Today Apple announced that the company's iconic CEO, Steve Jobs, would be taking a leave of absence for an unspecified length of time due to health-related issues, his third since 2004.
The company did not specify why Jobs, who took left the company in 2009 in order to undergo treatments for pancreatic cancer, would be taking another leave or comment on the state of the CEO's condition, however, an internal memo sent from Jobs to Apple employees this morning suggests his absence may be lengthy.
The email, though sparse on details, informed Apple staff that COO Tim Cook would be taking responsibility for the company's day-to-day operations, and iterated Jobs' faith in the executive staff's ability to execute the "exciting plans we have in place for 2011."
As a result of today's announcement, Apple stock dropped 8-percent in oversea markets, while U.S. stock prices remained unaffected due to the Martin Luther King Day holiday.
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