlineKlaus From Germany, joined Jul 2001, 21521 posts, RR: 53
Reply 9, posted (3 years 4 months 17 hours ago) and read 2420 times:

Quoting Ken777 (Reply 8):
What is going to be interesting is how vigorous their shareholders push CEOs to improve.

The sad thing is that most shareholders push their CEOs for short-term results, and short-term results are all they get in return, in many cases sacrificing long-term perspectives at the same time.

Steve Jobs has struggled hard for it but finally achieved the patience of his shareholders (in his second run at the top of the company – yes, he wasn't actually CEO the first time) to pursue long-term goals with all the expenses and delays required.

And they've been rewarded handsomely.

I think the short-term thinking of investors is as much to blame for the sorry state of much of our product culture (or lack thereof) as small-minded CEOs themselves.

The stupidity of greed has ruined many inspired ideas; Escaping that has been one of Jobs' greater achievements; The ironic thing is that greed usually causes its own frustration.

A short-sighted investor will at best end up with the small fry.

Quoting Ken777 (Reply 8):
Klaus, thanks for posting the link. People looking at it should remember that Steve Jobs gave that address after being diagnosed with, and having some very challenging surgery for his cancer. Many consider it one of the greatest commencement addresses ever.

I couldn't have introduced it any better:

Steve Jobs' 2005 Stanford Commencement Address - YouTube


User currently offlineFlighty From United States of America, joined Apr 2007, 8770 posts, RR: 3
Reply 10, posted (3 years 4 months 16 hours ago) and read 2411 times:

Quoting Acheron (Reply 6):
I'm just not fond of the side effect of that, which is the cultist-like followers he and Apple have garnered lately.

That is entirely understandable.... to be honest, neither am I. I am a longtime Apple fan but just without all the hoopla, SJ is a man who did something good. He was doing great stuff in 1996-2003. For me as an Apple watcher, that was a magical time. But now, (when AAPL is popular), it's mainstream, and in terms of innovation this story is probably over.

SJ will go down in history as a great executive, and great founder, and not quite a Thomas Edison... but something very close to that. He's probably the Henry Ford of our era.


User currently offlineKlaus From Germany, joined Jul 2001, 21521 posts, RR: 53
Reply 11, posted (3 years 4 months 16 hours ago) and read 2403 times:

Quoting Flighty (Reply 10):
But now, (when AAPL is popular), it's mainstream, and in terms of innovation this story is probably over.

People have already said that after the iMac.

And after the iPod.

And after the iPhone.

And now after the iPad.

But I guess that theory will indeed turn out to be correct eventually...!


User currently offlinebill142 From Australia, joined Aug 2004, 8466 posts, RR: 8
Reply 12, posted (3 years 4 months 11 hours ago) and read 2292 times:

Quoting Klaus (Reply 4):

As for Apple, Tim Cook is obviously a fully capable successor.

And despite Apples unwillingness to release details of their succession planning, the obvious successor.


User currently offlineKlaus From Germany, joined Jul 2001, 21521 posts, RR: 53
Reply 13, posted (3 years 4 months 10 hours ago) and read 2264 times:

Quoting bill142 (Reply 12):
And despite Apples unwillingness to release details of their succession planning, the obvious successor.

They didn't release these plans explicitly to the public, but anyone could clearly see it would be Cook from how they positioned him in recent months:

Daring Fireball: On Succeeding Steve Jobs (July 22nd, 2011)

Quote:
Cook has so much credibility on Wall Street that effectively, the board might have to offer him the job. Perhaps this entire article could be replaced with, “Look, it’s going to be Tim Cook, and that’s that.”


[Edited 2011-08-25 03:33:54]

User currently offlineSpringbok747 From Australia, joined Nov 2004, 4387 posts, RR: 10
Reply 14, posted (3 years 4 months 9 hours ago) and read 2244 times:

He's presided over an increasingly greedy company, always ready to screw the last cent from his customers and suppliers, and always the first to sue its competition into submission.

For that reason (among many others) I have never owned an Apple product..and probably never will.

Wish him all the best though, I have nothing against him personally..just can't stand his company and his cult-like passionate fans.



אני תומך בישראל
User currently offlineKlaus From Germany, joined Jul 2001, 21521 posts, RR: 53
Reply 15, posted (3 years 4 months 9 hours ago) and read 2242 times:

Quoting Springbok747 (Reply 14):
He's presided over an increasingly greedy company, always ready to screw the last cent from his customers and suppliers, and always the first to sue its competition into submission.

For that reason (among many others) I have never owned an Apple product..and probably never will.

Apple makes products which a progressively increasing number of people perceives as good value for money.

Quoting Springbok747 (Reply 14):
Wish him all the best though, I have nothing against him personally..just can't stand his company and his cult-like passionate fans.

And, remarkably, that positive judgment of Apple's products appears to actually survive the purchase.

How does that constitute "greed"? Most people call that well-earned success.

[Edited 2011-08-25 04:14:18]

User currently offlineDano1977 From British Indian Ocean Territory, joined Jun 2008, 515 posts, RR: 0
Reply 16, posted (3 years 4 months 8 hours ago) and read 2216 times:

Steve Jobs resigned as CEO of Apple in a letter to the board.

A letter? What? There's no app for that?



Children should only be allowed on aircraft if 1. Muzzled and heavily sedated 2. Go as freight
User currently offlinerfields5421 From United States of America, joined Jul 2007, 7607 posts, RR: 32
Reply 17, posted (3 years 4 months 8 hours ago) and read 2196 times:

I hope his health allows him to enjoy a long retirement, but...

Quoting Klaus (Reply 4):
somebody giving a damn about what their experience with the product will be, rather than just dumping a chunk of technology in their lap

Are you talking about Steve Jobs?

Because dumping a chunk of technology on the consumer and telling them "take what I give you and like it" is his entire design concept. He is the champion of "I know how you should use technology. Not you, not anyone else. My way or the highway."

Now I will certainly agree he has been much better than anyone else in giving folks a relatively bug free, easy to use, easy to understand product. He has held the line against the bean counters for years on demanding his products meet a certain quality, higher than any competitor.

And his 'arrogance' has paid off. Consumers are fed-up with incomplete products which provide less than promised functionality. The Apple product line is the best example of 'we will tell you how to live and run your life" and consumers are embracing that more and more. They want SOLUTIONS not gadgets. Apple currently delivers.

Quoting Ken777 (Reply 8):
I believe the tablet has been a pretty blunt lesson for the competition - especially HP. They have learned that there is more to Apple's success than a fast design.

Apple has provided those lessons in the past, but the tablet is their best 'out front' product. One which they got to market before the competition and which defines the product. Even more so than the iPod and music players.

I was absolutely shocked when my minimally technical sister recently bought an iPad2 - and how well it has worked for her. If Apple can capture her business and imagination - they have a winner.

Quoting Ken777 (Reply 8):
What Apple has done is lead the industry in the area of design - hardware and software - and the consumer has responded with their wallets. It is not a cult, it is just a very strong reaction from consumers.

Jobs has always insisted on complete solutions. Not just hardware, not just software, but an integration - and a strong commitment to quality. Sure Apple has their share of devices with problems, but side by side - I don't think any technology company has achieved near the record of reliability in their hardware, and the lack of software compatability issues.

People LIKE 'turn it on and it works' technology.


User currently offlinePPVRA From Brazil, joined Nov 2004, 8976 posts, RR: 39
Reply 18, posted (3 years 4 months 7 hours ago) and read 2185 times:

So much talent and dedication being wasted by a terrible disease. Sad, sad story.

I hope he sticks around for as long as possible.



"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineKlaus From Germany, joined Jul 2001, 21521 posts, RR: 53
Reply 19, posted (3 years 4 months 7 hours ago) and read 2179 times:

Quoting rfields5421 (Reply 17):
Quoting Klaus (Reply 4):
somebody giving a damn about what their experience with the product will be, rather than just dumping a chunk of technology in their lap

Are you talking about Steve Jobs?

Because dumping a chunk of technology on the consumer and telling them "take what I give you and like it" is his entire design concept. He is the champion of "I know how you should use technology. Not you, not anyone else. My way or the highway."
Quoting rfields5421 (Reply 17):
People LIKE 'turn it on and it works' technology.

"Turn it on and it works" doesn't look like a particularly unreasonable imposition to me...!   

Particularly compared to the usual exerience of being left alone with computing equipment with basically requires the user to take IT administration lessons.


User currently offlineAsturias From Spain, joined Apr 2006, 2156 posts, RR: 16
Reply 20, posted (3 years 4 months 7 hours ago) and read 2157 times:

So long Steve, and thanks for all the fish!

(well he's just stepping down as CEO, still going to be chairman of the board, which means he's basically in control - just not in day to day ops)

Under Tim Cook, Apple has become very IKEA in production strategy, "Design and quality of Sweden - made in China" vs. "Designed by Apple in California - made in China".

Increases margins, oh yes. Increases shareholder value? Not really, since Apple doesn't pay dividends.

asturias



Tonight we fly
User currently offlineNoWorries From United States of America, joined Oct 2006, 539 posts, RR: 1
Reply 21, posted (3 years 4 months 7 hours ago) and read 2156 times:

Quoting Springbok747 (Reply 14):
He's presided over an increasingly greedy company, always ready to screw the last cent from his customers and suppliers, and always the first to sue its competition into submission.


I'm fairly agnostic when it comes to the whole apple vs "others" debates -- and they are definitely profit driven (capitalism be what it is) -- but in my limited experience with them I've never really seen the screw the last cent out of the customer phenomenon. My experience may be unique, but my daughter abused an iTouch pretty badly and yet ultimately Apple replaced for free when it got the white screen of death even though it had a dent, had gotten wet, and had a cracked screen. In the lessons not learned department, she then cracked the screen on an iPhone4 and again they replaced the whole unit for free. Now she does buy a fair amount from the Apple store but, but it still seems like savvy treatment of a loyal customer (my daughter being the loyal customer).


User currently offlineKlaus From Germany, joined Jul 2001, 21521 posts, RR: 53
Reply 22, posted (3 years 4 months 6 hours ago) and read 2140 times:

Quoting Asturias (Reply 20):
Increases margins, oh yes. Increases shareholder value? Not really, since Apple doesn't pay dividends.

Accumulating the value in the stock price effectively serves the same purpose, just without bleeding the value out of the company (instead transferring ownership from a selling stockholder to a buying one).

Dividends make sense if the company has no use for the money itself. Given the larger economic environment Apple is operating in, this would not be a good idea at this point.


User currently offlinetype-rated From , joined Dec 1969, posts, RR:
Reply 23, posted (3 years 4 months 3 hours ago) and read 2086 times:

I think the allure of Apple products started years ago with their "Computers for the rest of us" campaign. Simple to use, but always a bit slower than competing PC's for the same price.

No wonder Apple is a good choice for techies and fashionistas. There is a cache to the illuminated apple on their products.


User currently offlineKen777 From United States of America, joined Mar 2004, 8481 posts, RR: 9
Reply 24, posted (3 years 4 months 1 hour ago) and read 2053 times:

Quoting Dano1977 (Reply 16):
A letter? What? There's no app for that?

Of course, it's called Pages. $9.99 for the iPad - replaces Word for under $10.

Quoting type-rated (Reply 23):
No wonder Apple is a good choice for techies and fashionistas.

Talk to musicians who own studios It's not the glowing Apple on the side that counts for them, it's the quality of the product as well as the problems experienced with competitive products.


25 Springbok747 : Sure he has. Its called "marketing". Most of Apple's success is down to aggressive marketing. I have never seen the mainstream media write a news art
26 Klaus : And where is that "aggressive marketing"? I rarely see ads from Apple nor any other "marketing" activities. Actually, their marketing budget is compa
27 Post contains links Springbok747 : You mean making people happy..like this: http://forums.macrumors.com/showthread.php?t=1189022 http://forums.macrumors.com/showthread.php?t=77321 http
28 OA260 : +1 I hope too that he enjoys his life and he has done a great job . I buy Apple products because they are quality and do what I want them to do . iPh
29 Klaus : I and millions of other satisfied customers have our own experiences – no need for blog and forum posts cherry-picked to suit your predefined agend
30 Luftfahrer : Putting aside the customer satisfaction question, have you read the article on how apple treats its own retail employees? This seemed more like a gen
31 elbandgeek : He's gone. Good riddance. Now they can stop getting a free pass on everything they do and actually compete instead of ride one "innovation" from 5 yea
32 Post contains images Flighty : If by marketing, you mean market success, then yeah. But why is everybody buying iPhones? Partly because of word of mouth. A world without iPhone wou
33 Post contains links Ken777 : Which is why the guy has his name on over 300 patients over the past 30 years. http://www.nytimes.com/interactive/2...e-jobs-patents.html?ref=technol
34 Asturias : No it doesn't, actually. Stock price gives a one-time payment that may or may not be in correlation with how much money a company is making. There ca
35 Klaus : Both dividends and an appreciating stock are fed by money that's actually being earned. With the stock price there's also speculative development, bu
36 Springbok747 : Yeah everyone should be, especially because the whole business strategy of Apple is to gradually produce better products forcing the Apple sheep.er..
37 AGM100 : A amazing guy ... incredible . He deserves a break ... Apple will be fine .
38 Post contains links and images LAXintl : Anyone see his picture from today? http://www.tmz.com/2011/08/26/steve-...-apple-photo-resignation-ceo-sick/
39 Post contains links tugger : The greatest thing he was able to do, was overrule the short term focus of shareholders and not give into the insanity of short term focused "sharehol
40 Ken777 : The markets are open for selling as well as buying. If you get shares in a company that provides dividends then your share price is generally held ba
41 Springbok747 : Ok that picture is crossing the line..those idiots at TMZ don't have a clue. Give the man some privacy FFS.
42 Stabilator : Agreed! While I'm not much of an Apple fanboy, that picture is crossing the line...give the man a break.
43 LAXintl : He's a public figure, and seemingly out in public place. Expecting anonymity, or somesort of exemption from being photographed is not realistic nor ap
44 Klaus : Features which were pretty much the most advanced ones these phones had. While they lacked almost all the features the iPhone made usable for the fir
45 rfields5421 : He just makes $1 per year since 1997, but for many years he took a very large salary and from the founding had a huge chunk of Apple stock. He got hi
46 Asturias : Speculative development is finite and will, by it's virtue, always crash because it's speculative and one can't always be right. Furthermore, when th
47 Post contains images MadameConcorde : Sad to see a person in such bad physical condition. He looks skeletal and barely able to stand on his own two legs/feet. The money is good but it loo
48 Klaus : That is news to me. Since he's been on his $1 salary since his return to Apple, that would need to have been before he left in 1985. So how much was
49 Stabilator : Oh I know, but it's still a low blow photographing him in such condition. Btw I had no idea he was that bad.
50 Post contains links Revelation : Actually his opinion does matter. Clearly it's not the most neutural opinon here, but clearly it is one of the best informed. More people than "Steve
51 Post contains images LAXintl : I'm not sure what you object to or feel lacks taste. Mr. Jobs is one of the largest corporate figures in America if not globally and his resignation
52 Asturias : Thanks to Klaus, I don't have to go to the farm to fetch manure for my roses. I can just use his post here above. ast.
53 Ken777 : If Apple unit sales stop growing it doesn't mean that their profitability lowers. First, there would be profits on the "stagnant sales", especially r
54 Springbok747 : The ability to send emails, browse the web etc was already present in phones before the iphone. Ever heard of the Nokia E70? The Nokia E70 not only p
55 Post contains images Klaus : Me talking about taste and class went entirely over your head, didn't it? I have explained how investment works and what the relevant metrics for it
56 Flighty : I think the personal computer would have happened anyway (maybe better!) and xerox developed windowing which inspired Steve. But today's Windows/OSX/
57 Post contains links Confuscius : Interesting article from the Las Vegas Sun. In Reno, many unaware biological father of Apple’s Steve Jobs lives in town By Anjeanette Damon Tuesday,
58 FinalCut747 : +1 Let the man pass away in peace. It's disgusting to see that kind of disregard of common courtesy.
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