Former Apple CEO Sculley: ‘When I left Apple it had $2bn of cash’, it now has $82bn

Former Apple CEO Sculley: ‘When I left Apple it had $2bn of cash’, it now has $82bn

In an interview with the BBC during CES, former Apple CEO John Sculley discussed his relationship with Steve Jobs, as well as the perception that he was ousted from Apple due to poor performance.

Sculley was asked about his ousting, but wanted to set the record straight as to the company’s health at the time of his removal by Apple’s board in 1993:

When I left Apple it had $2bn of cash.

It was the most profitable computer company in the world – not just personal computers – and Apple was the number one selling computer. So the myth that I fired Steve wasn’t true and the myth that I destroyed Apple, that wasn’t true either.

A lot of things happened after I left before Steve came back.

The $2bn in cash that Apple had at the time is a far cry from Apple’s war chest in 2012. In fact, 19 years after that point Apple has $80bn more. Jobs returned to apple in 1997.

While Sculley told the BBC that he hasn’t read the Steve Jobs biography penned by Walter Isaacson, he has talked to many people who have, and doesn’t seem to think he was treated unfairly in it.

What’s John Sculley up to now? He’s an active investor and advisor in healthcare related startups.

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