We don't often see the words "business" and "celebrity" together, but
Steve Jobs was a business celebrity. Face it, he wasn't just any
celebrity, either -- he achieved rock-star status, but his hands
clutched an iPhone instead of a Gibson. Think about it, we didn't just
follow Apple Inc.'s products or its stock price, we watched the CEO
himself, and we gossiped. Following his death on Oct. 5, 2011, we saw
countless tributes and memorials from Web sites, celebrities, tech
pundits and even the president of the United States. Why did we like to
gossip about Jobs? It's enticing to study people who are full of good
ideas -- even more so, people who have built empires, as we try to
uncover exactly how they did it.
Beyond that, Jobs was an
interesting character. He was a college dropout who won the National
Medal of Technology, who had a reputation as a difficult person and a
demanding boss, and who slammed competitors' products and ran a cultish
marketing show for his own.
One New York Times columnist had an
interesting sociological explanation for why we've always taken a
personal interest in Jobs [source: Carr].
Jobs knew us so well -- from our early need for personal computers to
the way our fingers like to dial songs on our iPods -- that we want to
know him back.
Jobs kept details about his life private, and his
company protected his privacy, which enticed us even more. Our
fascination fed a rumor mill that often got stuff wrong. Here are five
popular myths that surround Jobs.
5: The Apple Corporation Paid Jobs Only $1 for Running the Company
From 1997 until he stepped down as CEO of Apple in 2011, Jobs made a yearly salary of only $1 [source: Rogers]. In fact, during several of those years, Jobs' entire compensation was $1. As one quick-witted CNET reader pointed out in response to Ina Fried's article, "Apple Again Pays Jobs $1 Salary," his earnings couldn't buy him a song plus tax on iTunes [source: Fried]. So right now, you're wondering, "So why's this on the myth list?" Well, it's only part of the story.Instead of high salaries, Apple prefers to pay executives in performance awards and slow-vesting stock. This policy encourage executives to stay long-term. Other companies have similar practices. John Mackey, the CEO of Whole Foods Market and Eric Schmidt, now former CEO of Google, both made base salaries of $1 in 2008 [sources: NYT: Mackey, NYT: Schmidt]. Obviously, Jobs made a lot more than $1 each year. For selling a record number of computers in 2000, Apple thanked Jobs with an $88 million private jet [sources: Fisher, Elkind]. As of April 2011, he owned more than 5.6 million shares of Apple stock [source: Reuters]. By Forbes's 2010 list, Jobs was the 136st richest person in the world, worth $5.5 billion [source: Forbes].
4: Jobs' Car Displayed a Barcode Instead of Plates for the Sake of Safety and Privacy
Regarding the missing plates, Jobs once said that it was a sort of game to him [sources: Elkind and Schlender]. With whom -- police? People who would like to follow his car? License-plate thieves? People who'd like the space he just took? Who won?
2: Steve Jobs Swore to Never Return to Japan
It's a great story: In 2010, Steve Jobs vacationed in Kyoto, Japan.
At the conclusion of his trip, he headed to the airport to hop on his
private jet and return home. But while going through airport security,
airport personnel informed him that he wouldn't be allowed on his own
plane. Why would they say this? Because Steve Jobs had purchased some
ninja throwing stars while on vacation and he had them on his person
(any self-respecting ninja would do the same).
The story
continues. Steve Jobs, incensed that the airport security team wouldn't
let him bring his souvenirs aboard his own private plane, declared that
he will never visit Japan again. The story has all the earmarks of a
great myth. You have the iconoclastic CEO -- who already dressed like a
casual Friday ninja -- used to getting his own way. You have security
personnel following the letter of the law in their procedures. You have
the infamous Jobs temper invoked. Sadly, the story appears to be false.
An
Apple official contacted John Paczkowski of All Things D to clear up
the matter. According to the representative, Jobs did visit Japan but
that's where the similarities between the story told above and reality
part ways. The representative said that Jobs enjoyed his visit and that
he had hoped to return to Japan soon [source: Paczkowski]. There's no word if the official then disappeared in a puff of smoke.
1: Steve Jobs Bullied Employees for no Reason
Apple Senior Vice President of
Industrial Design
Jonathan
Ive, seen here at the
2007 National Design Awards
Gala, is one
of the
many employees who helped
Apple succeed under Steve
Jobs
leadership.
Duffy-Marie Arnoult/
WireImage/Getty Images
|
The truth is more complex. Steve Jobs was a perfectionist and could focus on the smallest detail. To an engineer, the detail might seem insignificant. But to Jobs, if that detail didn't meet his approval it was a showstopper. He wasn't shy about expressing his opinion and could even end a project meeting early if something struck him as being wrong.
Jobs would heap praise on employees who got results. But the same employee who might be applauded one day could get chewed out the next day. Apple employees who worked with Jobs have said that they did some of their best work for him but that the experience was grueling [source: Deutschman].
Jobs could be abrasive. Sometimes, he used an aggressive approach to test employees. Those who could defend their work or point of view he would listen to. Those who couldn't, he would dismiss -- sometimes literally. He may even have used sharp criticism to encourage employees to work harder, knowing that he was feeding on their own insecurities. It got results but it probably wasn't the most pleasant work environment.
Jobs's approach might go against every manual on leadership that's in print but in the end Apple produced some of the most successful electronics for the consumer market ever to hit store shelves. And despite his reputation for being harsh and demanding, Jobs earned the devotion and admiration of many of his employees. Like other visionaries before him, the reality of Steve Jobs might just be larger than the myth.
For more about Steve Jobs, Apple and related topics, take a look at the next page.
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