Quote:
Team,
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.
Steve
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http://www.businesswire.com/news/hom...Media-Advisory
1) Thoughts and prayers, thoughts and prayers.
2) Will be interesting to see the impact this news has on the market.
3) Would Tim Cook (and Apple, for that matter) survive a permanent transition from fill-in to CEO? Who else would be a candidate? Johny Ive? Cook ran things pretty smoothly during the last absence, but I don't know how much of a hand Steve had in that.