“The mid 1990s was a tumultuous period for Apple Computer… ts struggles and falling stock price triggered two chief executive changes in as many years. First, it was CEO Michael Spindler who gave way to Gil Amelio in 1996. Then just one year later, Amelio himself was fired, and Apple co-founder Steve Jobs took the helm as interim CEO, with Apple’s stock slumping around 12-year lows, hovering around the $3-$4 range,” Robert Hum reports for CNBC..
Hum reports, “At the time, the outlook for the company was far from encouraging. In fact, shortly after Jobs assumed his duties as interim CEO, rival Michael Dell, CEO of Dell Computer, was asked at an IT conference what he would do to fix Apple Computer. Dell’s response: ‘What would I do? I’d shut it down and give the money back to the shareholders.'”
Hum reports, “How the times have changed…”
Full article here.
MacDailyNews Take: Ah, such a sweet mixture of redemption and schadenfreude.
[Thanks to MacDailyNews Reader “Investor” for the heads up.]