Apple backdating scandal


10-Jun-2020 12:34

apple backdating scandal-28

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On the brink of bankruptcy when he returned, Apple now has a market value of 8 billion—more than Merck (MRK), Mc Donald’s (MCD), or Goldman Sachs (GS);

On the brink of bankruptcy when he returned, Apple now has a market value of $108 billion—more than Merck (MRK), Mc Donald’s (MCD), or Goldman Sachs (GS); $1,000 invested in Apple shares on the day Jobs took over is worth about $36,000 today.And it isn’t just Apple and its investors that have benefited from Jobs’ executive skill.Yet to the horror of the tiny circle of intimates in whom he’d confided, Jobs was considering not having the surgery at all.A Buddhist and vegetarian, the Apple CEO was skeptical of mainstream medicine.“It was very traumatic for all of us,” recalls one of those in whom Jobs confided, speaking on condition of anonymity because of the topic’s sensitivity.

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On the brink of bankruptcy when he returned, Apple now has a market value of $108 billion—more than Merck (MRK), Mc Donald’s (MCD), or Goldman Sachs (GS); $1,000 invested in Apple shares on the day Jobs took over is worth about $36,000 today.

And it isn’t just Apple and its investors that have benefited from Jobs’ executive skill.

Yet to the horror of the tiny circle of intimates in whom he’d confided, Jobs was considering not having the surgery at all.

A Buddhist and vegetarian, the Apple CEO was skeptical of mainstream medicine.

“It was very traumatic for all of us,” recalls one of those in whom Jobs confided, speaking on condition of anonymity because of the topic’s sensitivity.

“We all really care about Steve, and it was a serious risk for the company as well. This was one page in the adventure.” The Steve Jobs adventure: By now it’s one of the most remarkable stories in business.

,000 invested in Apple shares on the day Jobs took over is worth about ,000 today.

And it isn’t just Apple and its investors that have benefited from Jobs’ executive skill.

Yet to the horror of the tiny circle of intimates in whom he’d confided, Jobs was considering not having the surgery at all.

A Buddhist and vegetarian, the Apple CEO was skeptical of mainstream medicine.

“It was very traumatic for all of us,” recalls one of those in whom Jobs confided, speaking on condition of anonymity because of the topic’s sensitivity.

“We all really care about Steve, and it was a serious risk for the company as well. This was one page in the adventure.” The Steve Jobs adventure: By now it’s one of the most remarkable stories in business.

During a routine abdominal scan, doctors had discovered a tumor growing in his pancreas.

He has listed himself as “co-inventor” on 103 separate Apple patents, everything from the user interface for the i Pod to the support system for the glass staircase used in Apple’s dazzling retail stores.

Jobs’ product introductions are semiannual events, complete with packed houses, breathless blog dispatches, and celebrity appearances—two hours of marketing performance art.

He was worth 0 million by 25, made the cover of magazine at 26, and was thrown out of the company at age 30, in 1985.

apple backdating scandal-50

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What he’s accomplished in the past decade has not just restored Jobs to the Silicon Valley pantheon but elevated him to the status of superstar.

When Jobs returned in 1997 to Apple—then facing its own near-death experience—he arrived with a tarnished legend.



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