Steve Jobs steps down as Apple CEO

  • 1:21
  • Published On: August 25, 2011
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Apple said on Wednesday that Steven P. Jobs, its co-founder and CEO, would step down. Tim Cook, the chief operating officer, will take over the position. In a letter sent to Apple's board of directors and "the Apple community," Mr. Jobs said he would like to remain as chairman of the board and an Apple employee.

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