The PJ Tatler

Steve Jobs Resigns as Apple CEO

Utterly stunning news, Reuters is reporting the creative genius behind Apple’s resurgence as the most powerful tech company in the world has resigned but was then elected chairman of the board:

(Reuters) – Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a stunning move at the technology giant he co-founded in a garage.

The 55-year-old Apple co-founder and pancreatic cancer survivor has been on medical leave for an undisclosed condition since January 17.

Apple said Steve Jobs has been elected chairman and Tim Cook has been elected CEO.

What this means for Apple remains to be seen.