Apple chief takes medical leave of absence

Apple chief executive Steve Jobs, a cancer survivor, said he is taking medical leave until June, a move that sent the company’s shares plunging 7%.

Apple chief takes medical leave of absence
Thu, 15 Jan, 2009 - 07:47

Apple chief executive Steve Jobs, a cancer survivor, said he is taking medical leave until June, a move that sent the company’s shares plunging 7%.

Apple’s chief operating officer, Tim Cook, will take over Mr Jobs’ responsibilities while he is on leave, though Mr Jobs said he plans to remain involved in major strategic decisions.

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