In a press release issued today ,January 17,2010 Steve Jobs CEO of Apple disclosed that he is taking a medical leave.According to the press release Mr. Jobs explained that Apple board of directors granted him a medical leave of absence so as to focus on his health.He explained that he will continue as CEO and be involved in major strategic decisions for Apple.
According to Mr.Jobs :''COO Tim Cook will be responsible for all of Apple’s day to day operations and along with the executive management team he hopes they will do a terrific job executing the exciting plans we have in place for 2011''
Analyst have noted that this is Mr.Jobs second medical leave in less than three years to take care of some medical problems.About five years ago he underwent a procedure to treat pancreatic cancer.Less than three years ago he had a liver transplant procedure.
Now that Mr.Jobs is on medical leave many analysts think that so long as he continues to take part in strategic decisions for the company the stock will continue to soar.
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