3 of 10
BACKNEXT
John Sculley's palace coup
John Sculley's palace coup
Jobs with John Sculley
April 11, 1985
Jobs knew that Apple needed adult supervision, and in 1983 he recruited John Sculley (the PepsiCo marketing wunderkind who created the Pepsi Challenge) with the famous line: "Do you want to spend the rest of your life selling sugared water or do you want a chance to change the world?"

Each man thought he could learn a lot from the other, but with Mac sales languishing and Jobs growing increasingly disruptive, their relationship soon soured. Matters came to a head at a board meeting that lasted nearly 24 hours in which each tried to oust the other. In the end, the board sided with Sculley. Jobs was stripped of all operational responsibility and banished to an outbuilding he called Siberia. Five months later he tendered his resignation.

NEXT: The NeXT years
Last updated November 05 2009: 7:49 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Why Steve Jobs? He revived Apple and remade entire industries, defying the worst economic conditions since the Great Depression -- and his own serious health problems. More
Timeline: Steve Jobs' greatest hits See his early struggles and recent victories, and how investing in Apple stock has paid off. More
Celebrities' favorite iPhone apps Stars from Rachael Ray to Neil Patrick Harris reveal the apps they love to use. More
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.