Posted by: TM August 27, 2011
Steve Jobs Resigns as CEO of Apple
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Steve Jobs was probably the first CEO who agreed upon $1 salary amidst self-serving Wall Street CEOs legally robbing their own company by colluding with their board members with a firm backing from some sleazy lawyers. The stock options compensation is a fairer way to incentivize the business leaders of publicly-traded companies as was true in Apple's case instead of awarding tens of millions of dollar take home pays. Neither the Gautam Buddha nor Albert Einstein had to attain advanced degrees from Harvard in order to achieve what they did. Pioneering business achievement comes not just from lifelong learning and hands-on experience but also with one-of-a-kind imagination and keen eye for economic feasibility.
From a company at the brink of collapse to one of the world's most valuable companies, Steve Jobs' leadership has been a case of truth being more incredible than fiction. Arguably, Steve's departure from the helm of Apple can truly be called End of an Era in the contemporary business world.
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