Today, the CEO of Apple (Steve Jobs) gave up his position. However, he was elected chairman of Apple's board. So, what does this mean for Apple? Not much. As goes for any big business. Tim Cook, who filled in for Jobs while he was out on medical leave, will be taking his place as CEO. He never explained why he's resigning, but I think we can safely assume it's due to his medical issues (Jobs is a pancreatic cancer survivor, and there is other possible issues.) In my mind, I think he made the right choice. CEO for any company would be a stressful job and he stooped down for a lower position but with the same amount of control. This won't affect stocks and Jobs told all his investors not to worry.
Written by Hunter
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