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===Stock options backdating issue===
===Stock options backdating issue===
In 2001, Steve Jobs was granted stock options in the amount of 7.5&nbsp;million shares of Apple with an exercise price of $18.30, which allegedly should have been $21.10, thereby incurring taxable income of $20,000,000 that he did not report as income. This indicated [[backdating]]. Apple overstated its earnings by that same amount. If found liable, Jobs might have faced a number of criminal charges and civil penalties. Apple claimed that the options were originally granted at a special board meeting that may never have taken place. Furthermore, the investigation is focusing on false dating of the options resulting in a retroactive $20&nbsp;million increase in the exercise price. The case is the subject of active criminal and civil government investigations,<ref>{{cite news|url=http://www.canada.com/topics/finance/story.html?id=e23e0409-6b23-4176-83b6-b42012dd79fd&k=88694|title=New questions raised about Steve Jobs's role in Apple stock options scandal|date=December 28, 2006}}</ref> though an independent internal Apple investigation completed on December 29, 2006, found that Jobs was unaware of these issues and that the options granted to him were returned without being exercised in 2003.<ref>{{cite news|url=http://www.eetimes.com/news/latest/showArticle.jhtml?articleID=196800077|title=Apple restates, acknowledges faked documents|accessdate=January 1, 2007|date=December 29, 2006|work=[[EE Times]]}}</ref> On July 1, 2008, a $7&nbsp;billion class action suit was filed against several members of the Apple Board of Directors for revenue lost due to the alleged securities fraud.<ref>{{cite web|url=http://www.dailytech.com/Group+Wants+7B+USD+From+Apple+Steve+Jobs+Executives+Over+Securities+Fraud+/article12258.htm|title=Group Wants $7B USD From Apple, Steve Jobs, Executives Over Securities Fraud}}</ref><ref>{{cite web|url=http://www.informationweek.com/news/global-cio/legal/showArticle.jhtml?articleID=208802018|title=Apple, Steve Jobs, Executives, Board, Sued For Securities Fraud}}</ref>
In 2001, Steve Jobs was granted stock options in the amount of 7.5&nbsp;million shares of Apple with an exercise price of $18.30, which allegedly should have been $21.10, thereby incurring taxable income of $20,000,000 that he did not report as income. This indicated [[backdating]]. Apple overstated its earnings by that same amount. If found liable, Jobs might have faced a number of criminal charges and civil penalties. Apple claimed that the options were originally granted at a special board meeting. Furthermore, the investigation is focusing on false dating of the options resulting in a retroactive $20&nbsp;million increase in the exercise price. The case is the subject of active criminal and civil government investigations,<ref>{{cite news|url=http://www.canada.com/topics/finance/story.html?id=e23e0409-6b23-4176-83b6-b42012dd79fd&k=88694|title=New questions raised about Steve Jobs's role in Apple stock options scandal|date=December 28, 2006}}</ref> though an independent internal Apple investigation completed on December 29, 2006, found that Jobs was unaware of these issues and that the options granted to him were returned without being exercised in 2003.<ref>{{cite news|url=http://www.eetimes.com/news/latest/showArticle.jhtml?articleID=196800077|title=Apple restates, acknowledges faked documents|accessdate=January 1, 2007|date=December 29, 2006|work=[[EE Times]]}}</ref> On July 1, 2008, a $7&nbsp;billion class action suit was filed against several members of the Apple Board of Directors for revenue lost due to the alleged securities fraud.<ref>{{cite web|url=http://www.dailytech.com/Group+Wants+7B+USD+From+Apple+Steve+Jobs+Executives+Over+Securities+Fraud+/article12258.htm|title=Group Wants $7B USD From Apple, Steve Jobs, Executives Over Securities Fraud}}</ref><ref>{{cite web|url=http://www.informationweek.com/news/global-cio/legal/showArticle.jhtml?articleID=208802018|title=Apple, Steve Jobs, Executives, Board, Sued For Securities Fraud}}</ref>


===Management style===
===Management style===

Revision as of 17:17, 27 August 2011

Steve Jobs
Shoulder-high portrait of smiling man in his fifties wearing a black turtle neck shirt with a day-old beard holding a phone facing the viewer in his left hand
Jobs holding a white iPhone 4 at Worldwide Developers Conference 2010
Born
Steven Paul Jobs

(1955-02-24) February 24, 1955 (age 69)[1]
San Francisco, California, U.S.[1]
NationalityAmerican
Alma materReed College (dropped out in 1972)
Occupation(s)Chairman, Apple Inc.[2]
Board member ofThe Walt Disney Company,[3] Apple, Inc.
SpouseLaurene Powell (1991–present)
Children4
WebsiteSteve Jobs

Steven Paul "Steve" Jobs (born February 24, 1955) is an American business magnate and inventor. He is co-founder,[11] chairman, and former chief executive officer of Apple Inc.[12][13] Jobs also previously served as chief executive of Pixar Animation Studios; he became a member of the board of directors of The Walt Disney Company in 2006, following the acquisition of Pixar by Disney. He was credited in the 1995 movie Toy Story as an executive producer.[14]

In the late 1970s, Jobs, with Apple co-founder Steve Wozniak, Mike Markkula,[11] and others, designed, developed, and marketed one of the first commercially successful lines of personal computers, the Apple II series. In the early 1980s, Jobs was among the first to see the commercial potential of Xerox PARC's mouse-driven graphical user interface which led to the creation of the Macintosh.[15][16] After losing a power struggle with the board of directors in 1984,[17][18] Jobs resigned from Apple and founded NeXT, a computer platform development company specializing in the higher education and business markets. Apple's subsequent 1996 buyout of NeXT brought Jobs back to the company he co-founded, and he served as its CEO from 1997 until 2011. In 1986, he acquired the computer graphics division of Lucasfilm Ltd which was spun off as Pixar Animation Studios.[19] He remained CEO and majority shareholder at 50.1% until its acquisition by The Walt Disney company in 2006.[2] Consequently Jobs became Disney's largest individual shareholder at 7% and a member of Disney's Board of Directors.[20][21][22][23]

Jobs' history in business has contributed much to the symbolic image of the idiosyncratic, individualistic Silicon Valley entrepreneur, emphasizing the importance of design and understanding the crucial role aesthetics play in public appeal. His work driving forward the development of products that are both functional and elegant has earned him a devoted following.[24]

On August 24, 2011, Jobs announced his resignation from his role as Apple's CEO. In his letter of resignation, Jobs strongly recommended that the Apple executive succession plan be followed and Tim Cook be named as his successor. Per his request, Jobs was appointed chairman of Apple's board of directors.[25][26][27][28][29]

Early years

Waist-high portrait of man in his fifties wearing a black turtle-neck shirt and blue jeans, gesturing in front of a blue curtain
Steve Jobs at the WWDC 07

Jobs was born in San Francisco, California[1] and was adopted by Paul and Clara Jobs (née Hagopian)[30] of Mountain View, California, who named him Steven Paul. Paul and Clara later adopted a daughter, whom they named Patti. Jobs' biological parents – Abdulfattah Jandali, a Syrian Muslim[31] graduate student who later became a political science professor,[32] and Joanne Simpson (née Schieble), an American graduate student[31] who went on to become a speech language pathologist[33] – later married, giving birth to and raising Jobs' biological sister, the novelist Mona Simpson.[34][35][36][37][38][39]

Jobs attended Cupertino Junior High School and Homestead High School in Cupertino, California,[24] and frequented after-school lectures at the Hewlett-Packard Company in Palo Alto, California. He was soon hired there and worked with Steve Wozniak as a summer employee.[40] In 1972, Jobs graduated from high school and enrolled in Reed College in Portland, Oregon. Although he dropped out after only one semester,[41] he continued auditing classes at Reed, such as one in calligraphy, while sleeping on the floor in friends' rooms, returning Coke bottles for food money, and getting weekly free meals at the local Hare Krishna temple.[18] Jobs later stated, "If I had never dropped in on that single course in college, the Mac would have never had multiple typefaces or proportionally spaced fonts."[18]

In autumn 1974, Jobs returned to California and began attending meetings of the Homebrew Computer Club with Wozniak. He took a job as a technician at Atari, a manufacturer of popular video games, with the primary intent of saving money for a spiritual retreat to India.

Jobs then traveled to India to visit the Neem Karoli Baba[42] at his Kainchi Ashram with a Reed College friend (and, later, the first Apple employee), Daniel Kottke, in search of spiritual enlightenment. He came back a Buddhist with his head shaved and wearing traditional Indian clothing.[43][44] During this time, Jobs experimented with psychedelics, calling his LSD experiences "one of the two or three most important things [he had] done in [his] life".[45] He has stated that people around him who did not share his countercultural roots could not fully relate to his thinking.[45]

Jobs returned to his previous job at Atari and was given the task of creating a circuit board for the game Breakout. According to Atari founder Nolan Bushnell, Atari had offered $100 for each chip that was eliminated in the machine. Jobs had little interest or knowledge in circuit board design and made a deal with Wozniak to split the bonus evenly between them if Wozniak could minimize the number of chips. Much to the amazement of Atari, Wozniak reduced the number of chips by 50, a design so tight that it was impossible to reproduce on an assembly line. At the time, Jobs told Wozniak that Atari had only given them $700 (instead of the actual $5000) and that Wozniak's share was thus $350.[46][47][48][49][50][51]

Career

Beginnings of Apple Computer

See also: History of Apple
Two men in their fifties shown full length sitting in red leather chairs smiling at each other
Steve Jobs and Bill Gates at the fifth D: All Things Digital conference (D5) in 2007

In 1976, Steve Jobs, Steve Wozniak and Ronald Wayne,[52] with later funding from a then-semi-retired Intel product-marketing manager and engineer A.C. "Mike" Markkula Jr.,[11] founded Apple. Prior to co-founding Apple, Wozniak was an electronics hacker. Jobs and Wozniak had been friends for several years, having met in 1971, when their mutual friend, Bill Fernandez, introduced 21-year-old Wozniak to 16-year-old Jobs. Steve Jobs managed to interest Wozniak in assembling a computer and selling it. As Apple continued to expand, the company began looking for an experienced executive to help manage its expansion.

In 1978, Apple recruited Mike Scott from National Semiconductor to serve as CEO for what turned out to be several turbulent years. In 1983, Steve Jobs lured John Sculley away from Pepsi-Cola to serve as Apple's CEO, asking, "Do you want to sell sugar water for the rest of your life, or do you want to come with me and change the world?"[53][54] The following year, Apple aired a Super Bowl television commercial titled "1984." At Apple's annual shareholders meeting on January 24, 1984, an emotional Jobs introduced the Macintosh to a wildly enthusiastic audience; Andy Hertzfeld described the scene as "pandemonium."[55] The Macintosh became the first commercially successful small computer with a graphical user interface. The development of the Mac was started by Jef Raskin, and eventually taken over by Jobs.

While Jobs was a persuasive and charismatic director for Apple, some of his employees from that time had described him as an erratic and temperamental manager. An industry-wide sales slump towards the end of 1984 caused a deterioration in Jobs's working relationship with Sculley, and at the end of May 1985 – following an internal power struggle and an announcement of significant layoffs – Sculley relieved Jobs of his duties as head of the Macintosh division.[56]

NeXT Computer

See also: NeXT
Black equipment on a teal blue desk. At left a monitor and at right a cube, both with small NeXT logos and in front a keyboard that says "Propriete CERN". Resting on the keyboard is a copy of "Information Management: A Proposal," and to its right is a book, probably "Enquire Within upon Everything". A partly peeled off label on the cube says, "This machine is a server. DO NOT POWER IT DOWN!!"
The NeXT used by Tim Berners-Lee at CERN that became the first server in the World Wide Web.

Around the same time, Jobs founded another computer company, NeXT Computer. Like the Apple Lisa, the NeXT workstation was technologically advanced; however, it was largely dismissed by industry as cost-prohibitive. Among those who could afford it, however, the NeXT workstation garnered a strong following because of its technical strengths, chief among them its object-oriented software development system. Jobs marketed NeXT products to the scientific and academic fields because of the innovative, experimental new technologies it incorporated (such as the Mach kernel, the digital signal processor chip, and the built-in Ethernet port).

The NeXTcube was described by Jobs as an "interpersonal" computer, which he believed was the next step after "personal" computing. That is, if computers could allow people to communicate and collaborate together in an easy way, it would solve many of the problems that "personal" computing had come up against.

During a time when e-mail for most people was plain text, Jobs loved to demo the NeXT's e-mail system, NeXTMail, as an example of his "interpersonal" philosophy. NeXTMail was one of the first to support universally visible, clickable embedded graphics and audio within e-mail.

Jobs ran NeXT with an obsession for aesthetic perfection, as evidenced by such things as the NeXTcube's magnesium case. This put considerable strain on NeXT's hardware division, and in 1993, after having sold only 50,000 machines, NeXT transitioned fully to software development with the release of NeXTSTEP/Intel.

Pixar and Disney

In 1986, Jobs bought The Graphics Group (later renamed Pixar) from Lucasfilm's computer graphics division for the price of $10 million, $5 million of which was given to the company as capital.[57]

The new company, which was originally based at Lucasfilm's Kerner Studios in San Rafael, California, but has since relocated to Emeryville, California, was initially intended to be a high-end graphics hardware developer. After years of unprofitability selling the Pixar Image Computer, it contracted with Disney to produce a number of computer-animated feature films, which Disney would co-finance and distribute.

The first film produced by the partnership, Toy Story, brought fame and critical acclaim to the studio when it was released in 1995. Over the next 15 years, under Pixar's creative chief John Lasseter, the company would produce the box-office hits A Bug's Life (1998), Toy Story 2 (1999), Monsters, Inc. (2001), Finding Nemo (2003), The Incredibles (2004), Cars (2006), Ratatouille (2007), WALL-E (2008), Up (2009) and Toy Story 3 (2010). Finding Nemo, The Incredibles, Ratatouille, WALL-E, Up and Toy Story 3 each received the Academy Award for Best Animated Feature, an award introduced in 2001.

In the years 2003 and 2004, as Pixar's contract with Disney was running out, Jobs and Disney chief executive Michael Eisner tried but failed to negotiate a new partnership,[58] and in early 2004 Jobs announced that Pixar would seek a new partner to distribute its films once its contract with Disney expired.

In October 2005, Bob Iger replaced Eisner at Disney, and Iger quickly worked to patch up relations with Jobs and Pixar. On January 24, 2006, Jobs and Iger announced that Disney had agreed to purchase Pixar in an all-stock transaction worth $7.4 billion. Once the deal closed, Jobs became The Walt Disney Company's largest single shareholder with approximately 7% of the company's stock.[20] Jobs's holdings in Disney far exceed those of Eisner, who holds 1.7%, and of Disney family member Roy E. Disney, who until his 2009 death held about 1% of the company's stock and whose criticisms of Eisner – especially that he soured Disney's relationship with Pixar – accelerated Eisner's ousting. Jobs joined the company's board of directors upon completion of the merger. Jobs also helps oversee Disney and Pixar's combined animation businesses with a seat on a special six-man steering committee.

Return to Apple

Full-length portrait of man about fifty wearing jeans and a black turtleneck shirt, standing in front of a dark curtain with a white Apple logo
Jobs on stage at Macworld Conference & Expo, San Francisco, January 11, 2005
See also: "1998–2005: Return to profitability" in Apple Inc.

In 1996, Apple announced that it would buy NeXT for $429 million. The deal was finalized in late 1996,[59] bringing Jobs back to the company he had co-founded. Jobs became de facto chief after then-CEO Gil Amelio was ousted in July. He was formally named interim chief executive in September 1997.[60] In March 1998, to concentrate Apple's efforts on returning to profitability, Jobs terminated a number of projects, such as Newton, Cyberdog, and OpenDoc. In the coming months, many employees developed a fear of encountering Jobs while riding in the elevator, "afraid that they might not have a job when the doors opened. The reality was that Jobs' summary executions were rare, but a handful of victims was enough to terrorize a whole company."[61] Jobs also changed the licensing program for Macintosh clones, making it too costly for the manufacturers to continue making machines.

With the purchase of NeXT, much of the company's technology found its way into Apple products, most notably NeXTSTEP, which evolved into Mac OS X. Under Jobs's guidance the company increased sales significantly with the introduction of the iMac and other new products; since then, appealing designs and powerful branding have worked well for Apple. At the 2000 Macworld Expo, Jobs officially dropped the "interim" modifier from his title at Apple and became permanent CEO.[62] Jobs quipped at the time that he would be using the title 'iCEO.'[63]

In recent years, the company has branched out, introducing and improving upon other digital appliances. With the introduction of the iPod portable music player, iTunes digital music software, and the iTunes Store, the company made forays into consumer electronics and music distribution. In 2007, Apple entered the cellular phone business with the introduction of the iPhone, a multi-touch display cell phone, which also included the features of an iPod and, with its own mobile browser, revolutionized the mobile browsing scene. While stimulating innovation, Jobs also reminds his employees that "real artists ship",[64] by which he means that delivering working products on time is as important as innovation and attractive design.

Jobs is both admired and criticized for his consummate skill at persuasion and salesmanship, which has been dubbed the "reality distortion field" and is particularly evident during his keynote speeches (colloquially known as "Stevenotes") at Macworld Expos and at Apple's own Worldwide Developers Conferences.

In 2005, Jobs responded to criticism of Apple's poor recycling programs for e-waste in the U.S. by lashing out at environmental and other advocates at Apple's Annual Meeting in Cupertino in April. However, a few weeks later, Apple announced it would take back iPods for free at its retail stores. The Computer TakeBack Campaign responded by flying a banner from a plane over the Stanford University graduation at which Jobs was the commencement speaker.[18] The banner read "Steve — Don't be a mini-player recycle all e-waste". In 2006, he further expanded Apple's recycling programs to any U.S. customer who buys a new Mac. This program includes shipping and "environmentally friendly disposal" of their old systems.[65]

Resignation

Wikinews has related news:

In August 2011, Jobs resigned as CEO of Apple, but remained at the company as chairman of the company's board.[66][67][27] Hours after the announcement, Apple Inc. (AAPL) shares dropped 5% in after-hour trading.[68] The relatively small drop, when considering the importance of Jobs to Apple, was associated with the fact that Jobs' health had been in the news for several years, and he was on medical leave since January 2011.[69] It was believed, according to Forbes, that the impact would be felt in a negative way beyond Apple, including at the Walt Disney Company where Jobs serves as director.[70] In after-hour trading on the day of the announcement, Walt Disney Co. (DIS) shares dropped 1.5%.[71]

Business life

Wealth

Even though Jobs earned only $1 a year as CEO of Apple,[72] he holds 5.426 million Apple shares, as well as 138 million shares in Disney (which he had received in exchange for Disney's acquisition of Pixar).[73] Forbes has estimated his net wealth at $5.1 billion in 2009, making him the 43rd wealthiest American.[74]

Stock options backdating issue

In 2001, Steve Jobs was granted stock options in the amount of 7.5 million shares of Apple with an exercise price of $18.30, which allegedly should have been $21.10, thereby incurring taxable income of $20,000,000 that he did not report as income. This indicated backdating. Apple overstated its earnings by that same amount. If found liable, Jobs might have faced a number of criminal charges and civil penalties. Apple claimed that the options were originally granted at a special board meeting. Furthermore, the investigation is focusing on false dating of the options resulting in a retroactive $20 million increase in the exercise price. The case is the subject of active criminal and civil government investigations,[75] though an independent internal Apple investigation completed on December 29, 2006, found that Jobs was unaware of these issues and that the options granted to him were returned without being exercised in 2003.[76] On July 1, 2008, a $7 billion class action suit was filed against several members of the Apple Board of Directors for revenue lost due to the alleged securities fraud.[77][78]

Management style

Shoulder-high portrait of two middle aged men, the one on left wearing a blue dress shirt and suitcoat, the one on right wearing a black turtleneck shirt and with his glasses pushed back onto his head and holding a phone facing them with an Apple logo visible on its back
Jobs demonstrating the iPhone 4 to Russian President Dmitry Medvedev on June 23, 2010

Much has been made of Jobs' aggressive and demanding personality. Fortune wrote that he "is considered one of Silicon Valley's leading egomaniacs."[79] Commentaries on his temperamental style can be found in Mike Moritz's The Little Kingdom, one of the few authorized biographies of Jobs; The Second Coming of Steve Jobs, by Alan Deutschman; and iCon: Steve Jobs, by Jeffrey S. Young & William L. Simon. In 1993, Jobs made Fortune's list of America's Toughest Bosses in regard to his leadership of Next. Cofounder Dan'l Lewin was quoted in Fortune as saying of that period, "The highs were unbelievable . . . [b]ut the lows were unimaginable," to which Jobs's office replied that his personality had changed since then.[80]

Jef Raskin, a former colleague, once said that Jobs "would have made an excellent king of France," alluding to Jobs' compelling and larger-than-life persona.[81]

Jobs has always aspired to position Apple and its products at the forefront of the information technology industry by foreseeing and setting trends, at least in innovation and style. He summed up that self-concept at the end of his keynote speech at the Macworld Conference and Expo in January 2007 by quoting ice hockey legend Wayne Gretzky:[82]

There's an old Wayne Gretzky quote that I love. 'I skate to where the puck is going to be, not where it has been.' And we've always tried to do that at Apple. Since the very very beginning. And we always will.

— Steve Jobs

Floyd Norman said that at Pixar, Jobs was a "mature, mellow individual" and never interfered with the creative process of the filmmakers.[83]

In 2005, Steve Jobs banned all books published by John Wiley & Sons from Apple Stores in response to their publishing an unauthorized biography, iCon: Steve Jobs.[84] In its 2010 annual earnings report, Wiley said it had "closed a deal ... to make its titles available for the iPad."[85]

Inventions

Jobs is listed as either primary inventor or co-inventor in over 230 awarded patents or patent applications related to a range of technologies from actual computer and portable devices to user interfaces (including touch-based), speakers, keyboards, power adapters, staircases, clasps, sleeves, lanyards and packages.[86][87]

Philanthropy

After Bloomberg accidentally published Jobs' obituary in 2008, Arik Hesseldahl of BusinessWeek magazine noted that "Jobs isn’t widely known for his association with philanthropic causes", compared to Bill Gates' efforts.[88] After resuming control of Apple in 1997, Jobs eliminated all corporate philanthropy programs.[89]

Personal life

Jobs married Laurene Powell, on March 18, 1991. Presiding over the wedding was the Zen Buddhist monk Kobun Chino Otogawa.[90] The couple have a son and two daughters.[91] Jobs also has a daughter, Lisa Brennan-Jobs (born 1978), from his relationship with Bay Area painter Chrisann Brennan.[92] She briefly raised their daughter on welfare when Jobs denied paternity, claiming that he was sterile; he later acknowledged paternity.[92]

In the unauthorized biography, The Second Coming of Steve Jobs, author Alan Deutschman reports that Jobs once dated Joan Baez. Deutschman quotes Elizabeth Holmes, a friend of Jobs from his time at Reed College, as saying she "believed that Steve became the lover of Joan Baez in large measure because Baez had been the lover of Bob Dylan." In another unauthorized biography, iCon: Steve Jobs by Jeffrey S. Young & William L. Simon, the authors suggest that Jobs might have married Baez, but her age at the time (41) meant it was unlikely the couple could have children.

Jobs is also a Beatles fan. He has referenced them on more than one occasion at Keynotes and also was interviewed on a showing of a Paul McCartney concert. When asked about his business model on 60 Minutes, he replied:[93]

My model for business is The Beatles: They were four guys that kept each other's negative tendencies in check; they balanced each other. And the total was greater than the sum of the parts. Great things in business are not done by one person, they are done by a team of people.

In 1982, Jobs bought an apartment in The San Remo, an apartment building in New York City with a politically progressive reputation, where Demi Moore, Steven Spielberg, Steve Martin, and Princess Yasmin Aga Khan, daughter of Rita Hayworth, also had apartments. With the help of I.M. Pei, Jobs spent years renovating his apartment in the top two floors of the building's north tower, only to sell it almost two decades later to U2 frontman Bono. Jobs had never moved in.[94][95]

In 1984, Jobs purchased a 17,000-square-foot (1,600 m2), 14 bedroom Spanish Colonial mansion, designed by George Washington Smith in Woodside, California, also known as Jackling House. Although it reportedly remained in an almost unfurnished state, Jobs lived in the mansion for almost ten years. According to reports, he kept an old BMW motorcycle in the living room, and let Bill Clinton use it in 1998. Since the early 1990s, Jobs has lived in a house in the Old Palo Alto neighborhood of Palo Alto. President Clinton dined with Jobs and 14 Silicon Valley CEOs there on August 7, 1996 on a meal catered by Greens Restaurant.[96][97] Clinton returned the favor and Jobs, who was a Democratic donor, slept in the Lincoln bedroom of the White House.[98]

Jobs allowed Jackling House to fall into a state of disrepair, planning to demolish the house and build a smaller home on the property; but he met with complaints from local preservationists over his plans. In June 2004, the Woodside Town Council gave Jobs approval to demolish the mansion, on the condition that he advertise the property for a year to see if someone would move it to another location and restore it. A number of people expressed interest, including several with experience in restoring old property, but no agreements to that effect were reached. Later that same year, a local preservationist group began seeking legal action to prevent demolition. In January 2007 Jobs was denied the right to demolish the property, by a court decision.[99] The court decision was overturned on appeal in March 2010 and the mansion was demolished beginning February 2011.[100]

He usually wears a black long-sleeved mock turtleneck made by St. Croix, Levi's 501 blue jeans, and New Balance 991 sneakers.[101] He is a pescetarian, one whose diet includes fish but no other meat.[102][103]

His choice of car is a silver 2006 Mercedes SL 55 AMG, which does not display its license plates.[104][105]

Jobs had a public war of words with Dell Computer CEO Michael Dell, starting when Jobs first criticized Dell for making "un-innovative beige boxes."[106] On October 6, 1997, in a Gartner Symposium, when Michael Dell was asked what he would do if he owned then-troubled Apple Computer, he said "I'd shut it down and give the money back to the shareholders."[107] In 2006, Steve Jobs sent an email to all employees when Apple's market capitalization rose above Dell's. The email read:[108]

Team, it turned out that Michael Dell wasn't perfect at predicting the future. Based on today's stock market close, Apple is worth more than Dell. Stocks go up and down, and things may be different tomorrow, but I thought it was worth a moment of reflection today. Steve.

Health

In mid-2004, Jobs announced to his employees that he had been diagnosed with a cancerous tumor in his pancreas.[109] The prognosis for pancreatic cancer is usually very poor; Jobs, however, stated that he had a rare, far less aggressive type known as islet cell neuroendocrine tumor.[109] After initially resisting the idea of conventional medical intervention and embarking on a special diet to thwart the disease, Jobs underwent a pancreaticoduodenectomy (or "Whipple procedure") in July 2004 that appeared to successfully remove the tumor.[110][111] Jobs apparently did not require nor receive chemotherapy or radiation therapy.[109][112] During Jobs' absence, Timothy D. Cook, head of worldwide sales and operations at Apple, ran the company.[109]

Crotch-high portrait of man in his fifties wearing blue jeans and a black turtleneck shirt, carrying an open laptop computer in his right hand, large Apple logo cut off behind him
Jobs at the 2008 Macworld Conference & Expo

In early August 2006, Jobs delivered the keynote for Apple's annual Worldwide Developers Conference. His "thin, almost gaunt" appearance and unusually "listless" delivery,[113][114] together with his choice to delegate significant portions of his keynote to other presenters, inspired a flurry of media and Internet speculation about his health.[115] In contrast, according to an Ars Technica journal report, WWDC attendees who saw Jobs in person said he "looked fine."[116] Following the keynote, an Apple spokesperson said that "Steve's health is robust."[117]

Two years later, similar concerns followed Jobs' 2008 WWDC keynote address.[118] Apple officials stated Jobs was victim to a "common bug" and that he was taking antibiotics,[119] while others surmised his cachectic appearance was due to the Whipple procedure.[120] During a July conference call discussing Apple earnings, participants responded to repeated questions about Steve Jobs' health by insisting that it was a "private matter." Others, however, voiced the opinion that shareholders had a right to know more, given Jobs' hands-on approach to running his company.[121] The New York Times published an article based on an off-the-record phone conversation with Jobs, noting that "while his health issues have amounted to a good deal more than 'a common bug,' they weren’t life-threatening and he doesn’t have a recurrence of cancer."[122]

On August 28, 2008, Bloomberg mistakenly published a 2500-word obituary of Jobs in its corporate news service, containing blank spaces for his age and cause of death. (News carriers customarily stockpile up-to-date obituaries to facilitate news delivery in the event of a well-known figure's untimely death.) Although the error was promptly rectified, many news carriers and blogs reported on it,[123][124][125] intensifying rumors concerning Jobs' health.[126] Jobs responded at Apple's September 2008 Let's Rock keynote by quoting Mark Twain: "Reports of my death are greatly exaggerated."[127] At a subsequent media event, Jobs concluded his presentation with a slide reading "110/70", referring to his blood pressure, stating he would not address further questions about his health.[128]

On December 16, 2008, Apple announced that marketing vice-president Phil Schiller would deliver the company's final keynote address at the Macworld Conference and Expo 2009, again reviving questions about Jobs' health.[129][130][131] In a statement given on January 5, 2009 on Apple.com,[132] Jobs said that he had been suffering from a "hormone imbalance" for several months.[133] On January 14, 2009, in an internal Apple memo, Jobs wrote that in the previous week he had "learned that my health-related issues are more complex than I originally thought" and announced a six-month leave of absence until the end of June 2009 to allow him to better focus on his health. Tim Cook, who had previously acted as CEO in Jobs' 2004 absence, became acting CEO of Apple,[134] with Jobs still involved with "major strategic decisions."[134]

In April 2009, Jobs underwent a liver transplant at Methodist University Hospital Transplant Institute in Memphis, Tennessee.[135][136] Jobs' prognosis was "excellent."[136]

On January 17, 2011, one and a half years after Jobs returned from his liver transplant, Apple announced that he had been granted a medical leave of absence. Jobs announced his leave in a letter to employees, stating his decision was made "so he could focus on his health." As during his 2009 medical leave, Apple announced that Tim Cook would run day-to-day operations and that Jobs would continue to be involved in major strategic decisions at the company.[137][138] Despite the leave, he made appearances at the iPad 2 launch event (March 2), the WWDC keynote introducing iCloud (June 6), and before the Cupertino city council (June 7).[139]

Honors

He was awarded the National Medal of Technology from President Ronald Reagan in 1984 with Steve Wozniak (among the first people to ever receive the honor),[140] and a Jefferson Award for Public Service in the category "Greatest Public Service by an Individual 35 Years or Under" (a.k.a. the Samuel S. Beard Award) in 1987.[141] On November 27, 2007, Jobs was named the most powerful person in business by Fortune Magazine.[142] On December 5, 2007, California Governor Arnold Schwarzenegger and First Lady Maria Shriver inducted Jobs into the California Hall of Fame, located at The California Museum for History, Women and the Arts.[143]

In August 2009, Jobs was selected the most admired entrepreneur among teenagers on a survey by Junior Achievement.[144] On November 5, 2009, Jobs was named the CEO of the decade by Fortune Magazine.[145] In November 2009, Jobs was ranked No.57 on Forbes: The World's Most Powerful People.[146] In December 2010, the Financial Times named Jobs its person of the year for 2010, ending its essay by stating, "In his autobiography, John Sculley, the former PepsiCo executive who once ran Apple, said this of the ambitions of the man he had pushed out: 'Apple was supposed to become a wonderful consumer products company. This was a lunatic plan. High-tech could not be designed and sold as a consumer product.' How wrong can you be".[147]

Due to his young age, great wealth, and charisma, after Apple's founding Jobs became a symbol of his company and industry. When TIME named the computer as the 1982 "Machine of the Year", it published a long profile of him as "the most famous maestro of the micro."[148][149] Jobs was prominently featured in three films about the history of the personal computing industry:

Jobs was depicted in the first series of the BBC Television comedy Harry & Paul as part of The Computer Tycoons along with Bill Gates.[150]

After his resignation as Apple's CEO, Jobs was characterized as the Thomas Edison and Henry Ford of his time.[151][152]

Quotations

[About Steve Jobs] "In the digital revolution, he has been the revolutionary."[153]

See also

Template:Wikipedia-Books

 

Notes

  1. ^ a b c "Smithsonian Oral and Video Histories: Steve Jobs". Smithsonian Institution. April 20, 1995. Retrieved September 20, 2006.
  2. ^ a b "Apple — Press Info — Bios — Steve Jobs". Apple Inc. 2006. Retrieved September 20, 2006. {{cite web}}: Unknown parameter |month= ignored (help)
  3. ^ "The Walt Disney Company and Affiliated Companies – Board of Directors". The Walt Disney Company. Retrieved October 2, 2009.
  4. ^ Gauvin, P and Arrington, V. (Aug 9, 1996). WAVERLEY STREET: Clinton stops by Palo Alto for dinner: Excited residents greet president in front of Steve Jobs' house. Palo Alto Online. Retrieved on: July 19, 2010.
  5. ^ "Putting Pay for Performance to the Test". New York Times. April 8, 2007.
  6. ^ "Apple again pays Jobs $1 salary". CNET News.com. March 13, 2006.
  7. ^ "Jobs' salary remained at $1 in 2005". AppleInsider. March 14, 2006.
  8. ^ "Steve Jobs banks his $1 salary, loses $500m". The Independent. UK. January 8, 2009. Retrieved October 2, 2009.
  9. ^ "Forbes 400 Richest Americans". Forbes. March, 2011. Retrieved March 10, 2011. {{cite news}}: Check date values in: |date= (help)
  10. ^ Elkind, Peter (March 15, 2008). "The trouble with Steve Jobs". Fortune. Retrieved July 21, 2008.
  11. ^ a b c Markoff, John (September 1, 1997). "An 'Unknown' Co-Founder Leaves After 20 Years of Glory and Turmoil". New York Times. Retrieved August 24, 2011.
  12. ^ "Steve Jobs Resigns as CEO of Apple" (Press release). Apple Inc. August 24, 2011. Retrieved August 24, 2011.
  13. ^ "Steve Jobs Resigns as Apple CEO". Retrieved August 24, 2011.
  14. ^ IMDB, "Toy Story" Credits
  15. ^ Kahney, Leander (January 6, 2004). "Wired News: We're All Mac Users Now". Wired News. Retrieved September 20, 2006.
  16. ^ "America's Most Admired Companies: Jobs' journey timeline". CNNMoney.com. Retrieved May 24, 2010. Jobs and a team of engineers visit Xerox PARC, where they see a demo of mouse and graphical user interface
  17. ^ Vivek Kaul (May 11, 2009). "What Steve Jobs did when he was fired from Apple". DNA (newspaper).
  18. ^ a b c d "'You've got to find what you love,' Jobs says". Stanford Report. June 14, 2005. Retrieved March 31, 2006."I didn't see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me".
  19. ^ "Pixar History – 1986". Pixar. Retrieved April 25, 2008.
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  147. ^ Richard Waters and Joseph Menn, "Silicon Valley visionary who put Apple on top," Financial Times, December 22, 2010. The actual text from the biography is:
    Apple was supposed to become a wonderful consumer products company. That's why it hired a soft-drinks guy in the first place. By now, however, I knew this was a lunatic plan; our race to realize it had been a death march. Technology companies are only superficially in the same category as consumer products companies. We couldn't bend reality to all our dreams of changing the world. The world would also have to change us. Our perspective had been hopelessly wrong. High tech could not be designed and sold as a consumer product. The consumer business had collapsed at the end of 1984. Most people who bought computers stuffed them in the closet because balancing a checkbook wasn't reason enough to flick on the switch. Consumers weren't ready to put computers in their homes as easily as they installed telephones, refrigerators, televisions, and even Cuisinarts. They weren't willing to pay a couple of thousand dollars for something they didn't know what to do with. John Sculley and John A. Byrne, Odyssey: Pepsi to Apple – a journey of adventure, ideas and the future, Harper & Row, 1987
  148. ^ Cocks, Jay; Michael Moritz (January 3, 1983). "The Updated Book of Jobs". Time. Retrieved February 24, 2011.{{cite news}}: CS1 maint: multiple names: authors list (link)
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  150. ^ Lougher, Sharon. "Ruddy Hell! It's Harry And Paul". Metro. Retrieved August 27, 2011. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  151. ^ Cain Miller, Claire (August 25, 2011). "Where Some Earn Enmity, Jobs Won Affection". The New York Times. Retrieved August 26, 2011.
  152. ^ Nocera, Joe (August 26, 2011). "What Makes Steve Jobs Great". The New York Times. Retrieved August 26, 2011.
  153. ^ "Reporter's Notebook", CBS Radio News, August 25, 2011.

References

Articles

Interviews

Business positions
Preceded by CEO of Apple
1997–2011 		Succeeded by

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