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NO LONGER BOBBING FOR APPLE

ANOTHER ONE FALLS FROM the tree. On May 20, George Scalise, Apple Computer's operations chief and the closest aide of chief executive Gilbert Amelio, quit after just 14 months. Shareholders shouldn't be too unhappy. Though Scalise did arrange for a spin-off of Apple's Newton group in a deal slated to be announced May 22, he did so only after protracted efforts to find a buyer. And while Scalise earned over $1.1 million at Apple, the company's stock has plummeted 39% during his tenure.

EDITED BY KELLEY HOLLAND


Updated June 15, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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