Steve Jobs To Take ?Medical Leave Of Absence?, Stays On As CEO

Apple CEO Steve Jobs has just announced that he is taking a medical leave of absence according to a release issued by the company today. Here's the email memo Jobs sent to Apple employees today.

Team, At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company. I have asked Tim Cook to be responsible for all of Apple?s day to day operations. I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011. I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy. Steve

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