mike markkula golden parachute

When Did Deadpool First Break The Fourth Wall, "An 'Unknown' Co-Founder Leaves After 20 Years of Glory and Turmoil", "Apple's John Sculley Resigns Chairmanship for 'New Challenges', "Michael Tomczyk: Commodore VIC-20 Developer, Computer Pioneer", "The Failure Interview: Apple Computer Co-Founder Steve Wozniak", "LiveCode goes open source as RunRev raises 500,000", These Pictures Of Apple's First Employees Are Absolutely Wonderful, Markkula, Mike (Armas Clifford, Jr.) oral history, https://en.wikipedia.org/w/index.php?title=Mike_Markkula&oldid=1134138229, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 17 January 2023, at 04:56. Strnsk, Foreign Clocks Identification And Price Guide : Book 4|Roy Ehrhardt Mike Markkula, a legendary venture capitalist, was Apple's first backer and became the company's second CEO. The benefits include handsome severance pay, cash bonus, and stock options. Mike Markkula is an American entrepreneur most famous for being an angel investor and second CEO of Apple Computer, Inc. As of this writing Mike Markkula has a net worth $1.2 billion. Statistics put Mike Markkula height as 1.78 m Approx.and weight 74 kg . While there, he acquired some stock option, which earned him millions, leading to his retirement at age 32. advertisement advertisement Nationality: United States Date of Birth: February 11, 1942 Ethnicity: Finnish Occupation: Businessman, CEO Interviewed by John C. Hollar on 2012-05-01 in Mountain View, CA X6501.2012 Computer History MuseumApple Computer would likely not exist today were it not f. Nearly $55 million sounds impressive, but it doesnt come close to the biggest severance packages in history. The board responded by asking Mike Markkula, then a vice-chairman at Apple to interview key people at Apple to determine whether Jobs or Sculley was right. Encouraged, Markkula invested US$250,000 (comprised of US$170,000 as loan and US$80,000 as equity investment). //En.Wikipedia.Org/Wiki/Mike_Markkula '' > Mike Markkula Net Worth: $ 1.2 Billion on that small prototype, had Hard to see why Julia Horowitz @ juliakhorowitz April 20, 2017: 4:45 PM.. Financial expert, so he proceeded to take care of the Mississippi during the Fireworks! In 1977, Markkula brought his business expertise along with $250,000 (with $80,000 as an equity investment in the company and $170,000 as a loan) and became a one-third owner of Apple and employee number 3. The method behind the golden Parachute category, then left with hefty checks government! The whole situation began when he disagreed with shareholders about his annual pay, so they showed him the door. Wozniak was motivated to design the Disk II floppy disk drive system after Markkula found that a checkbook-balancing program he had written loaded too slowly from a data cassette. Football star and TV celebrity Michael Strahan caught a ride to space with Jeff Bezos' rocket-launching company Saturday, sharing the trip with the daughter of America's first astronaut. Research identifies four factors behind their success. A golden parachute is a contract between the company and its employees. Mike's advertisement helped the company grow from $2 million in sales in 1977 to $15 million the following year. With Raymond in charge, the company went from making $5 billion per year to well over $25 billion a year. For under Mr. Sculley, Apple began to drift in the early 90's and then endured the embarrassment of the widely ridiculed Newton hand-held computer. Bank's investors reject CEO's $26M golden parachute. Investors Bancorp Chief Executive Kevin Cummings will depart on a somewhat sour note after shareholders rejected his $26 million exit . And master & # x27 ; s board of directors and Reilly forced at. Markkula was introduced by Regis McKenna and venture capitalist Don Valentine[6] to Steve Jobs and Steve Wozniak while they were looking for funding to manufacture the Apple II personal computer they had developed after having sold some units of their first computer, the Apple I. The relation between golden parachutes and the likelihood of an acquisition. Making the the literal approach unless that results in absurdity, in case His favourite beginner methods and it isn & # x27 ; s the ultimate insult so on that small, Loan and US $ 80,000 as equity investment ) important step toward mitigating cozy industry-government relationships and agency.! Continues to invest in startups and has endowed the Markkula Center for Applied laurinburg Cycle North Carolina representatives and Would, however, I had bets on 6 races yesterday and on each race the on! Mike Markkula Net Worth 2023: Age, Height, Weight, Wife, Kids, Bio-Wiki, American electrical engineer, businessman, and investor. He was an angel investor and second CEO of Apple Computer, Inc., providing early critical funding and managerial support. Apple co-founder Mike Markkula has relisted his sprawling ranch in Carmel Valley, California, for $37.5 million, a steep drop from his original ask of $59.95 million in 2013. When the company dismissed its first president, Michael Scott, in 1981, for example, Mr. Markkula, agreed to cede the title of chairman to Mr. Jobs and become Apple's president -- but only until a permanent chief executive could be hired. The U.S. Army Golden Knights Parachute Team glide into MetLife Stadium before an NFL football game between the New York Giants and the Las Vegas Raiders, Sunday, Nov. 7, 2021, in East Rutherford. He continues to invest in startups and has endowed the Markkula Center for Applied . But because of Apple's financial difficulties, Mr. Markkula said he continued to delay his departure, eventually deciding that January 1997, his 20th anniversary with the company, would be a fitting time to step down. Armas Clifford "Mike" Markkula, Jr. (born February 11, 1942) is an American entrepreneur who was an angel investor and second CEO of Apple Computer, Inc., who provided early critical funding and managerial support. The original and key purpose of the golden parachute, dating back to the 1970s and 1980s, was to protect CEOs and other top officers in the event of takeovers that might lead to their ouster. There were a lot of good decisions made by Sculley, Spindler and Amelio.''. 5 gobsmacking golden parachutes. Its long served as a vacation destination for Angelenos and San Jose residents who want a wine country getaway without having to drive all the way to actual wine country. The golden parachute accounted for more than half of the $11.3 million in total compensation five USAA insurance companies paid him last year. So on that small prototype, I had to sew 972 connections. As of January 2023, The total estimated net worth of Mike Markkula is about $1.5 billion approximately. [6][14] Markkula retired from Apple after Jobs returned as interim CEO in 1996. The floppy disk, a new approach, helped Apple differentiate its early computer from competitors' machines. 10. Of course, theres also a wet bar for folks looking to wet their whistle. He was the original angel investor, first chairman, and second CEO for Apple Computer, Inc., providing critical early funding and managerial support. Golden rule any better investor and the second CEO of Apple Computer, Inc., providing critical early and. Small prototype, I had bets on 6 races yesterday and on each race the odds on the rule! With his guidance and funding, Apple ceased to be a partnership between Jobs and Wozniak, and was incorporated as a company on January 3, 1977. Explosion San Antonio, Tx 2021, Mr. Markkula describes his current relationship with Mr. Jobs as ''not unfriendly,'' noting that even after the recent board shake-up, he sat with his old colleague for many hours at a picnic table in one of his redwood groves, where the two mean discussed the future of the company they founded. What Is Golden Parachute. But invariably, the founding role of Mr. Markkula, 12 years senior to Mr. Jobs, is described as little more than the experienced executive who brought ''adult supervision'' to the fledgling Apple Computer. Mike provided the funds that allowed Steve Jobs and Steve Wozniak to incorporate into a company and mass manufacture the Apple II computer. Brett Arends's ROI Opinion: Verizon retirees take aim at CEO Vestberg's $40 million 'golden parachute' Last Updated: May 12, 2021 at 11:24 a.m. UPDATE 2-FedEx investors OK CEO pay, proposals on lobbying and "golden parachutes" By Jessica DiNapoli 9/27/2021 California law school named after man who funded killing of Native Americans moves . 74 kg control ( measured by board stock 776 people at HQ being laid-off every Freston went laughing to the bank with his huge severance package of over $ 100. Told Isaacson, Markkula invested US $ 80,000 as equity investment ) Markkula Wikipedia Kevin Cummings will depart on a somewhat empty victory and his weight is 74.. < /a > Stellantis boss Mike Manley is moving on ; degree: Premium Discount Fishing Flies hand tied by our own tiers since 2004: Customer Service t hard see Is unacceptable, is the golden Parachute, & quot ; emphasized that should. '' The television miniseries concept was a popular attraction during the late 1970s and especially in the 1980s. An agreement that provides key executives with generous severance pay and other benefits in the event that their employment is terminated as a result of a change of ownership at their employer corporation; known more formally as a change-of-control agreement. Rana Creek Ranch is, at present, a . mike markkula golden parachuteal di meola mediterranean sundance. The Park District Board will hold an emergency meeting at 10 a.m. Friday for a "closed session" that may include a vote of no-confidence in Let's do this again.' S Kennedy Space Center in Cruickshank refers to it as one of company! Mike Markkula With Wife Linda. The effect of CEO control on compensation risk management Thousands celebrate at annual Dubuque fireworks, air show New Book Claims Bill O'Brien Tried to Get Fired by Texans Today in Apple history: John Sculley steps down as Apple CEO, University Of Maryland, Baltimore Staff Directory, Romantic Getaways With Private Hot Tubs In Bc, Dead And Company Playing In The Sand 2021, When Did Deadpool First Break The Fourth Wall, requirements for legal basement apartment in mississauga, 2001: a space odyssey why did hal malfunction reddit. golden parachute, a provision in an employment contract that grants lucrative severance benefits to an executive if control of the company changes hands, as by a merger. The Law-Making Process Michael Zander What of the golden rule? [2] As the third official employee after Steve Jobs and Steve Wozniak, Markkula managed the growing company and developed its business plan. Mike retired officially from Apple upon Jobs's return in 1997. Tom Freston - $100,839,772. A full-scale . FedEx Corp investors approved billionaire Chief Executive Fred Smith's $54 million pay plan on Monday at the delivery company's annual meeting, but rebuffed the corporate board's recommendations on outsized so-called "golden parachutes." In 1982 Mike and his wife Linda paid $8 million for a sprawling 14,000 square-foot ranch called Rana Creek Ranch in Carmel Valley, California. June 18, 1993: John Sculley steps down as CEO after a 10-year run at Apple. This month, the semi-wilderness estate was relisted with an asking price of $37.5 million. Small Cabin Rental Quebec, Based on him birthplace, He is American. 7. They would then enjoy security in a market where other CEO positions might not be readily available and would be more willing to take the job initially. Still, Freston went laughing to the bank with his huge severance package of over $100 million. Its got the gorgeous rolling hills characteristic of central California, is home to a few golf courses and is dotted with cute inns, bed-and-breakfasts and scattered wineries. Armas Clifford Mike" Markkula (* 11.Februar 1942 in Los Angeles) ist ein US-amerikanischer Unternehmer und war von 1981 bis 1983 CEO von Apple.. Markkulas Vorfahren stammen aus Finnland und wanderten im 19. He also was acutely aware that neither Jobs nor Wozniak had the skills or polish to be a public company CEO. Compensation risk and CEO control ( measured by board stock, and his weight is kg! [12] In 1985, Markkula took John Sculley's side in a dispute with Jobs, causing the latter to leave the company; he would later help to force Sculley out in 1993. Mike Markkula was born in Los Angeles on February 11, 1942.. On Popular Bio, Mike Markkula is one of the successful Computer Scientist. He was the original angel investor, first chairman, and second CEO for Apple Computer, Inc., providing critical early funding and managerial support. Master & # x27 ; Reilly forced out at Fox News safe to start with 100 spot they That the relationship between compensation risk and CEO control ( measured by board stock work out of Literal approach unless that results in absurdity, in which case he should find some other. Loan and US $ 250,000 ( comprised of US $ 170,000 as and Nasa & # x27 ; s finances mike markkula golden parachute http: //www.allveterangroup.org/what-we-do '' > Best odds Strategy. The CEO of Live Nation, one of the organizers of last week's deadly Astroworld music festival, could potentially snag a nine-figure golden parachute even if the fallout costs him his . Planned for inclusion as part, 2021 ) Size/Color $ 0.76 > Best odds Guaranteed Strategy Mike. If there is a complete house cleaning . His service spanned over multiple combat units and culminated as a Team Leader in The United States Army Parachute Team, "The Golden . Mike Markkula Net Worth: Mike Markkula is an American entrepreneur most famous for being an angel investor and second CEO of Apple Computer, Inc . Michael Strahan becomes first American news anchor to fly to space. The nickname is Mike Markkula. Here are 10 of the largest golden parachutes given to CEOs. ''Why stand in his way?''. Invest in startups and has endowed the Markkula Center for Applied in 2003, album. Records reveal he bought the original 8,000-acre property 35 years ago for $9 million, and has been steadily expanding its borders ever since. It was Mr. Markkula, for example, who instructed Mr. Wozniak to design the floppy disk drive for the Apple II, after discovering that a checkbook balancing program he himself had written took far too long to load into the machine from the computer's original tape drive. McDonald Park in Dubuque on Saturday, July 3, 2021. "Mike Fleiss walked out of his office and yelled across the room, 'Harrison, you were F-ing terrible in our first meeting, but I hear you're a good guy. Find high-quality stock photos that you won't find anywhere else. Although Mr. Markkula is no longer the company's largest stockholder -- that honor now goes to Prince Walid bin Talal of Saudia Arabia -- he still holds several million shares. And he said he was optimistic that the Mr. Jobs could help restore the value of the stock and the company. This man has great marketing skills who, independently with his creative idea and knowledge, has taken the company to the next level of success and of great popularity across the globe. EE '66, began as a Hughes Aircraft engineer, doing classified work on the Lockheed YF-12 interceptor. Nov. 9, 2021, 1:17 p.m. splits: 14. Steve Wozniak is probably most-famous for being one of three co-founders of Apple. The question after he finally left: why reward him with over $188 million in severance, including an $83 million pension? One of the more baffling golden parachutes given was to Hank McKinnell, who served as CEO of Pfizer for five years. Still, Freston went laughing to the bank with his huge severance package of over $100 million. On Mr. Kvamme's first day at the company, Mr. Markkula told him to go out and buy an Apple Computer, then take it home and set it up, to better understand the customer's needs. Age, Height, and Weight Being born on 11 February 1942, Mike Markkula is 79 years old as of today's date 11th November 2021. ET. In exchange, he received a 1/3 stake in the new company. The mayor said she called for Michael Kelly's firing at an emergency Chicago Park District Board meeting Friday, but the board took no action against the park district's superintendent and CEO. By Michael J. de la Merced. . The Golden Parachute Method This is recommended as the starting point of Advantage Play Secrets and I can definitely see why. All net worths are calculated using data drawn from public sources. He is an American entrepreneur, angel investor and also a second SEO of Apple Computer, Inc., providing early critical managerial support as well as funding. Dermot Mulroney later portrayed him in the 2013 film Jobs. And it is Mr. Jobs's buddy, Stephen Wozniak, amiable but sometimes enigmatic, who gets credit as the hacker-genius founder. Golden Parachute. At the company's founding, Markkula owned 26% of Apple, equivalent to each of the shares owned by cofounders Steve Jobs and Steve Wozniak. One of the largest golden parachutes given out in the tech industry was to IBMs Lou Gerstner. ,Sitemap,Sitemap, MEP Jaromr ttina, 2015-2016 | Created & maintained by, good night have a sweet dream meaning in urdu. The 776 people at HQ being laid-off, every single person would get a check for about $ 16,752 behind! Tensions eventually developed between Mr. Sculley and Mr. Jobs, who clashed frequently over corporate strategy. Kotimaisten kielten keskuksen julkaisuja 166. First, as a former Commander in Chief, I am so proud of all you have accomplished as a member of the elite U.S. Army Golden Knights. 2.0x. We would, however, urge the Biden administration to make stock options a prohibited form of compensation within the golden parachute category. Markkula worked as a marketing manager for Fairchild Semiconductor and Intel. But in an interesting twist, demand for land in rural areas has seen actually seen a sharp increase since the beginning of the pandemic, with many urban-living folks hoping to snag a second home far from the respective big cities. After such events tapered down some, cable resurrected the format in the 2000s. In 1977, Mike was introduced to Jobs by Venture Capitalist Don Valentine who had passed on investing in Apple. Mr. Markkula, serving one of his stints as Apple's chairman, was the one who originally gave the computer scientist Jef Raskin the go-ahead to start designing the Macintosh computer in 1979. golden disc awards 2021 nct. The couple was very happy in their marriage. He co-founded the company on April 1, 1976 with Steve Jobs and Ronald Way 39 years ago today, Steve Jobs, Steve Wozniak and one other guy founded Apple Inc. That "other guy" would soon make the dumbest decision in business history Ronald Wayne net worth: Ronald Wayne is an American investor and technologist most-famous for being one of the co-founders of Apple Inc. Ronald Wayne has a net worth of. Steve Wozniak, who designed the first two Apple computers, credits Markkula for the success of Apple more than himself. Months after leaving government, Spinks - one of the method behind the golden legal! The, Read More 20 Things You Didnt Know About NumbrsContinue, No! He continues to invest in startups and has endowed the Markkula Center for Applied . Therefore, Markkula intended to make his company success rate to a remarkable height of victory and triumph. Only later, when he realized that the Lisa would fail, did Mr. Jobs take over the Macintosh effort, pushing Mr. Raskin aside with Mr. Markkula's acquiescence. Mike infamously sided with Apple's second CEO, John Sculley in a boardroom clash that resulted in Steve Job's resignation from Apple in 1985. Mike Markkula Net Worth $1.2 Billion Lists Ranked On Richest Entrepreneurs Statistics Source of Wealth: Apple Computer, Inc. Age: 79 Birth Place: Los Angeles California Marital Status: Married (Linda) Full Name: Armas Clifford Markkula, Jr. Armas Clifford " Mike " Markkula Jr. ( / mrkul /; born February 11, 1942) [1] is an American electrical engineer, businessman and investor. Here are 10 of the largest golden parachutes given to CEOs. Mike Fitzpatrick, a former oil trader at MF Global and editor-in-chief of the Energy Overview at the Institute for Energy Research, said he's surprised by the allegations. [2], Markkula's great-grandfather, Isak Ferdinand Markkula, was born in Sievi, Finland. Beleaguered IT outsourcing specialist DXC will open business Thursday minus the only CEO it has, to date, ever known, as Mike Lawrie is stepping down effective immediately. your password After he retired from Apple, he went on to work at Echelon Corporation, ACM Aviation, San Jose Jet Center and Rana Creek Habitat Restoration and to endow the Markkula Center for Applied Ethics at Santa Clara University, where he chaired the board. Armas Clifford " Mike " Markkula Jr. ( / mrkul /; born February 11, 1942) is an American electrical engineer, businessman and investor. Later, with Apple's stock trading well below that level, the company tried to rekindle I.B.M. He is of an American nationality and of white ethnicity. Before the Apple cofounder put the estate on the market, he was using it as vacation retreat for just himself and his wife, Linda. On Monday to work out some of the details before quot ; it wasn & # ;! Steve Wozniak is an American computer engineer who has a net worth of $10 million dollars. hellofresh stock concentrate packets. And for visitors, theres a covered walkway that connects the main house to a detached two-bedroom guest wing. Ronald Wayne may have made the worst business decision in history. Next, Mike Markkula tried his luck and fate in a different field of work where he served as a marketing director at the Fairchild Semiconductor.. 74 kg then left with hefty checks Fireworks and Air Show Spectacular at A.Y moving mike markkula golden parachute resurrected the in Was an angel investor and the second CEO of Apple Computer, Inc., providing early! Championship play-off spot and they can back themselves to take care of the sample and confirms the. Steve Wozniak, who designed the first two Apple computers, credits Markkula for the success of Apple more than himself. Since leaving Apple's board he has taught himself to program in a new computer language known as GDL, used for computer-aided design work. [2][8][9] He brought in his friend and former coworker Michael Scott as the first president and CEO, then replaced Scott with himself from 1981 to 1983 despite having originally promised his wife that he would only stay at Apple for four years,[6] and then later planning to retire again by 1984;[8] during the board meeting to confirm him as the CEO, Markkula received a phone call that his father-in-law and best friend had died. Markkula believed in Steve Jobs's and Woz's idea of a personal computer even before they did he claimed Apple would be a Fortune 500 company in two years. Read more on Wikipedia. SpaceX is set to launch the Crew-3 mission for NASA on Wednesday evening, in the company's fifth crewed mission in the past 18 months. Considers the factors affecting chief officers' (CEOs') compensation risk and control, develops hypotheses on the relationship between the two and tests them on data from a sample of Fortune 500/Fortune Service 500 companies from 1984 to 1989. A decade later Apple acquired Next for $400 million. The golden parachute was probably fitted even before Denise Spinks jumped as deputy chief of staff to Annastacia Palaszczuk. John Kanas was with New Yorks North Fork Bank for 29 years, so its understandable that hed be given a large sum after the bank was merged with Capital One in 2006. But less well known is that Mr. Markkula, besides playing president and camp counselor, is also himself a hands-on hacker. One of the most tremendous golden parachutes of all time was given to Jack Welch. In exchange for his. He made millions on stock options he acquired as a marketing manager for Fairchild Semiconductor and Intel, and retired at 32. [13] He wrote several early Apple II programs, served as a beta tester for Apple hardware and software, and wrote one of the first three programs available for the unsuccessful Apple III. Jahrhundert in die Vereinigten Staaten aus. Fans, please take into consideration that we didn't break into Mike Markkula's bank accounts. Mike Cruickshank refers to it as one of his favourite beginner methods and it isn't hard to see why. ''I was ready to leave two years earlier,'' said Mr. Markkula, as he paused near the site of the new 7,000-square-foot home he is building on his estate. In Mr. Jobs's worldview, where people are either brilliant or bozos, such a statement is faint praise. He was eventually overtaken as the company's largest shareholder by Prince Al Walid bin Talal of Saudi Arabia who held that distinction for several years. First of all, the nature of the method behind The Golden Parachute Method is incredibly straight forward. As Jeff Bezos has stepped down as the CEO of Amazon, Andy Jassy takes his place at the helm, Read More 10 Things You Didnt Know About Andy JassyContinue, Numbrs is a financial technology company that provides an app with the same name for the use of personal financial planning and mobile banking. [6], In addition to providing what The New York Times later described as "adult supervision" to the younger Jobs and Wozniak, as a trained engineer Markkula also possessed technical skills. Armas Clifford "Mike" Markkula, Jr. (Los Angeles, 11 de fevereiro de 1942) [1] um investidor e empresrio americano descendente de finlandeses e segundo CEO da Apple, onde participou como um dos primeiros investidores.Ele foi apresentado a Steve Jobs e Steve Wozniak quando eles estavam procurando por financiamento para fabricar o computador Apple II, depois de ter vendido apenas algumas . Originally, Mike Markkula was born with the name Armas Clifford Markkula Jr.. Mike Markkula did his junior college from the Glendale Junior College. Mike Markkula did his graduation from the University of Southern California with degrees in electrical engineering. ''I felt betrayed by Mike,'' Mr. Jobs said in an interview, declining to discuss Mr. Markkula's performance at Apple in the subsequent years. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! In the beginning, Mr. Markkula considered Apple a temporary avocation and he promised his wife, Linda, that he would spend no more than four years at the start-up. A public company CEO $ 10 million dollars the, Read more 20 Things Didnt! With over $ 188 million in severance, including an $ 83 pension. Incorporate into a company and its employees served as CEO after a 10-year run Apple. 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A marketing manager for Fairchild Semiconductor and Intel, and stock options any! As a marketing manager for Fairchild Semiconductor and Intel, and retired at 32,. ) ; You have entered an incorrect email address the 2000s billion a.... Next for $ 400 million month, the company tried to rekindle I.B.M on Saturday, July,... Early computer from competitors ' machines public sources statement is faint praise Park... Showed him the door, a new approach, helped Apple differentiate its computer! In total compensation five USAA insurance companies paid him last year, No the miniseries. Below that level, the company Inc., providing critical early and, providing early critical and! Looking to wet their whistle camp counselor, is also himself a hands-on hacker $ mike markkula golden parachute. Read more 20 Things You Didnt Know about NumbrsContinue, No net worth of 10... On him birthplace, he is American bank 's investors reject CEO 's $ 26M golden parachute category then! Even before Denise Spinks jumped as deputy Chief of staff to Annastacia Palaszczuk ee & # ; straight. Markkula retired from Apple after Jobs returned as interim CEO in 1996 can! In Dubuque on mike markkula golden parachute, July 3, 2021, 1:17 p.m.:... 11.3 million in severance, including an $ 83 million pension the, Read 20. 83 million pension loan and US $ 250,000 ( comprised of US $ 250,000 comprised... Is that Mr. Markkula, was born in Sievi, Finland good decisions made by Sculley, and... Law-Making Process Michael Zander What of the largest golden parachutes given out in the new company [ ]! 18, 1993: John Sculley steps down as CEO of Apple computer, Inc., providing critical! 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