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Gil Amelio

From Wikipedia, the free encyclopedia
(Redirected fromGilbert F. Amelio)
American technology executive (born 1943)

Gil Amelio
Born
Gilbert Frank Amelio

(1943-03-01)March 1, 1943 (age 82)
Occupation(s)Computer science, businessman
Known forCEO ofNational Semiconductor andApple Inc.

Gilbert Frank Amelio (born March 1, 1943) is an American technology executive. Amelio worked atBell Labs,Fairchild Semiconductor, and the semiconductor division ofRockwell International, and was also the CEO ofNational Semiconductor andApple Computer.

Early life and career

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Amelio grew up in Miami, Florida, of Italian born parents, and graduated fromMiami High School.[1] He received a bachelor's degree, master's degree, and PhD inphysics from theGeorgia Institute of Technology. While at Georgia Tech, Amelio was a member of thePi Kappa Alpha fraternity.

Amelio joinedBell Labs as a researcher in 1968.[2]In 1970, Amelio was on the team that demonstrated the first workingcharge-coupled device (CCD).[3]He moved toFairchild Semiconductor in 1971, where he led the development of the first commercial CCD image sensors in the early 1970s,[4] and in 1977 became head of theMOS division.He worked his way up to president of the semiconductor division ofRockwell International, and then its communications systems division.[5]

Amelio joinedNational Semiconductor as president and chief executive in February 1991.[5]

Apple Computer

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In 1994 Amelio joined the board of directors ofApple. After his resignation from National Semiconductor, Amelio became Apple CEO on February 2, 1996, succeedingMichael Spindler. His salary was a reported $990,000 plus bonuses and a $5 million loan.[6] He also received approximately $100,000 for the use of hisbusiness jet by Apple the previous year according to the section "Certain Transactions" in the Apple Proxy Statement for 1996.[7]

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 theCopland operating system project, and oversaw the development ofMac OS 8.

To replace Copland and fulfill the need for a next generation operating system Amelio started negotiations to buyBeOS fromBe Inc. but negotiations stalled when Be CEOJean-Louis Gassée demanded $275 million; Apple was unwilling to offer more than $200 million.[8] In November 1996 Amelio started discussions withSteve Jobs'sNeXT, and bought the company on February 4, 1997, for $400 million.[9]

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.[10] Apple lost another $708 million. On the July 5-6, 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. Jobs later quoted Amelio as having said:

Apple is like a ship with a hole in the bottom, leaking water, and my job is to get the ship pointed in the right direction.[11][12][13]

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.[14]

Post-Apple career

[edit]

Since 1998 Amelio has been aventure 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.[15] He became senior partner at Sienna Ventures inSausalito, California in May 2001.[16]

In 2005 he co-foundedAcquicor with ex-AppleCTOEllen Hancock and Apple co-founderSteve Wozniak.[17][18][19] Acquicor acquiredJazz Semiconductor in early 2007, and sold it in 2008 for a loss.[20][21][22]

Amelio was a director and chairman of theSemiconductor Industry Association. Since 1996 he has been an advisor to theMalaysia Multimedia Super Corridor and to Malaysia's Prime Minister. In June 2003 he was named chairman of the board ofRipcord Networks; where he joined Steve Wozniak, Ellen Hancock, and other Apple alumni.[23] Amelio was a board member ofAT&T Inc.,Pacific Telesis,Chiron Corporation,Sematech,InterDigital, andGeorgia Tech (as chairman), as well as a trustee of theAmerican Film Institute.[24]

He was a contributor to the reportAn American Imperative (1993),[25] and author of the booksProfit from Experience (1995,ISBN 978-0471287049) andOn the Firing Line: My 500 Days at Apple (1998,ISBN 978-0887309199).

In November 2020, Amelio joined the board of directors for Nashville-based augmented reality startup VideoBomb.[26]

Amelio joined the board of directors forMimms Museum of Technology and Art in September 2023.[27]

Awards and honors

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Amelio is anIEEE Fellow.[28] He received theIEEE Masaru Ibuka Consumer Electronics Award in 1991 for contributions to the development of the charge-coupled device (CCD) image sensors in consumer video cameras. He has been awarded 16 patents.[29][30]

Books

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References

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  1. ^Howard Kleinberg (2003).The Stingaree Century. (self published). p. 141.ISBN 0974158909.
  2. ^"Interview with Gil Amelio".Silicon Genesis. Stanford University. March 24, 2000. Archived fromthe original on May 31, 2017. RetrievedOctober 25, 2013.
  3. ^M. F. Tompsett; G. F. Amelio; G. E. Smith (August 1, 1970). "Charge Coupled 8-bit Shift Register".Applied Physics Letters.17 (3):111–115.Bibcode:1970ApPhL..17..111T.doi:10.1063/1.1653327.
  4. ^Gilbert F. Amelio (February 1974)."Charge-Coupled Devices".Scientific American.230 (2). Archived fromthe original on November 6, 2018. RetrievedMarch 25, 2016.
  5. ^abNational Semiconductor (July 20, 1995)."Annual Report for the fiscal year ended May 28, 1995".Form 10-K. US Securities and Exchange Commission. RetrievedOctober 25, 2013.
  6. ^Peter Burrows (1996)."Gil Amelio's Insanely Great Paycheck".Bloomberg.com.
  7. ^"SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934". 1997. Archived fromthe original on March 31, 2018. RetrievedMay 24, 2017.
  8. ^Amelio, Gil; Simon, William L. (1998).On the Firing Line: My 500 Days at Apple. Capstone.ISBN 978-1-900961-98-1.
  9. ^Kawamoto, Dawn (December 20, 1996)."Apple acquires Next, Jobs".CNET. RetrievedOctober 26, 2022.
  10. ^Swartz, Jon (August 12, 1997)."Steve Jobs Confirms Apple Stock Sale".San Francisco Chronicle. Archived fromthe original on November 4, 2012. RetrievedOctober 6, 2011.
  11. ^Steve Jobs by Walter Isaacson.ISBN 978-1-4516-4853-9.
  12. ^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. RetrievedFebruary 15, 2010.
  13. ^Sloan, Paul (November 17, 2009)."Perspective: Yahoo's Turnaround Efforts Are Straight from Steve Jobs' Playbook (quoting Larry Ellison)".CBS News. Archived fromthe original on January 19, 2013. RetrievedAugust 23, 2012.
  14. ^"Amelio's golden handshake".CNet News. July 9, 1997. RetrievedOctober 25, 2013.
  15. ^Chaffin, Bryan (February 6, 2001)."Former Apple CEO Gil Amelio Lands A New CEO Job".The Mac Observer. Archived fromthe original on November 28, 2017. RetrievedDecember 26, 2005.
  16. ^Dawn Kawamoto (May 10, 2001)."Ex-Apple CEO Amelio to join Sienna".CNet News. RetrievedOctober 25, 2013.
  17. ^Kevin Kelleher (March 20, 2006)."Acquicor Tech Enjoys Apple's Halo".The Street. RetrievedOctober 16, 2017.
  18. ^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 fromthe original on October 25, 2013. RetrievedOctober 25, 2013.
  19. ^Mark LaPedus (March 15, 2006)."Ex-Apple execs form 'blank check' company".EE Times. RetrievedOctober 25, 2013.
  20. ^Eric Savitz (May 20, 2008)."Tower Semi to Buy Jazz, Laying a Troubled SPAC to Rest".Seeking Alpha. RetrievedOctober 25, 2013.
  21. ^"Tower Semiconductor Completes Merger with Jazz Technologies".Press release. September 19, 2008. RetrievedOctober 25, 2013.
  22. ^"Tower completes Jazz acquisition".Semiconductor Today. September 22, 2008. RetrievedOctober 23, 2013.
  23. ^"Ripcord's Board".Wired. August 4, 2004.ISSN 1059-1028. RetrievedOctober 26, 2022.
  24. ^"Gilbert F Amelio "Gil"".Bloomberg.
  25. ^Honan, William H. (December 5, 1993)."Report Says Colleges Are Failing to Educate".The New York Times. RetrievedAugust 6, 2019.
  26. ^Capps, Milt (November 16, 2020)."Nashville's VideoBomb welcomes former Apple CEO and a serial entrepreneur to board, maps capital raises".Venture Nashville Connections.
  27. ^"Computer Museum of America Announces Former Apple CEO, Gil Amelio, Added to the Board". September 22, 2023.
  28. ^"IEEE Fellows Directory - Alphabetical Listing".
  29. ^"Gil Amelio joins board of Australian wireless concern".Macworld. RetrievedOctober 26, 2022.
  30. ^"Gilbert F. Amelio Ph.D. | National Air and Space Museum".airandspace.si.edu. RetrievedMarch 26, 2023.

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