One CEO who surely wasn't paid too much
Apple Inc. shares dropped as much as 10% Wednesday evening after the technology company said that Chief Executive Steve Jobs will take a medical leave of absence until the end of June.
Apple (AAPL: 85.33, -2.38, -2.7%) shares were last down 7.6% to $78.80. They finished the regular-session at $85.30.
Jobs, in a statement, said that during the past week he's learned that his health-related issues "are more complex than I originally thought."
Chief Operating Officer Tim Cook will be responsible for day to day operations.
"Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well," said Jobs.