Monday, December 28, 2009, 6:03PM ET - U.S. Markets Closed.

Steve Jobs Explains His Health Problem: "Hormone Imbalance"; Predicts Recovery by Spring, Will Stay on as CEO

Posted Jan 05, 2009 08:59am EST by Peter Kafka in Investing, Computers, Newsmakers

From All Things Digital, Jan. 5, 2008:

Here’s an extraordinary memo that just crossed the wires from Apple (AAPL) CEO Steve Jobs, addressing the long-running speculation about his health:

Letter From Apple CEO Steve Jobs

Dear Apple Community,

For the first time in a decade, I’m getting to spend the holiday season with my family, rather than intensely preparing for a Macworld keynote.

Unfortunately, my decision to have Phil deliver the Macworld keynote set off another flurry of rumors about my health, with some even publishing stories of me on my deathbed.

I’ve decided to share something very personal with the Apple community so that we can all relax and enjoy the show tomorrow.

As many of you know, I have been losing weight throughout 2008. The reason has been a mystery to me and my doctors. A few weeks ago, I decided that getting to the root cause of this and reversing it needed to become my #1 priority.

Fortunately, after further testing, my doctors think they have found the cause — a hormone imbalance that has been “robbing” me of the proteins my body needs to be healthy. Sophisticated blood tests have confirmed this diagnosis.

The remedy for this nutritional problem is relatively simple and straightforward, and I’ve already begun treatment. But, just like I didn’t lose this much weight and body mass in a week or a month, my doctors expect it will take me until late this Spring to regain it. I will continue as Apple’s CEO during my recovery.

I have given more than my all to Apple for the past 11 years now. I will be the first one to step up and tell our Board of Directors if I can no longer continue to fulfill my duties as Apple’s CEO. I hope the Apple community will support me in my recovery and know that I will always put what is best for Apple first.

So now I’ve said more than I wanted to say, and all that I am going to say, about this.

Steve

Follow-up statement from the Apple board of directors:

It is widely recognized both inside and outside of Apple that Steve Jobs is one of the most talented and effective CEOs in the world.

As we have said before, if there ever comes a day when Steve wants to retire or for other reasons cannot continue to fulfill his duties as Apple’s CEO, you will know it.

Apple is very lucky to have Steve as its leader and CEO, and he deserves our complete and unwavering support during his recuperation. He most certainly has that from Apple and its Board.

36 Comments

Roger C
Roger C - Monday January 05, 2009 12:22PM EST

If not being able to balance your moaning whores is all it takes to lose weight then I qualify, big time.

geronamo
geronamo - Monday January 05, 2009 12:27PM EST

steve--do you not know or understand that you are the most loved man on this planet because you are macs daddy. i marveled at the admiration that your stockholders and mac owners had for you. i did not understand it until i got my mac. dont even think about stepping down. there are people that think you could run apple from heaven. god bless and keep you.

John Paul Jones
John Paul Jones - Monday January 05, 2009 12:30PM EST

I appreciate Steve openness regarding his health along with the research conducted by his doctor to locate the problem. I too have experienced weight lose due to the lack of nutrients in the blood system. May God continue to use us and strengthen for years to come.

Yahoo! Finance User
Yahoo! Finance User - Monday January 05, 2009 12:31PM EST

Key phrase in Jobs' statement: "my doctors think they have found the cause...". Hormones out of balance is not a primary cause; something else has caused this. Jobs should state what.

Neal
Neal - Monday January 05, 2009 12:34PM EST

" ... we could all go to wikipedia, look it up, and draw our own conclusions." --- I prefer Endocrinology For Dummies. Believe it or not, the Internet is not always 100% accurate.

Larry A
Larry A - Monday January 05, 2009 12:34PM EST

It is too bad that a CEO of a major corporation, with increasing share of operating system use, 25 BILLION in cash, a 3g cell phone with retail and wholesale distribution chains already in place, an an apps store that is just starting to take off, has to continually explain his health. Bill Gates was able to step down, and maybe Steve Jobs would like to be able to enjoy all of his success with some amount of personal privacy. He has built a great company, and Cook and Shiller can manage a transition team should he so desire. The good side of a cult following is brand loyalty. The bad side is that people confuse the sizzle with the steak. Jobs is the sizzle, the company is the steak. It is a great company. And speaking of steak........eat a few, Steve. This vegan thing is a bit over the top for someone with a cancer history, isn't it?

JoAnn
JoAnn - Monday January 05, 2009 12:49PM EST

As a 12 year veteran of Apple in the early years, I wish you the very best. I have an iMac on my desk today, the latest in a succession of Apple products I have used in my home - beginning in 1982. Those were the best years of my work life. When we met, you were 22 and I was exactly twice your age. Remember the Apple Logo cake I baked for your birthday? I wish you a full recovery and many more years of good health.

Jin
Jin - Monday January 05, 2009 01:27PM EST

love live Steve Jobs!

ikat
ikat - Monday January 05, 2009 01:28PM EST

That's great news for our Steve! I wish you a fast and permanent recovery, although I'll be missing you tomorrow... :-( Please take good care of Steve and his genious mind and have a happy and healthy New Year!!!

__A_YAHOO_USER__
__A_YAHOO_USER__ - Monday January 05, 2009 01:44PM EST

tats the same thing wrong with America... but it's call a trade imbalance... quote*Now let us look at Wal-Mart again; you buy a product there, 6% goes to the employees, 10-18% is profit to the company, 25% goes to other costs and 50% goes to re-stock or the cost of goods sold. Of the 50% about 20-25% goes to China, a guess, but you get the point. Now then, how long will it take at 433 Billion dollars at year for China to have all of our money, leaving no money flow for us to circulate? At a 17 Trillion dollar economy less than 40-years minus the 1/6 they buy from us. Some say that if we keep putting money into our economy, it would take forever, but if we do not then eventually all the money flow will go. If China buys our debt then eventually they own us, no need to worry about a war, they are buying America, due in part to our own mismanaged trade, so whose fault is that? Not necessarily China, as they are doing what's in the best interests, and we should make sure that trade is not only free, but fair too.*end quote! http://www.worldthinktank.net/pdfs/TheFlowofTrade.pdf

Luz
Luz - Monday January 05, 2009 03:25PM EST

I will pray that everything in your life is ok... your health, career.. God bless you.

Jose F
Jose F - Monday January 05, 2009 06:18PM EST

Steve, I wish you a happy new year, and a speedy recovery. You are Apple's best and brightest.

EmeryB
EmeryB - Tuesday January 06, 2009 12:15AM EST

Wow! Steve the last time I saw you was on tv with Kathy Griffith on her show. You do not even look like the same person. Hope you have a full and speed recovery. God Bless.

trucker743
trucker743 - Tuesday January 06, 2009 09:34AM EST

Got my first Classic in 1988(?) My husband and I now own two iMacs, an iBook, an iPod Touch and a Nano. Always slaver over next hardware, apps, OS. Mr. Jobs has stamped his personal logo quite thoroughly on the goals and philosophy of Apple. Build it right, make it simple, but give it the ability to do the best, whatever the client wants to do. I hope Mr. J takes a good long break to relax (is that possible, Steve?), recharge, heal, and do a little dreaming of his own.

Clem
Clem - Tuesday January 06, 2009 10:18AM EST

AAPLAPPLE INC.Brian EgliOPPENHEIMER UPGRADES APPLE COMPUTER (AAPL) TO OUTPERFORM FROM PERFORMAnalyst Yair Reiner says, after yesterday's disclosures about AAPL CEO Steve Jobs' health, he's satisfied a sudden change of leadership is not imminent. Notes, while the letters from Jobs and AAPL's board raise more questions than they answer, it seems unlikely Jobs, the board, and its counsel would disclose the prognosis of a 6-mo. recovery if it were at odds with doctors' expectations. Will now refocus on the heart of the AAPL story: Mac share gains, the iPhone revolution, cash in the bank and cash that's still flowing. Has $135 target./B.Egli|US;AAPL|29466|36276

westbendbear
westbendbear - Tuesday January 06, 2009 10:27AM EST

Billy is not happy.

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