Steve Jobs: Remains CEO despite 'hormone imbalance'

Responding to months of rumors about his health, on Monday Steve Jobs made the most detailed disclosure about the medical condition that has caused him to lose weight.

Sources have thrown light on the news of Steve Jobs. According to them, he is suffering from a hormone imbalance. In spite of that he would keep running the company. It also has given reassurance to few investors, who pushed up Apple stock to over four percent. "There was definitely fear" he would have to step down. Shaw Wu, a senior research analyst at Kaufman Bros has put forth this comment.

There are other analysts who have laid the criticism about the way the company is handling the sensitive issue of the health of its CEO's, which it has previously described as a "private matter."

The announcement on Monday is "another example of a culture of producing information for investors in dribs and drabs." Stephen Davis, senior fellow at Yale University's Millstein Center for Corporate Governance and Performance, has made this comment. who said that Apple should have been more forthcoming sooner.

Steve Jobs, of course, is not a typical CEO. As a pop icon and as an executive, he is considered central to innovative success of his company. His every utterance is followed by numerous bloggers, business writers and technological analysts. A speculation is made that Steve was dying, which circulated round the internet last week, that finally prompted Jobs to respond.

"He is to that company what Mickey Mouse is to Disney, except Mickey Mouse is not going to get sick," added expert Nell Minnow, the corporate governance.

On Monday in an open letter to investors and consumers, the Apple chief executive Steve Jobs wrote that he had a hormone imbalance that is "robbing" his body of proteins, thereby causing him to drastically lose weight and triggering profound concern about his condition in current months. He did not say whether it is connected to his previous bout with cancer.

According to Steve Jobs he has begun treatment and will remain head of the Cupertino company. He also said that the treatment, which he did not describe but called "relatively simple and straightforward," will enable him to get back his weight by spring.

For months, Steve Jobs and his company fended off questions about his gaunt appearance and said that his health was a private matter. Jobs battled pancreatic cancer four years ago and reportedly told the company's board last year that he was free from cancer.