As Apple Chief Executive Officer Steve Jobs took an unexpected leave of absence Monday, Tim Cook, Fuqua '88, will step up to run one of the world's biggest technology company.
This is the third time that Cook, Apple's Chief Operating Officer, will take the reins, after stepping in for Jobs in August 2004 and the first half of 2009. The Chronicle previously profiled the Duke alum, who received his master’s in business administration from Fuqua School of Business.
One of Cook's first tasks was announcing Apple's $6 billion record quarterly profits today. The news comes as Apple's stocks plummeted as much as 6% in trading Tuesday after the announcement of Jobs' leave of absence.
ITN News created a video summarizing the news.
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