Once again Disney shareholders have re-elected Steve Jobs to the company’s board of Directors. It was also learn that there was an opposition from the AFL-ACO and the Labor Union Federation on the point of Steve re-appointment. The Union argue because of his poor health and his Job as CEO of Apple.
According to Bloomberg:
“Nevertheless, Jobs was re-elected on Wednesday at Disney’s annual shareholder meeting in Utah.”
[Via]
http://www.cultofmac.com
John Sculley has given one beast of an interview to Cult of Mac, and it’s all about Steve Jobs. It’s a follow-up of a sort to the candid words Sculley gave The Daily Beast in June, where he talked about how he wished things had worked out differently between him and Steve. In this new interview Sculley takes it all a step
(and several thousand words) further, talking about the genius of Steve Jobs with obvious admiration.
Sculley says that after Steve was ousted he basically attempted to run the company within the template for design and innovation that Steve had set down, and that Steve merely returned the company to his own original model when he came back in 1997.
One particularly interesting story is of the Newton, which Sculley says actually saved the company from going bankrupt. Apple owned a 47 percent stake in the fledgling company that build the ARM processor for the first Newton, and when finances got tough Apple got $800 million out of selling its stake — which easily offset the $100 million Apple “burned” on building the Newton.
[via]
http://www.cultofmac.com
The antenna massacre for Apple led to the resignation of the executive in charge. Apparently, Mark Papermaster quit Apple for all the stumbles related to the iPhone antenna issue.
But sources have revealed another story, “His departure was highly because of cultural incompatibility, the CEO had lost confidence on him and when he was not invited for decision making processes sometimes”; said an employee close to Papermaster.
But this update has also been cited by Wall Street Journal the other way round stating Papermaster’s reason for resignation to be solely professional and can be attributed to office politics. However, he joined the company when the testing for iPhone was in process. His decision was his personal obligations, as stated by Apple.
Hope Apple comes up with the best, be it the Apple of the “i” products or the staffs.
Thanks [Macrumors]
Steven Paul Jobs, Apple CEO and co-founder, the 43rd richest man in America and largest individual Disney shareholder, is according to Fortune named ‘CEO of the Decade‘ for his role in turning Apple into a groundbreaking technology leader.
Youthful founder gets booted from his company in the 1980s, returns in the 1990s, and in the following decade survives two brushes with death, one securities-law scandal, an also-ran product lineup, and his own often unpleasant demeanor to become the dominant personality in four distinct industries, a billionaire many times over, and CEO of the most valuable company in Silicon Valley.
One reason why Jobs is named as CEO of the decade is that he, after his return to Apple, introduced the iMac that became a breakthrough with its all-in-one computer system, and it reestablished Apple’s economy, and in 2001 he and Apple launched iTunes as a music software and later the same year Apple released the first iPod, but those events didn’t seemed to help in an established market, and takeovers were rumored.
At this time, Macintosh computers were mainly used by students and artists, but Steve Jobs had a plan and he convinced the rest of Apple’s board that it would be a great idea to build retail stores, and at the same time it was realized that Apple had to become different on designs compared to the successful blandness of Microsoft, Dell and Intel. That difference proved to be a breakthrough and after a short while, people came to Apple begging for the next iPod.
In 2002 Apple made iTunes Windows compatible, and it became another huge step forward for Apple and just a year after, iTunes Store was opened and became pioneer in digital music. 5 years later another brilliant idea was realized: the App Store. But wait, isn’t something missing? Of course. The iPod became an astonishing success, and in 2007 Apple reinvented the phone. In other words, they introduced the iPhone – an iPod and a phone in one single device.
In January 2009, Steve Jobs took a 5 months leave of absence from Apple to undergo a liver transplant, and fans of Apple didn’t saw him until September 9th, when he returned as first keynote speaker and presented among other a new iPod Nano lineup.
At AppleLunch we couldn’t agree more to Fortunes decision of naming Steve Jobs as ‘CEO of the Decade’ and without him, Apple news and rumors wouldn’t be that interesting to follow.
Apple today announced that Google CEO Eric Schmidt has resigned from Apple’s Board of Directors due to increasing competition between the two companies and its impact on his effectiveness as an Apple Board member.
Steve Jobs said:
“Eric has been an excellent Board member for Apple, investing his valuable time, talent, passion and wisdom to help make Apple successful. Unfortunately, as Google enters more of Apple’s core businesses, with Android and now Chrome OS, Eric’s effectiveness as an Apple Board member will be significantly diminished, since he will have to recuse himself from even larger portions of our meetings due to potential conflicts of interest. Therefore, we have mutually decided that now is the right time for Eric to resign his position on Apple’s Board.”
