|5th CEO of Apple Inc.|
February 2, 1996 – September 16, 1997
|Preceded by||Michael Spindler|
|Succeeded by||Steve Jobs|
|Born||Gilbert Frank Amelio
March 1, 1943
New York City, New York, United States
|Occupation||Computer science, Businessman|
Gilbert Frank "Gil" Amelio (born March 1, 1943) is an American technology executive. Amelio worked at Bell Labs, Fairchild Semiconductor, and the semiconductor division of Rockwell International but is best remembered as a CEO of National Semiconductor and Apple Inc.
Early life and career
He grew up in Miami, Florida, of Italian born parents, and graduated from Miami High School. He received a bachelor's degree, master's degree, and Ph.D. in physics from the Georgia Institute of Technology. While at Georgia Tech, Amelio was a member of the Pi Kappa Alpha Fraternity.
Amelio joined Bell Labs as a researcher in 1968. In 1970, Amelio was on the team that demonstrated the first working charge-coupled device (CCD). He moved to Fairchild Semiconductor in 1971, where he led the development of the first commercial CCD image sensors in the early 1970s, and in 1977 became head of the MOS division. He worked his way up to president of the semiconductor division of Rockwell International, and then its communications systems division.
In 1994 Amelio joined the board of directors of Apple. After his resignation from National Semiconductor, Amelio became Apple CEO on February 2, 1996, succeeding Michael Spindler. His salary was a reported $990,000 plus bonuses and a $5 million loan. He also received approximately $100,000 for the use of his business jet by Apple the previous year according to the section "Certain Transactions" in the Apple Proxy Statement for 1996.
Amelio cited several problems at Apple including a shortage of cash and liquidity, low-quality products, lack of a viable operating system strategy, undisciplined corporate culture, and fragmentation in trying to do too much and in too many directions. To address these problems Amelio cut costs, reduced Apple's work force by one third, discontinued the Copland operating system project, and oversaw the development of Mac OS 8.
To replace Copland and fulfill the need for a next generation operating system Amelio started negotiations to buy BeOS from Be Inc. but negotiations stalled when Be CEO Jean-Louis Gassée demanded $275 million; Apple was unwilling to offer more than $200 million. In November 1996 Amelio started discussions with Steve Jobs' NeXT, and bought the company on February 4, 1997, for $429 million.
During Amelio's tenure Apple's stock continued to slump and hit a 12-year low in Q2 1997 that was at least partially caused by a single sale of 1.5 million shares of Apple stock on June 26 by an anonymous party who was later confirmed to be Steve Jobs. Apple lost another $708 million. On the July 4, 1997 weekend, Jobs convinced the directors to oust Amelio in a boardroom coup; Amelio submitted his resignation less than a week later; and Jobs then became interim CEO on September 16. In a 2007 interview with technology journalist Gina Smith, Jobs quoted Amelio as having a saying:
It was reported that Amelio's contract gave him about $3.5 million in severance pay, after a $2.3 million performance bonus in 1996.
Since 1998 Amelio has been a venture capitalist. In February 2001, Amelio became CEO of Advanced Communications Technologies (ADC). ADC is the United States arm of an Australian firm that has developed a product for the wireless communications industry called SpectruCell. He became senior partner at Sienna Ventures in Sausalito, California in May 2001.
In 2005 he co-founded Acquicor with ex-Apple CTO Ellen Hancock and Apple co-founder Steve Wozniak. Acquicor acquired Jazz Semiconductor in early 2007, and sold it in 2008 for a loss.
Amelio was a director and chairman of the Semiconductor Industry Association. Since 1996 he has been an advisor to the Malaysia Multimedia Super Corridor and to Malaysia's Prime Minister. Amelio was director of AT&T Inc., Pacific Telesis, Chiron Corporation, Sematech, the Georgia Tech Advisory Board (as chairman) and the American Film Institute. In June 2003 he was named chairman of the board of Ripcord Networks; where he joined Steve Wozniak, Ellen Hancock, and other Apple alumni. In October 2005 Amelio joined the board of advisors to Vanguard PAC (now TheVanguard.Org). Amelio is also a member of the Board of Directors of InterDigital, a wireless R&D company. Gil Amelio is on the advisory board of tech start-up Intelicloud.
Amelio is an IEEE Fellow. He has been awarded 16 patents. He is the author of three books: An American Imperative (1993), Profit from Experience (1995, ISBN 978-0471287049) and On the Firing Line: My 500 Days at Apple (1998, ISBN 978-0887309199).
- Howard Kleinberg (2003). The Stingaree Century. (self published). p. 141. ISBN 0974158909.
- "Interview with Gil Amelio". Silicon Genesis. Stanford University. March 24, 2000. Retrieved October 25, 2013.
- M. F. Tompsett; G. F. Amelio; G. E. Smith (August 1, 1970). "Charge Coupled 8-bit Shift Register". Applied Physics Letters. 17: 111–115. Bibcode:1970ApPhL..17..111T. doi:10.1063/1.1653327.
- Gilbert F. Amelio (February 1974). "Charge-Coupled Devices". Scientific American. 230 (2).
- National Semiconductor (July 20, 1995). "Annual Report for the fiscal year ended May 28, 1995". Form 10-K. US Securities and Exchange Commission. Retrieved October 25, 2013.
- Swartz, Jon (August 12, 1997). "Steve Jobs Confirms Apple Stock Sale". San Francisco Chronicle. Retrieved October 6, 2011.
- Steve Jobs by Walter Isaacson. ISBN 978-1-4516-4853-9.
- Kara Swisher, Steve Jobs, Bill Gates (May 30, 2007). Steve Jobs and Bill Gates Together: Part 2, All Things Digital 5. The Wall Street Journal (video). Event occurs at 5:20. Retrieved February 15, 2010.
- Sloan, Paul (November 17, 2009). "Perspective: Yahoo's Turnaround Efforts Are Straight from Steve Jobs' Playbook (quoting Larry Ellison)". CBS News. Retrieved August 23, 2012.
- "Amelio's golden handshake". CNet News. July 9, 1997. Retrieved October 25, 2013.
- Chaffin, Bryan (February 6, 2001). "Former Apple CEO Gil Amelio Lands A New CEO Job". The Mac Observer.
- Dawn Kawamoto (May 10, 2001). "Ex-Apple CEO Amelio to join Sienna". CNet News. Retrieved October 25, 2013.
- Kevin Kelleher (March 20, 2006). "Acquicor Tech Enjoys Apple's Halo". The Street. Retrieved October 24, 2013.
- Reinhardt Krause (March 6, 2006). "Amelio And Wozniak Seek A "Blank Check'; Ex-Apple Execs Surface; Ellen Hancock also part of an acquisition-minded outfit doing unusual IPO". Investors Daily. Archived from the original on October 25, 2013. Retrieved October 25, 2013.
- Mark LaPedus (March 15, 2006). "Ex-Apple execs form 'blank check' company". EE Times. Retrieved October 25, 2013.
- Eric Savitz (May 20, 2008). "Tower Semi to Buy Jazz, Laying a Troubled SPAC to Rest". Seeking Alpha. Retrieved October 25, 2013.
- "Tower Semiconductor Completes Merger with Jazz Technologies". Press release. September 19, 2008. Retrieved October 25, 2013.
- "Tower completes Jazz acquisition". Semiconductor Today. September 22, 2008. Retrieved October 23, 2013.
- "Board of Advisors – Dr. Gil Amelio". thevanguard.org. Archived from the original on February 5, 2012. Retrieved 17 June 2012.
- "InteliCloud Welcomes Gil Amelio to Advisory Board". 18 November 2009. Retrieved 17 June 2012.
- 500 Days at the Helm: The Rise and Fall of Gil Amelio from Low End Mac
- Apple CEO Gil Amelio's first interview after being fired by Apple