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Thursday, 25 August 2011 - Tech execs recall Jobs' monumental reign at Apple |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? 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Credit: Reuters/Mario Anzuoni By Alexi Oreskovic SAN FRANCISCO | Thu Aug 25, 2011 12:32am EDT SAN FRANCISCO (Reuters) - Steve Jobs' resignation as Apple Inc's chief executive sent shock waves through technology and media circles on Wednesday as executives, engineers and investors spoke of becoming "orphans" without their Michelangelo. Jobs, who fought and survived a rare form of pancreatic cancer, revolutionized consumer electronics for a decade with the introduction of the iPod, iPhone and iPad. "Steve Jobs has changed people's lives immensely with the vision he has had, the risks he had taken, the products he has designed, and the industries he has shaken," said Bill Gross, the CEO and chairman of Idealab, a firm that funds technology startups. "The countless people he has touched through his words and his actions have had a cumulative effect on design, marketing, entrepreneurship, leadership, and countless other areas that are truly remarkable," said Gross. Jobs, 56, announced that he was stepping down as Apple's CEO on Wednesday. The company did not provide an update on Jobs' health, but named Tim Cook as his successor and said Jobs would become chairman. For technology lovers, as well as business leaders, Jobs' influence is hard to understate. Apple's ability to dazzle consumers with new products is emulated and invoked by Fortune 500 companies and up-and-coming start-ups alike. With his passion for minimalist design and marketing genius, Jobs changed the course of personal computing and the entertainment industry. Apple's chain of sleek, modern retail stores have become mainstays in shopping districts around the world and the company's products and designs have inspired an almost cult-like following. "He is the Michelangelo of the digital age," said LinkedIn CEO Jeff Weiner. "He is also the most insightful business speaker I've ever heard. He speaks the way he designs product: not a single wasted word. To this day, some of the most valuable lessons I've learned in business came from listening to him on stage," Weiner added. A Buddhist and a son of adoptive parents, Jobs started Apple Computer with friend Steve Wozniak in the late 1970s and pioneered the personal computer industry with the Macintosh. After being ousted in 1985, Jobs returned to Apple in 1997 and went on to shake up the mobile phone industry with the iPhone. Despite nearly going bankrupt in early 1990s during Jobs' absence, Apple now vies with ExxonMobil as the most valuable company in the United States. "He took a hit early, was kicked out of his baby and came back and not only saved the company, he basically changed the how the world uses technology," said Mark Cuban, the owner of the Dallas Mavericks basketball team and a tech entrepreneur. "He is one of the few technologists that I look up to." Friend and rival Eric Schmidt of Google Inc called Jobs the most successful American CEO of the last 25 years. "He uniquely combined an artist's touch and an engineer's vision to build an extraordinary company, one of the greatest American leaders in history," said the Google chairman. News of Jobs' resignation dominated technology blogs and Twitter. "Steve Jobs run at Apple is likely the very best CEO execution we will see in our lifetime," tweeted Bill Gurley, a partner at venture capital firm Benchmark Capital. Jeff Clavier, a prominent Silicon Valley investor, tweeted: "Millions of us are feeling orphans of Jobs' leadership, who had so much impact on tech and design. Wishing the best to him and his family." (Reporting by Alexei Oreskovic, with additional reporting by Poornima Gupta, Peter Lauria and Sarah McBride; Editing by Matt Driskill) Technology Media iPad Steve Jobs Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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    Steve Jobs quits as Apple CEO, Cook takes over |
    Tech execs recall Jobs' monumental reign at Apple |
    Apple fans pay tribute to industry icon Jobs |
    Newsmaker: Steve Jobs has a different operating system |
    Newsmaker: Cook's vision center stage after Jobs' departure |
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