Читать книгу Reading Financial Reports For Dummies - Lita Epstein - Страница 53

GOING PUBLIC, LOSING JOBS

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Public company founders who don't keep their investors happy can find themselves out on the street and no longer involved in the company they started. Steve Jobs and Steve Wozniak, who started Apple Computer, found out the hard way that selling stock on the public market can ultimately take the company away from the founders.

Jobs and Wozniak became multimillionaires after Apple Computer went public, but shareholders ousted them from their leadership roles in a management shake-up in 1984. Wozniak decided to leave Apple soon after the shake-up. Apple's new CEO announced that he couldn't find a role for Jobs in the company's operations in 1985.

Interestingly, Jobs ended up as the head of Apple again in 1998, when the shareholders turned to him to rescue the company from failure. He engineered a comeback for Apple before his death in 2011.

Reading Financial Reports For Dummies

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