Gil Amelio

Gil Amelio

In 1985, a private party sold about 1.5 million Apple shares which caused the Apple stock to hit a 12-year low. This helped Steve Jobs in a proposal in which Apple ousted its CEO Gil Amelio and Jobs become his replacement. It was later revealed that it was Steve Jobs who sold the 1.5 million shares (valued at over $60 billion today).

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Categories: CorporationFinance

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