John Sculley Is His Own Person Now
John Sculley wanted to savor the grit of being an entrepreneur. He'll get to. Three days after resigning as chairman of Apple Computer, Sculley announced on Oct. 18 that he'll head up tiny Spectrum Information Technologies, a player in wireless communications that hasn't turned an annual profit in all of its 10 years. What's more, Spectrum has been accused of hyping its growth potential and faces shareholder lawsuits. Sculley says he signed on with Spectrum because "I didn't want to be known as a professional manager going from company to company as a hired gun. I wanted to be my own person." Another possible motive for Sculley: improving wireless technology. Such communication will be key to building sales of Apple's much-maligned Newton computer, a product Sculley personally led development on at Apple.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.