Steve Jobs' Thoughts on Accepting Apple's CEO Position and More
Last week, Forbes published the full text of Steve Jobs' deposition to the Securities and Exchange Commission. While a number of stories have been circulating around the internet about Jobs' take on the stock options scandal, perhaps most interesting was Jobs' attitude and state of mind surrounding his return to Apple and the role of Apple CEO.
Back in 1996, after Apple announced that it would purchase NeXT, Steve Jobs returned to Apple as the "interim CEO" while a replacement was sought. Most casual observers felt that Jobs would certainly remain as CEO despite the interim title. Jobs finally dropped the interim title at the 2000 Macworld Expo. TechCrunch provides a good summary of quotes from the deposition about Steve Jobs' thought process during that time and that transitioning to Apple as full-time CEO was not as obvious a decision as one might have suspected:
Q: And did you take on the role then as CEO?
Jobs: Well, no, I did not. I was very concerned that Pixar was a newly public company with shareholders, employees, and I felt that - - to my knowledge there had never been a CEO of two public companies before. So I felt if I took the job, the Pixar shareholders and employees would think I was abandoning them.
Q. Mm-hmm
Jobs. And I decided I just - - that I couldn't do that. So I took the title of interim CEO and agreed to come back for 90 days to help recruit a full-time CEO.
Jobs, of course, was later unable to find a suitable candidate and eventually slid into the position himself.
Jobs also explains that the reason for the stock options was that he felt unappreciated by Apple's board despite the amount of work he put into the company during those years. Jobs, of course, was cleared of wrongdoing with respect to the stock option investigation.
Popular Stories
Apple has announced it will be holding a special event on Tuesday, May 7 at 7 a.m. Pacific Time (10 a.m. Eastern Time), with a live stream to be available on Apple.com and on YouTube as usual. The event invitation has a tagline of "Let Loose" and shows an artistic render of an Apple Pencil, suggesting that iPads will be a focus of the event. Subscribe to the MacRumors YouTube channel for more ...
Apple has stopped production of FineWoven accessories, according to the Apple leaker and prototype collector known as "Kosutami." In a post on X (formerly Twitter), Kosutami explained that Apple has stopped production of FineWoven accessories due to its poor durability. The company may move to another non-leather material for its premium accessories in the future. Kosutami has revealed...
Apple has dropped the number of Vision Pro units that it plans to ship in 2024, going from an expected 700 to 800k units to just 400k to 450k units, according to Apple analyst Ming-Chi Kuo. Orders have been scaled back before the Vision Pro has launched in markets outside of the United States, which Kuo says is a sign that demand in the U.S. has "fallen sharply beyond expectations." As a...
The upcoming iOS 17.5 update for the iPhone includes only a few new user-facing features, but hidden code changes reveal some additional possibilities. Below, we have recapped everything new in the iOS 17.5 and iPadOS 17.5 beta so far. Web Distribution Starting with the second beta of iOS 17.5, eligible developers are able to distribute their iOS apps to iPhone users located in the EU...
Apple is finally planning a Calculator app for the iPad, over 14 years after launching the device, according to a source familiar with the matter. iPadOS 18 will include a built-in Calculator app for all iPad models that are compatible with the software update, which is expected to be unveiled during the opening keynote of Apple's annual developers conference WWDC on June 10. The lack of ...
The lead developer of the multi-emulator app Provenance has told iMore that his team is working towards releasing the app on the App Store, but he did not provide a timeframe. Provenance is a frontend for many existing emulators, and it would allow iPhone and Apple TV users to emulate games released for a wide variety of classic game consoles, including the original PlayStation, SEGA Genesis,...
