Posted tagged ‘Jobs’

Steve Jobs Resigns as Apple CEO

August 24, 2011

Breaking news out of the Silicon Valley this afternoon as Steve Jobs has resigned as Apple’s CEO.

The 55-year-old Apple co-founder and cancer survivor has been on medical leave from the company for an undisclosed condition dating back to January 17. You’d have to think that Jobs health must be the primary issue for this decision. I can’t see him leaving his post, and taking the title of Chairman, for any other reason.

Here’s what Jobs wrote in his resignation letter (from thisismynext.com):

To the Apple Board of Directors and the Apple Community:

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.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

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.

Steve

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Apple: Free Bumpers All Around!

July 16, 2010

Apple’s Steve Jobs announced that the company will give free protective cases to buyers of its latest iPhone model to alleviate the  “death grip” problem.

Sweet…for those who actually own one…

From CNET:

Apple plans to give iPhone 4 users a free case in hopes of satisfying concerns about the design of its antenna and signal problems.

CEO Steve Jobs made the announcement (click here for the live blog) during a press conference at Apple’s headquarters in Cupertino, Calif., Friday morning in response to a public-relations crisis over signal issues reported with the iPhone 4, which was unveiled in June. iPhone 4 owners will apply for the free bumper (a case that protects just the outer rim of the phone) online at Apple’s Web site, and owners who already purchased a bumper will get a full refund, Jobs said.

From Ars Technica:

After days of being pilloried for the iPhone 4’s antenna problems, Apple CEO Steve Jobs took to the stage in Cupertino, California to respond. Jobs announced during the iPhone 4 press conference Friday that every iPhone 4 user will get a free Apple Bumper to help mitigate antenna problems. This will apply to every user who buys an iPhone through September 30. iPhone 4 owners who have already purchased one of the $30 bumpers will get a full refund. Users who don’t like the bumper solution and are still unhappy with the iPhone can bring it back for a full refund instead.

From USA Today:

Apple will offer free cases to past and current iPhone 4 customers through September 30, and is offering a full 30-day refund to customers who have had signal loss issues with the iPhone and no longer want it.

“We’re not perfect, and phones aren’t perfect either, but we want to make all of our users happy,” Apple CEO Steve Jobs said.

Friday’s announcement follows a recent Consumer Reports blog post in which they said they could not recommend the iPhone 4 because of problems with the antenna located on the bottom left of the device.

From CBS News:

“We’re not perfect, phones aren’t perfect. But we want to make all our users happy.” And with that uncharacteristically humble introduction, Steve Jobs offered what passed for Apple’s apology to iPhone 4 users who have encountered reception troubles and said they would receive free bumpers.

“We love our users. We try hard to surprise and delight them. We work our asses off and have a fun time doing it,” he said during a press briefing Friday morning at the company’s corporate headquarters in Cupertino, Calif. He later added: “When people are criticizing us, we take it really personally…maybe we should have a wall of PR people protecting us from that, but we don’t.”

Unemployment Benefits May Be Extended

September 22, 2009

More than one million people could receive an additional 13 weeks of unemployment benefits under a bill the House is looking at today.

From CNNMoney:

The bill would extend benefits for those living in states with jobless rates higher than 8.5%. Some 27 states, plus the District of Columbia and Puerto Rico, fall into this category. The national unemployment rate hit 9.7% in August, the highest in 26 years.

The extended benefits would apply to an estimated 314,000 people set to exhaust their benefits by month’s end and to more than a million who will stop getting checks by the end of the year, according to the House Ways and Means Committee. Workers in other states could qualify if their state is expected to hit an 8.5% unemployment rate soon or meets other criteria.

“Decent, hard-working Americans from North Carolina to California have been calling my office to tell me they still cannot find work after a year or more after becoming unemployed and they need some additional help to keep their heads above water,” said Rep. Jim McDermott, D-Wash., when he introduced the legislation earlier this month.

Steve Jobs Taking Leave of Absence From Apple

January 14, 2009

According to numerous news sources, Apple CEO Steve Jobs said today that he will be taking a leave of absence because of health issues. The leave of absence is expected to last until at least June.

“My health-related issues are more complex than I originally thought,” he said in a letter to employees which has been published by the New York Times.

From the statement:

Team,

I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.

In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.

I have asked Tim Cook to be responsible for Apple’s day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.

I look forward to seeing all of you this summer.

Steve

From CNET:

Apple has confirmed that CEO Steve Jobs will step down from his CEO post while recuperating from a hormone imbalance. His absence will stretch until the end of June.

Tim Cook, Apple’s chief operating officer, will run the company during Jobs’ absence, according an e-mail Jobs sent to Apple employees that was released to the media.

Jobs, 53, has been the subject of heated speculation regarding his health since last June’s Worldwide Developers Conference, when he appeared to have lost a great deal of weight. At the time, Apple insisted Jobs’ health was a private matter, but revealed in early January that Jobs was suffering from a hormone imbalance that was impeding his body’s ability to absorb certain proteins.

In August 2004 Jobs underwent successful surgery to treat a rare form of pancreatic cancer, which sidelined him until September of that year. Much of the speculation over the past year has been over whether or not that cancer has returned, which was not clear from the e-mail written by Jobs, an intensely private man.

Since his return to Apple in 1997, the mercurial founder has resurrected Apple from the depths, reviving the Mac, changing the music industry with the introduction of the iPod and iTunes, and turning the mobile phone industry on its head with the 2007 introduction of the iPhone. He is considered to be one of the single-most influential executives in the technology industry, if not U.S. business itself.

Apple has been criticized over the past few years for seeming to lack a succession plan for Jobs, who some feel can truly never be replaced. But it has never been clear whether the company was just playing its cards close to its vest regarding that plan, or whether it actually didn’t have a plan. Cook has been regarded as the short-term solution for a long time, having run the company during Jobs’ absence in 2004 and respected as a detail-oriented manager who can keep the ship on course.

From CNN:

Jobs, who announced last week that he suffered from a hormone imbalance that was caused him to lose weight, said he will be away from the job until the end of June.

“In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June,” Jobs said in a statement.

Tim Cook, the company’s chief operating officer, will be responsible for Apple’s day to day operations, according to the statement.

Apple (AAPL, Fortune 500) shares closed down $2.38 to $85.33 in Wednesday trading. They were halted after hours pending the announcement.

From InformationWeek:

Apple seems to have learned from Bill Clinton. Like our randy former chief executive being questioned about his sex life, Apple handled Steve Jobs’ ongoing health problems by making statements that were literally true, but ultimately misleading. That’s going to have Apple watchers taking a microscope to every statement and action by Apple to find out what the company really means. But Apple watchers already are doing that, so Apple doesn’t lose out.

Ever since Jobs made a gaunt appearance at the launch of the iPhone 3G this summer, Apple has been stonewalling about the founder and CEO’s health, while rumors flew about the recurrence of the cancer he was treated for in 2004. The rumors went into hyperdrive in December, when Apple announced abruptly that it was pulling out of Macworld and Jobs wasn’t speaking.

Finally, Jobs posted a statement on the Apple site last week. He acknowledged he had a “hormone imbalance” that caused him to lose weight throughout 2008. He says it’s being treated, and that he expects to regain his lost weight by spring.

That contrasts with Apple’s earlier statement, on Dec. 16, announcing that this year would be Apple’s last Macworld, and Jobs would not deliver his traditional keynote. At the time, Apple cited only business reasons for the withdrawal, saying trade shows have become a “very minor part of how Apple reaches its customers.”

The statement didn’t mention Jobs’ health. As a matter of fact, it didn’t mention Jobs at all — it just said that Philip Schiller, Apple senior VP of worldwide product marketing, will deliver the keynote, a job which has been Jobs’ for a decade.

Is Jobs’ health anyone’s business? Jupiter Research analyst Michael Gartenberg, and other Apple defenders, say no, it’s a private matter. I disagree. Jobs’ health is relevant as long as he has chosen to make himself a public figure. He is the face and spokesman for Apple, credited with its current success, and the company has no visible plan for succession. Investors identify Apple’s success with Jobs, and they’re afraid every time they think Jobs might become incapable of running the company. We see those fears when Apple’s stock drops every time Jobs sneezes or stubs a toe.

If you are the CEO of a publicly traded company, anything that might affect your abilities to perform your duties is a matter of public record. That most emphatically includes your health. Don’t like those rules? Retire. Take the company private.

And Jobs isn’t just any CEO of any public company. Jobs has chosen to make himself the public face of Apple. He has worked to build a mystique around Apple, and focused that mystique on himself as its charismatic leader. If Jobs wants to take a piece of his privacy back, the company needs to be more communicative, and put other people in front of the cameras and microphone more frequently. (Indeed, this may be one of the motivations for Schiller taking over the Macworld keynote.) Until then, Jobs’ health is going to continue to be a matter of public concern.

eBay to Buy Bill Me Later and Plans to Cut 1,000 Jobs

October 6, 2008

eBay will buy online payments business Bill Me Later for $820 million in cash and $125 million in outstanding options. Bill Me Later, founded in 2000, is the number two online payments company after PayPal.

eBay also announced this morning that it was cutting 1,000 permanent employees and several hundred temporary workers, which equals about 10 percent of its global workforce.

From the Associated Press:

EBay Inc. said on Monday it will cut about 1,000 employees, reducing its work force by about 10 percent.

The online auction site also said it will get rid of several hundred temporary workers and reduce open positions.

EBay said the reductions would streamline its organization. The company said it expects restructuring charges of about $70 million to $80 million, mostly in the fourth quarter.

EBay also said its third-quarter earnings would be higher than it predicted in July, although revenue will be at the low end of its expectation. It is scheduled to announce third-quarter results on Oct. 15.

From AFP:

EBay, in a statement released by its San Jose, California, headquarters, also said it was acquiring US online payments business Bill Me Later for 820 million dollars in cash and 125 million dollars in employee options.

EBay said the global workforce reduction was intended to simplify and streamline its organization, improve the company’s cost structure and strengthen the overall competitiveness of existing businesses.

“While never an easy decision to make, these reductions will help improve our operations and strengthen our ability to continue investing in growth,” said John Donahoe, eBay’s chief executive.

The job cuts are expected to result in pretax restructuring charges of approximately 70 million dollars to 80 million dollars, with the charges predominantly recorded in the fourth quarter of 2008, eBay said.

To Tweet or Not To Tweet…That is the Question

October 2, 2008

Interesting blog on BNET.com discussing Twitter in the workplace. Some people say Twitter reduces productivity, but there are fans who say it enhances productivity and even helps better communicate important information. Some say it also enables communication with customers and promotes collaboration. So, does Twitter have a place in the office or it is just an amusing time-waster?

From the blog:

We’ve all heard the ominous warnings that our online habits are sucking the productivity out of our worklives, and that social-networking tools like Twitter are the equivalent of electronic black holes.

But you’ll find plenty of people arguing the opposite: that a microblogging option like Twitter can lead to improved communication (heck, it might even replace e-mail!) and better productivity. And that it actually makes business sense to use Twitter.

And you know what? I think those Twitter fans are right.

Writing lengthy e-mails that no one will read is definitely a waste of your time. But sending out a quick “tweet” to let your team know that the meeting is in 15 minutes, or that you need the new report pronto, or that you’re back from lunch, makes sense.

Twitter can help you connect with customers, co-workers or virtual offices and can promote collaboration and business networking. It’s an incredibly effective avenue for disseminating fast-breaking information; just look at how Twitter got the word out in Los Angeles when a recent earthquake hit and the phone lines were jammed. Heck, it can even get you out of jail.