Steve Job: (Computer
Programmer, Inventor)
Steve Jobs was two University of
Wisconsin graduate students who gave him up for adoption. Smart but
directionless, Jobs experimented with different pursuits before starting Apple
Computers with Stephen Wozniak in the Jobs’ family garage. Apple's
revolutionary products, which include the iPod, iPhone and iPad, are now seen
as dictating the evolution of modern technology.
Jobs and his father would work on
electronics in the family garage. Paul would show his son how to take apart and
reconstruct electronics, a hobby which instilled confidence, and mechanical
prowess in young Jobs. While Jobs has always been an intelligent and innovative
thinker, his youth was riddled with frustrations over formal schooling. In elementary
school he was a prankster whose fourth grade teacher needed to bribe him to
study. Jobs tested so well, however, that administrators wanted to skip him
ahead to high school a proposal his parents declined. After he did enroll in
high school, Jobs spent his free time at Hewlett-Packard. It was there that he
befriended computer club guru Steve Wozniak. Wozniak was a brilliant computer
engineer, and the two developed great respect for one another.
After high school, Jobs enrolled
at Reed College in Portland, Oregon. Lacking direction, he dropped out of
college after six months and spent the next 18 months dropping in on creative
classes. Jobs later recounted how one course in calligraphy developed his love
of typography. Jobs took a position as a video game designer with Atari.
Several months later he left Atari to find spiritual enlightenment in India,
traveling the continent and experimenting with psychedelic drugs. When Jobs was
just 21, he and Wozniak started Apple Computers. The duo started in the Jobs family garage, and funded their
entrepreneurial venture after Jobs sold his Volkswagen bus and Wozniak sold his
beloved scientific calculator. Jobs and Wozniak are credited with
revolutionizing the computer industry by democratizing the technology and
making the machines smaller, cheaper, intuitive, and accessible to everyday
consumers. The two conceived a series of user-friendly personal computers that
they initially marketed for $666.66 each. Their first model, the Apple I,
earned them $774,000. Three years after the release of their second model, the
Apple II, sales increased 700 percent to $139 million dollars. Apple Computer became
a publically traded company with a market value of $1.2 billion on the very
first day of trading. Jobs looked to marketing expert John Scully of Pepsi-Cola
to help fill the role of Apple's President.
However, the next several
products from Apple suffered significant design flaws resulting in recalls and
consumer disappointment. IBM suddenly surpassed Apple sales, and Apple had to
compete with an IBM/PC dominated business world. Apple released the Macintosh,
marketing the computer as a piece of a counter culture lifestyle: romantic,
youthful, creative. But despite positive sales and performance superior to
IBM's PCs, the Macintosh was still not IBM compatible. Scully believed Jobs was
hurting Apple, and executives began to phase him out. Jobs resigned as Apple's
CEO to begin a new hardware and software company called NeXT, Inc. The
following year Jobs purchased an animation company from George Lucas, which
later became Pixar Animation Studios. Believing in Pixar's potential, Jobs
initially invested $50 million of his own money into the company. Pixar Studios
went on to produce wildly popular animation films such as Toy Story, Finding
Nemo and The Incredibles. Pixar's films have netted $4 billion. The studio
merged with Walt, making Steve Jobs Disney's largest shareholder.
Despite Pixar's success, NeXT,
Inc. floundered in its attempts to sell its specialized operating system to
mainstream America. Apple eventually bought the company for $429 million. And Jobs
returned to his post as Apple's CEO. Much like Steve Jobs instigated Apple's
success, he is credited with rebirth the company. With a new management team,
altered stock options, and a self-imposed annual salary of $1 a year, Jobs put
Apple back on track. His ingenious products such as the iMac, effective
branding campaigns, and stylish designs caught the attention of consumers once
again. Later, Jobs discovered he had a neuroendocrine tumor, a rare but
operable form of pancreatic cancer. Instead of immediately opting for surgery,
Jobs chose to alter his pescovegetarian diet while weighing Eastern treatment
options. For nine months Jobs postponed surgery, making Apple's board of
directors nervous. Executives feared that shareholders would pull their stocks
if word got out that their CEO was ill. But in the end, Job's confidentiality
took precedence over shareholder disclosure. He had a successful surgery to
remove the pancreatic tumor. True to form, in subsequent years Jobs disclosed
little about his health.
Apple introduced such
revolutionary products as the Macbook Air, iPod, and iPhone, all of which have
dictated the evolution of modern technology. Almost immediately after Apple
releases a new product, competitors scramble to produce comparable technologies.
Apple's quarterly reports were the company's most impressive statistics to
date. Stocks were worth a record-breaking $199.99 a share, and the company
boasted a staggering $1.58 billion dollar profit, an $18 billion dollar surplus
in the bank, and zero debt. iTunes became the second biggest music retailer in
America-second only to Wal-Mart. Half of Apple's current revenue comes from
iTunes and iPod sales, with 200 million iPods sold and six billion songs
downloaded. For these reasons, Apple has been rated No. 1 in America's Most
Admired Companies, and No. 1 amongst Fortune 500 companies for returns to
shareholders.
