Tuesday, January 18, 2011

Steve Jobs to take another medical leave

Steve Jobs, the iconic chief executive of Apple who has battled serious health problems for years, said Monday that he is taking another medical leave of absence, raising questions about whether the country's most highly valued technology company can prosper without its leader.

The announcement that the creator of the iPod, iPhone and iPad would step aside - without revealing the extent of his medical problems or how long he'll be on leave - prompted criticism from some analysts that Apple was betraying its obligations to tell its shareholders important information.

Jobs, a survivor of pancreatic cancer and recipient of a liver transplant, two conditions known to cause a variety of complications, sent a message to Apple employees Monday saying that the company's board "granted me a medical leave of absence so I can focus on my health." He added that he would continue to be involved in major decisions but would give up day-to-day control.

Since founding Apple in 1976, Jobs has been known for a nearly fanatical attention to detail - caring as much about the appearance of his products as how they function - that makes him unique among many technology executives.

He has fostered a culture at Apple that has allowed the company, which was months from bankruptcy in 1997 when he returned to the helm after a long hiatus, to edge out bigger rivals and dominate the market for smartphones and music players.

No comments: