03.03.08 - 03:56pm
Apple has reached the top on many levels, finding unparalleled success with the iPod and jumping into the cellular phone market with equal flair. Fortune Magazine is giving them their due citing Apple as the most admired company in the United States.
Fortune said “It is a tribute to its CEO that Apple, which ten years ago seemed headed for the slag heap, is No. 1 on this list. Steve Jobs has always had a knack for weaving magic out of silicon and software. But who knew he could build a $24 billion (in sales) company on the strength of a portable jukebox and a computer with a single-digit market share?”
Fortune’s reflection of Apples success was simple, “Apple products work, and if you buy more than one, they work better.”
Apple’s only downfall in the ratings came in social responsibility. The company did exceedingly well in areas of innovation, product quality and people management.
Category: apple | Tags: apple, fortune-magazine, most-admired, number-one | Be the First to Comment »
03.05.07 - 03:45pm
As reported in Fortune Magazine, Steve Jobs seems to have made a glaring error, not in the company, not even in the backdating scandal, but in his own estimation of what the little white music player he introduced six years ago was actually worth.
Fortune, at the time did an article about the stock options Steve Jobs received in 2001, just before the iPod launched and changed the world of music forever. They reported at the time on how Jobs had received a mammoth grant calculated at $872 million, the largest one-year package for a CEO in history.
Jobs wasn’t thrilled with the report and drafted a letter stating since Apple was currently in a decline the stock value was actually zero and even offered to sell the options to Fortune for half the money. (Fortune didn’t quite have the 436 million on hand to take advantage of the potentially “good deal”)
Category: Bling Bling, apple | Tags: fortune-magazine, iPod, steve_jobs, stock_options | Be the First to Comment »
