6 Tech Founders Who Were Fired From Their Own Companies
Steve Jobs
In 1983, Jobs lured John Sculley away from Pepsi to serve as Apple's CEO. But soon the disappointing sales caused deterioration in Jobs's working relationship with Sculley, which devolved into a power struggle between the two. Sculley learned that Jobs—who believed Sculley to be "bad for Apple" and the wrong person to lead the company—had been attempting to organize a boardroom coup, and on May 24, 1985, called a board meeting to resolve the matter.
Apple's board of directors sided with Sculley and removed Jobs from his managerial duties as head of the Macintosh division. Jobs resigned from Apple five months later and founded NeXT, the same year. In 1996, Apple announced that it would buy NeXT for $427 million. The deal was finalized in late 1996, bringing Jobs back to Apple. Jobs became the chief CEO of Apple, and he remained so till his death.
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