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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
Apple

Steve Jobs was furious when this Apple exec left

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
March 23, 2015, 10:13 AM ET
Photograph by Justin Sullivan — Getty Images
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A new book reveals just how upset Steve Jobs was when early Apple employee Jon Rubinstein left the company for a position at Palm.

 

Rubinstein resigned in 2006 and emailed his former boss as a courtesy when Palm hired him. But just four seconds after, Jobs called to voice his disapproval, according to the upcoming book Becoming Steve Jobs: The Evolution of a Reckless Upstart Into a Visionary Leader.

“He couldn’t understand,” said Rubinstein in the book, as reported by Business Insider. “He said, ‘You’ve got plenty of money, why are you going to Palm?’ I’m like, ‘Steve, what are you talking about? I mean, you’ve got orders of magnitude more money than I have and you’re asking me? Are you joking?'”

Jobs and Rubinstein never repaired their relationship afterward. Rubinstein became CEO of Palm Computing in 2009. Hewlett-Packard purchased the company in 2010; Rubinstein left two years later. Its acquisition of Palm never achieved the hoped-for results.

HP reported revenue misses for its first-quarter earnings. HP’s earnings hit 92 cents per share, up 2% from last year, but revenue fell to $26.84, down 5% from a year ago. Apple, meanwhile, posted strong earnings in January. The company reported earnings of $3.06 per share with revenue of $74.6 billion on the heels of record iPhone sales. Analysts expected Apple to report earnings of $2.60 per share with revenue of $67.9 billion.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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