Steve Jobs Out for Medical Leave

Apple CEO, Silicon Valley giant, wildly successful businessman and enigmatic leader Steve Jobs has announced he's taking a medical leave, to focus on his health. Notably, he made the announcement on a day when U.S. markets are closed.

The executive's last medical leave was two years ago -- lasting six months -- for a liver transplant.

Jobs asked Apple's board of directors for the break, leaving Tim Cook, Apple's COO, in charge of the company.

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Giving no timetable for his return, Jobs' health has been a topic of discussion since he revealed he had a treatable form of pancreatic cancer.

Jobs' letter to Apple employees:

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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