From the pinnacles of power by Fortune editor at large Patricia Sellers
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January 14, 2009, 6:34 pm

Power Point: Steve Jobs discloses illness is serious

“During the past week I have learned that my health-related issues are more complex than I originally thought.”

– Apple (AAPL) CEO Steve Jobs in a Wednesday email to employees, explaining that he’ll take a leave of absence until the end of June. The news arrives in the wake of his disclosure last week that his extreme weight loss was due to a “hormone imbalance.” And that follows another announcement three weeks earlier that Jobs would miss Macworld. Thus the swirling rumors that Jobs is more ill than he or Apple has let on.

For now at least, the company will be in the hands of COO Tim Cook, the subject of a recent Fortune cover story that speculated who might succeed Jobs. Investors, of course, are worried. Apple stock dropped 6% in after-hours trading to $80. — Jessica Shambora

Best wishes for a full recovery, Steve. Don’t worry about Apple, she’ll do fine.

Posted By Sacto Joe, Sacramento, CA : January 14, 2009 6:52 pm
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Pattie SellersPatricia Sellers has written some of Fortune's most talked-about cover stories, including "Can Meg Whitman Save California?", Melinda Gates ("The $100 Billion Woman"), "MySpace Cowboys," Martha Stewart ("I cannot be destroyed"), Ted Turner ("Gone with the Wind") and Oprah Winfrey ("Oprah Inc."). And she has broken ground with insightful pieces on career management issues such as ego ("Get Over Yourself!"), and "Charisma: Do You Need It? Can You Get It?" Pattie chairs the annual Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business, philanthropy, government, academia, and the arts. And she has helped oversee Fortune's "Most Powerful Women in Business" cover package since its launch in 1998. She started at Fortune in 1984, covering the big consumer brand companies.
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