Changes

===Jobs Steps Down as CEO===

===Jobs Steps Down as CEO===

On august 2011, Jobs resigned as CEO of Apple. In his resignation letter Jobs wrote, "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." <ref>[ http://www.businesswire.com/news/home/20110824006503/en/Letter-Steve-Jobs Letter from Steve Jobs]</ref> As per Jobs recommendation, Cook was named CEO of the company and Jobs was Chairman of the Board.<ref>[http://www.macobserver.com/tmo/article/apple_names_tim_cook_ceo_steve_jobs_as_chairman/ Apple Names Tim Cook CEO, Steve Jobs as Chairman]</ref>

On august 2011, Jobs resigned as CEO of Apple. In his resignation letter Jobs wrote, "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." <ref>[http://www.businesswire.com/news/home/20110824006503/en/Letter-Steve-Jobs Letter from Steve Jobs]</ref> As per Jobs recommendation, Cook was named CEO of the company and Jobs was Chairman of the Board.<ref>[http://www.macobserver.com/tmo/article/apple_names_tim_cook_ceo_steve_jobs_as_chairman/ Apple Names Tim Cook CEO, Steve Jobs as Chairman]</ref>

==Market Failures==

==Market Failures==