Looks like Steve Jobs health is taking a toll on him, I wish him all the best for his health. Lets not forget it is him who brought Apple back to life from the brink of bankruptcy to the most valued tech company in the world! Kudos to him!

Letter from Steve Jobs

To the Apple Board of Directors and the Apple Community:

I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.

I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.

Steve

Tim Cook Takes Over As CEO

CUPERTINO, California—August 24, 2011—Apple’s Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Apple’s Chief Operating Officer, as the company’s new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately.

“Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company,” said Art Levinson, Chairman of Genentech, on behalf of Apple’s Board. “Steve has made countless contributions to Apple’s success, and he has attracted and inspired Apple’s immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.”

“The Board has complete confidence that Tim is the right person to be our next CEO,” added Levinson. “Tim’s 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does.”

Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO.

As COO, Cook was previously responsible for all of the company’s worldwide sales and operations, including end-to-end management of Apple’s supply chain, sales activities, and service and support in all markets and countries. He also headed Apple’s Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.

PS: Steve Jobs has been elected as Chairman of the Board and will still remain at Apple. Tim Cook will join the Board as well.

Press Release: Letter from Steve Jobs
Press Release: Steve Jobs Resigns as CEO of Apple

This Friday, the 27th June 2008 will be Bill Gates last day of work as a full time employee at Microsoft. After the 27th June 2008, he will focus on the Bill and Melinda Gates Foundation and its work in health, vaccines, education. However, he still remains as Microsoft Chairman as he is the largest single shareholder.

Source: iTWire: Goodbye to Bill Gates on June 27… but it’s not goodbye forever!

Here is another interesting article entitled, “Do you need to be a programmer to run a software company?” and in this article, they mentioned about Bill Gates and Microsoft and they are wondering whether Bill Gates time in technology is up.

What did I take from all this? Bill Gates was amazingly technical, and he knew more about the details of his company’s software than most of the people who worked on those details day in and day out. He understood Variants and COM objects and IDispatch and why Automation is different than vtables — and why this might lead to dual interfaces. He worried about date and time functions. He didn’t meddle in software if he trusted the people who were working on it, but you couldn’t bullshit him for a minute because he was a programmer. A real, actual programmer.

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Gates is probably getting out of technology at the right time. Funnily enough, it’s not really a business for nerds anymore. Gates was at the center of the personal-computer revolution and the Internet revolution, but now the big innovations are about exactly the things he’s bad at. The iPod was an aesthetic revolution. MySpace was a social revolution. YouTube was an entertainment revolution. This is not what Gates does. Technology doesn’t need him anymore.

Read: Do you need to be a programmer to run a software company?

BBC News has interviewed Bill Gates as he prepares to end his full-time work at Microsoft.

“Most of our competitors were very poorly run,” he tells Fiona Bruce, for The Money Programme.

“They did not understand how to bring in people with business experience and people with engineering experience and put them together. They did not understand how to go around the world.”

Sir Alan Sugar, one of Britain’s computer pioneers with his Amstrad range, testifies to Microsoft’s global mobility even as a comparatively small company in the 1980s.

Amstrad, in Brentwood, Essex, was visited by a Microsoft salesman – or “mid-Atlantic smoothie” as Sir Alan describes him – who came to sell Microsoft’s MS-DOS operating system.

Check out the interview on BBC News.