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October 15, 1993: John Sculley, the previous CEO liable for forcing Steve Jobs out of Apple, is pressured to go away the corporate himself. When Sculley resigns as Apple’s chairman, he leaves with a golden parachute.
His parting items embrace $1 million in severance pay, a one-year consulting charge of $750,000, a dedication from Apple to purchase his $4 million mansion and $2 million Learjet, and $2.4 million in inventory choices. Complete take: round $10 million.
John Sculley resigns from Apple’s board
John Sculley joined Apple in Could 1983 as its third president and CEO, following Mike Scott and Mike Markkula. Apple co-founder Steve Jobs himself lured Sculley to the corporate, utilizing one of the crucial well-known recruitment traces within the historical past of enterprise.
“Do you want to spend the rest of your life selling sugar water or do you want a chance to change the world?” Jobs requested Sculley.
The preliminary concept was that Jobs, who was chairman at Apple, would run the corporate hand-in-hand with Sculley. Nonetheless, tensions between the 2 meant that Jobs acquired pressured out of Apple after trying a boardroom coup in 1985.
Sculley’s tenure at Apple proved blended. By way of financials, he elevated Apple’s gross sales from $800 million to $8 billion throughout his 10-year stint as CEO. Throughout this era, the Apple II and Macintosh computer systems turned Apple’s largest sellers, with the latter steadily overtaking the…
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Author : tech365
Publish date : 2025-10-15 16:20:00
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