Steve Jobs

Steve Jobs
Jobs holding a white iPhone 4 at Worldwide Developers Conference 2010
Born	Steven Paul Jobs February 24, 1955 (age 55)^[1] San Francisco, California, USA^[1]
Residence	Palo Alto, California, USA^[2]
Nationality	American
Alma mater	Reed College (dropped out in 1972)
Occupation	Chairman and CEO, Apple Inc.^[3] Board of Directors, Walt Disney Company^[4]
Salary	US$1^[5]^[6]^[7]^[8]
Net worth	▲$6.1 billion (2010)^[9]
Religion	Buddhism^[10]
Spouse	Laurene Powell (1991–present)
Children	4
Signature

Steven Paul Jobs (born February 24, 1955) is an American business magnate and inventor. He is well known for being the co-founder and chief executive officer of Apple. Jobs also previously served as chief executive of Pixar Animation Studios; he became a member of the board of The Walt Disney Company in 2006, following the acquisition of Pixar by Disney.

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 thecommercial potential of the mouse-driven graphical user interface which led to the creation of theMacintosh.^[12]^[13] After losing a power struggle with the board of directors in 1985,^[14]^[15] 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 has served as its CEO since 1997.

In 1986, he acquired the computer graphics division of Lucasfilm Ltd which was spun off as Pixar Animation Studios.^[16] He remained CEO and majority shareholder until its acquisition by the Walt Disney company in 2006.^[3] Jobs is currently a member of Disney's Board of Directors.^[17]^[18]

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.^[19]

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

Early years

Steve Jobs at the WWDC 07

Jobs was born in San Francisco^[1] and was adopted by Paul and Clara Jobs (née Hagopian^[22]) of Mountain View, California, who named him Steven Paul. Paul and Clara later adopted a daughter, who they named Patti. Jobs' biological parents – Abdulfattah Jandali, a Syrian Muslim^[23] graduate student who later became a political science professor,^[24] and Joanne Simpson, an American graduate student^[23] who went on to become a speech therapist^[25] – later married, giving birth to and raising Jobs' biological sister, the novelist Mona Simpson.^[26]^[27]^[28]^[29]^[30]

Jobs attended Cupertino Junior High School and Homestead High School in Cupertino, California,^[19] 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.^[31] In 1972, Jobs graduated from high school and enrolled in Reed College in Portland, Oregon. Although he dropped out after only one semester,^[32] he continued auditing classes at Reed, such as one in calligraphy. 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."^[15]

In the autumn of 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 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.^[33]^[34] 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".^[35] He has stated that people around him who did not share his countercultural roots could not fully relate to his thinking.^[35]

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 founderNolan Bushnell, Atari had offered US$100 for each chip that was reduced 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.

Career

Beginnings of Apple Computer

NeXT Computer

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.^[47]

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 ten plus 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) andToy Story 3 (2010). Finding Nemo, The Incredibles, Ratatouille, WALL-E and Up 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,^[48] 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.^[17] Jobs's holdings in Disney far exceed those of Eisner, who holds 1.7%, and Disney family member Roy E. Disney, who held about 1% of the company's stock and whose criticisms of Eisner included the soured Pixar relationship and accelerated his ousting. Jobs joined the company's board of directors upon completion of the merger.

Wikinews has related news:Disney buys Pixar

Jobs also helps oversee Disney and Pixar's combined animation businesses with a seat on a special six-man steering committee.

Return to Apple

Jobs on stage at Macworld Conference & Expo, San Francisco, January 11, 2005.

In 1996, Apple announced that it would buy NeXT for $429 million. The deal was finalized in late 1996,^[49]bringing Jobs back to the company he co-founded. He soon became Apple's interim CEO after the directors lost confidence in and ousted then-CEO Gil Amelio in a boardroom coup. In March 1998, to concentrate Apple's efforts on returning to profitability, Jobs immediately 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."^[50] 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. Jobs quipped at the time that he would be using the title 'iCEO.' ^[51]

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",^[52] 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 World Wide 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.^[15] 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.^[53]

Business life

Wealth

As of October 2009, Jobs owned 5.426 million shares of Apple, most of which was granted in 2003 when Jobs was given 10 million shares. He also owned 138 million shares of Disney, which he received in exchange for Disney's acquisition of Pixar.^[54] Forbes estimated his net wealth at $5.1 billion in 2009, making him the 43rd wealthiest American.^[55] Jobs has been criticized for his lack of public philanthropy despite his wealth, particularly in recent years as other billionaires have pledged significant portions of their fortunes to charity.^[56] As of 2006, Jobs had not appeared on national tallies of charitable donations totaling $1 million or more, as compiled by Indiana University's Center on Philanthropy.^[57] Although he may well have donated significant sums anonymously, some have doubted this assumption, given Jobs' equally poor track record on corporate philanthropy;^[58] after resuming control of Apple in 1997, Jobs eliminated all corporate philanthropy programs as a temporary cost-cutting measure until profitability improved.^[59] Despite the company's record-breaking profits and $40 billion cash on hand,^[60] Jobs has not reinstated a philanthropic division at Apple.

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 that may never have taken place. 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,^[61] 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.^[62] 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.^[63]^[64]

Management style

Much has been made of Jobs' aggressive and demanding personality. Fortune wrote that he "is considered one of Silicon Valley's leadingegomaniacs."^[65] Commentaries on his temperamental style can be found in Mike Moritz's The Little Kingdom, one of the few authorized biographies of Jobs; Jeffrey S. Young's unauthorized Steve Jobs: The Journey Is the Reward^{[citation needed]}; The Second Coming of Steve Jobs, by Alan Deutschman; and iCon: Steve Jobs, by Jeffrey S. Young & William L. Simon.

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.^[66]

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:^[67]

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.^[68]

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.^[69] In its 2010 annual earnings report, Wiley said it had "closed a deal ... to make its titles available for the iPad."^[70]

Personal life

Jobs married Laurene Powell, on March 18, 1991. Presiding over the wedding was the Zen Buddhist monk Kobun Chino Otogowa.^[71] The couple have a son, Reed Paul Jobs,^[72] and two other children. Jobs also has a daughter, Lisa Brennan-Jobs (born 1978), from his relationship with Bay Area painter Chrisann Brennan.^[73] She briefly raised their daughter on welfare when Jobs denied paternity, claiming that he was sterile; he later acknowledged paternity.^[73]

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. Baez included a mention of Jobs in the acknowledgments of her 1987 memoir And A Voice To Sing With.^{[citation needed]}

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:^[74]

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, whereDemi 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.^[75]^[76]

In 1984, Jobs purchased a 17,000-square-foot (1,600 m²), 14 bedroom Spanish Colonial mansion, designed by George Washington Smith inWoodside, 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 August 7, 1996.^[77]

He allowed the mansion 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.^[78]

He usually wears a black long-sleeved mock turtleneck made by St. Croix, Levi's 501 blue jeans, and New Balance 991 sneakers.^[79] He is apescetarian.^[80]

His choice of car is a silver 2006 Mercedes SL 55 AMG, which has no licence plates. That is, according to Jobs, because they always got stolen.^[81]^[82]

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."^[83] 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."^[84] In 2006, Steve Jobs sent an email to all employees when Apple's market capitalization rose above Dell's. The email read:^[85]

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 concerns

In mid-2004, Jobs announced to his employees that he had been diagnosed with a cancerous tumor in his pancreas.^[86] The prognosis forpancreatic cancer is usually very grim; Jobs, however, stated that he had a rare, far less aggressive type known as islet cell neuroendocrine tumor.^[86] 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.^[87]^[88] Jobs apparently did not require nor receive chemotherapy or radiation therapy.^[86]^[89] During Jobs' absence, Timothy D. Cook, head of worldwide sales and operations at Apple, ran the company.^[86]

Jobs at the 2008 Worldwide Developers Conference.

In early August 2006, Jobs delivered the keynote for Apple's annual Worldwide Developers Conference. His "thin, almost gaunt" appearance and unusually "listless" delivery,^[90]^[91] 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.^[92] In contrast, according to an Ars Technica journal report, WWDCattendees who saw Jobs in person said he "looked fine";^[93] following the keynote, an Apple spokesperson said that "Steve's health is robust."^[94]

Two years later, similar concerns followed Jobs' 2008 WWDC keynote address;^[95] Apple officials stated Jobs was victim to a "common bug" and that he was taking antibiotics,^[96] while others surmised hiscachectic appearance was due to the Whipple procedure.^[97] 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, opined that shareholders had a right to know more, given Jobs' hands-on approach to running his company.^[98] 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."^[99]

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,^[100]^[101]^[102] intensifying rumors concerning Jobs' health.^[103] Jobs responded at Apple's September 2008 Let's Rock keynote by quoting Mark Twain: "Reports of my death are greatly exaggerated";^[104] 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.^[105]

On December 16, 2008, Apple announced that marketing vice-president Phil Schiller would deliver the company's final keynote address at theMacworld Conference and Expo 2009, again reviving questions about Jobs' health.^[106]^[107]^[108] In a statement given on January 5, 2009 onApple.com,^[109] Jobs said that he had been suffering from a "hormone imbalance" for several months.^[110] 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,^[111] with Jobs still involved with "major strategic decisions."^[111]

In April 2009, Jobs underwent a liver transplant at Methodist University Hospital Transplant Institute in Memphis, Tennessee.^[112]^[113] Jobs' prognosis was "excellent".^[113]

Honors

He was awarded the National Medal of Technology from President Ronald Reagan in 1985 with Steve Wozniak (among the first people to ever receive the honor),^[114] and a Jefferson Award for Public Service in the category "Greatest Public Service by an Individual 35 Years or Under" (aka the Samuel S. Beard Award) in 1987.^[115]

On November 27, 2007, Jobs was named the most powerful person in business by Fortune Magazine.^[116]

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.^[117]

In August 2009, Jobs was selected the most admired entrepreneur among teenagers on a survey by Junior Achievement.^[118]

On November 5, 2009, Jobs was named the CEO of the decade by Fortune Magazine.^[119]

In November 2009 Jobs was ranked #57 on Forbes: The World's Most Powerful People.^[120]

In popular culture

Jobs was prominently featured in three films about the history of the personal computing industry:

Triumph of the Nerds — a 1996 three-part documentary for PBS, about the rise of the home computer/personal computer.
Nerds 2.0.1 — a 1998 three-part documentary for PBS, (and sequel to Triumph of the Nerds) which chronicles the development of the Internet.
Pirates of Silicon Valley — a 1999 docudrama which chronicles the rise of Apple and Microsoft. He was portrayed by Noah Wyle.

Jobs has also been frequently parodied:

Mad Magazine — a feature called Calvin and Jobs, a parody of Calvin and Hobbes, starring Steve in the role of Hobbes and his attempts to explain to Calvin his job.
Jobs was also parodied in "Mypods and Boomsticks", a 2008 The Simpsons episode which features an adventure into the 'world' ofMapple, MyPods, and "Steve Mobbs".
30 Rock parodied Jobs's keynote presentation style, turtleneck and all in the episode "Cutbacks".

MoHaN.K.RaJ

Wednesday, September 29, 2010

Steve Jobs-CEO of Apple