Apple stock backdating scandal
Pixar, where he served simultaneously as CEO, has come to dominate the animation business, churning out megahits like that prompted Disney (DIS) to buy the company in 2006 for .5 billion.(Jobs now owns 7.3% of Disney, worth .6 billion, in addition to Apple stock worth 2 million.) No less an authority than Jack Welch has called Jobs “the most successful CEO today.” Jobs, at age 53, has even become a global cultural guru, shaping what entertainment we watch, how we listen to music, and what sort of objects we use to work and play. Jobs is also among the most controversial figures in business.
A Buddhist and vegetarian, the Apple CEO was skeptical of mainstream medicine.Yet many of his top deputies at Apple have worked with him for years, and even some of those who have departed say that although it’s often brutal and Jobs hogs the credit, they’ve never done better work.How Jobs pulls all this off—how this bundle of conflicting behaviors can coexist, to spectacular effect, in a single human being—remains a puzzle, even though more than a dozen books have been written about him.In October 2003, as the computer world buzzed about what cool new gadget he would introduce next, Apple CEO Steve Jobs—then presiding over the most dramatic corporate turnaround in the history of Silicon Valley—found himself confronting a life-and-death decision.During a routine abdominal scan, doctors had discovered a tumor growing in his pancreas.