Thank You sahamvalas, a very inspirational story. Really love this one :) On Sun, Oct 16, 2011 at 9:43 PM, sahamvalas . <[email protected]> wrote:
> ** > > > Steve Jobs co-founded Apple at the age of 21 in 1976. > > Within four years, the company was listed on the stock exchange and Steve > was worth $217 million at the age of 25. > > As Apple continued its phenomenal growth, it was decided that professional > management had to be hired to run the huge organization. > > > So in 1983, Steve hired John Scully to be the CEO. > > However, within two years, the CEO and directors at Apple could not get > along with Steve Jobs > > (he was known to be an erratic and emotional manager) and stripped him of > all his duties, > > forcing him to resign from the very company he founded in failure and > disgrace. > > To make things worse, Apple sued Steve for neglecting his duties. > > While those in the business world wrote him off, Steve when possessed the > *millionaire mindset*, took it as a huge learning experience and took the > proactive action of starting a new and better company called NeXT computers. > > > He believed that he could develop a range of hardware and software that > would be even better than that at Apple. > > Did he succeed? Undaunted, he again took the feedback and went on to found > Pixar Animation Studios, which became a huge success in creating the first > breakthrough fully digitally animated movie ‘Toy Story’. > > In the meantime, Apple Computer was on the verge of bankruptcy in 1995 > after suffering from internal mismanagement and lack of new product > innovation. > > The company was making losses of $800 million to $1 billion a year and its > share price dropped from a high of $18 to $3.80. Believing that he could > save Apple, Steve Jobs agreed to return as CEO for a nominal pay of $1 (he > was doing it purely for the passion… millionaire habit 5). > > When Steve took over, he fired all the unproductive executives and > spearheaded the launch of revolutionary products like the iMac, iPod and > iTunes. > > The revolutionary operating system (OS) he developed at NeXT was then > evolved into the highly popular Mac OS X. As a result of these successful > products, Apple turned its $1 billion loss into $1.3 billion in profits by > 2005. Its share price rose from $3.80 to a high of $75! Looking back, Steve > realized that if he never got fired from Apple, he would never have founded > NeXT and Pixar Animation. If not for Pixar, he would not have become a > pioneer in digital animation and if not for NeXT software he developed, > Apple would never have the Mac OS X operating system that has made Apple a > huge success today. > > It is for this reason that many millionaires believe that ‘*everything > happens for a reason*’ and that ‘*adversity is often opportunity in > disguise*’ provided you learn from your experience and continue to take > consistent action! > >
