[www.cultofmac.com]

July 8, 1997: Steve Jobs begins his path to becoming chief executive officer of Apple, after former CEO Gil Amelio departs the company on the back of a massive quarterly loss. Also leaving Apple is Ellen Hancock, executive vice president of technology.

To run Apple’s day-to-day operations, CFO Fred Anderson takes over until a new CEO can be found. Jobs, meanwhile, moves from strategic adviser to take “a more expanded role with Apple’s board and executive management team.” The turnaround has started!

Amelio and Hancock had only been in their positions at Apple since 1996, both joining from National Semiconductor. However, they were unable to turn Apple around quickly enough to satisfy Cupertino’s board of directors.
The month before the departures, the company filed with the Securities and Exchange Commission to say it would take Apple longer than expected to return to profitability. Apple also noted that it needed to cut 3,500 full-time jobs.

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Ways to improve web conference image and sound quality. [forums.macresource.com]

Amelio and Hancock had only been in their positions at Apple since 1996, both joining from National Semiconductor. However, they were unable to turn Apple around quickly enough to satisfy Cupertino’s board of directors.

Well, that is satisfy the board after Jobs had done his behind the scenes lobbying against Amelio earlier. He would only have been able to come back because Amelio had brought in Hancock to review the sad state of progress on a new OS, and Apple decided to pick up NeXT.