Chief Operating Officer Tim Cook a 13-year veteran of Apple is taking over for co-founder Steve Jobs as Apple’s CEO. Cook has been running Apple’s day-to-day operations since January when Jobs went on medical leave. Jobs was diagnosed with a rare form of pancreatic cancer in 2004. He announced his resignation in a letter yesterday. Apple’s shares fell more than 5 percent in after-hours trading on the news.
Our coverage reaches millions each week, but only a small fraction of listeners contribute to sustain our program. We still need 224 more people to donate $100 or $10/monthly to unlock our $67,000 match. Will you help us get there today?