Steve Jobless

Steve Jobs has resigned as CEO of Apple Inc. But who can blame him when he earns a measly $1 annually for the honour. It’s all the other pies he has his fingers into that are making him all his money. In 2009 it was estimated his net wealth was $5.1 billion. Not bad, Steve.

In the letter he sent out on the 24th of August, Steve resigned as CEO because he believes he no longer fulfils his duties. Steve went on to recommended Tim Cook as his successor, a request which the company quickly obliged. After the announcement Apple shares dropped by 5%. Which could have been worse but Steve’s bad health has been in the media for years, so it wasn’t particularly a shock that he decided to step down. In 2004 he was diagnosed with pancreatic cancer and finally had a liver replacement in 2009. He had even been on medical leave since January of this year.

Steve will still be in charge of the major decisions but Tim will now deal with the day-to-day running of the company. In honour of Steve Jobs and his accomplishments, tributes have been popping up all over the web, for the man who transforms the industry almost yearly. You can read about all things Steve, thank him on facebook, or you can just go out and buy another Apple product making him even richer.