Why Sculley Might Not Bite Apple Image RemakersKathy Rebello
Was John Sculley, who was pushed out of Apple Computer more than three months ago, paid big money to enlist his aid in pending lawsuits against the computer maker? That's how Apple CEO Michael Spindler explained his predecessor's generous $750,000 one-year "consulting fee"--part of a multimillion-dollar golden parachute--when an investor complained at the Cupertino (Calif.) company's annual meeting on Jan. 26. Spindler said Sculley's fee was a "goodwill" gesture to ensure his participation in pending lawsuits. Most notably: Apple's appeal of a copyright suit it lost against Microsoft and a shareholders' class action brought last July. The latter claims Apple made misleading statements about its financial health, which it denies.
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