![]() ![]() On the other hand, it has been reported that when he was fired (or left), Scott accepted an exceptionally large severance package from Tim Cook in exchange for leaving quietly. At various stock prices in recent years, those 10 million shares would be worth well over $1 billion. Had he managed to stay at Apple and receive the 350,000 RSUs, after the splits those would have turned into around 10 million shares. At various times in recent years, those 1.8 million shares would easily be worth $300 million. Had he held on to the 64,000 shares he sold in May 2012, today he would have around 1.8 million shares. By leaving (or getting fired), Scott left 350,000 Restricted Stock Units on the table (though he would have had to remained at the company for several more years to earn those units.)Īpple stock split 7-1 in June 2014 and 4-1 in August 2020. He was left with 2,988 shares that at the time were worth $1.7 million. According to an SEC filing, at the time Forstall sold over 64,000 company shares at around $585 per share to net $38.7 million. In May 2012 Scott Forstall sold 95% of his Apple shares. Moreover, Forstall's overall design style caused significant division within the design team at Apple. Apple CEO Tim Cook said that Forstall had a "disagreeable" personality, and it was later revealed that Forstall had refused to sign a formal apology for his error-riddled work on the Maps app. Although the specific reason for his departure was never publicly disclosed, it was believed that he was forced out of his position due to an inability to work harmoniously with colleagues. Not long after this, it was announced that Forstall would be leaving Apple. In particular, the newly introduced Maps app was decried for being buggy and underdeveloped, while the clock app came under fire for using an unlicensed design based on the trademarked Swiss railway clock. Justin Sullivan/Getty Images Apple Departureįollowing the release of iOS 6 in 2012, Apple entered into a tumultuous period marked by criticism and controversy. In 2006, Forstall was made responsible for all Mac OS X releases he subsequently became senior vice president of iPhone Software. One of the world's two largest smartphone platforms, the iPhone has been credited with revolutionizing the mobile phone industry and the app economy. Additionally, he created a software developer's kit so programmers could build their own iPhone apps. In his development of the iPhone, Forstall utilized a preexisting desktop operating system that would permit third-party Mac developers to write software for the device. To settle the decision, he pit the Macintosh and iPod teams against each other ultimately, it was Forstall and the Mac team that ended up winning. ![]() When Jobs began devising the iPhone, he was caught between two choices for how it should be conceived: as a more compact Macintosh computer or as an enlarged iPod. In that position, he oversaw the creation of the Safari web browser, an Apple software staple. Gaining a whole new level of recognition for his work on Aqua, Forstall was promoted to senior vice president of Apple iOS Software in early 2003. In 2000, he became a leading designer of the new Aqua user interface, which was popular for its water-like visual cues. Following that purchase, Forstall began designing user interfaces for the revamped Macintosh line of computers. He remained with the company when it was acquired by Jobs' Apple in 1997. NeXT and AppleĪfter graduating from Stanford, Forstall joined the computer technology company NeXT, which was founded by Steve Jobs. Subsequently, Forstall obtained his master's degree in computer science from Stanford. He went on to attend Stanford University, from which he graduated with a bachelor's degree in symbolic systems in 1991. Forstall graduated as class co-valedictorian with a 4.0 GPA. There, he played competitive chess and competed in trivia tournaments. Entering high school a year early, Forstall went to Olympic High School in Bremerton. He took AP science and math classes in middle school, and acquired early experience with programming on Apple IIe computers. In school, Forstall was a gifted student, and particularly excelled in programming. His older brother Bruce went on to become a senior software design engineer at Microsoft. Scott Forstall was born in 1969 in Kitsap County, Washington as the second of three boys of Tom, an engineer, and Jeanne, a nurse. □ Compare Scott Forstall's Net Worth Early Life and Education ![]()
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