Apple launched the initial public offering (IPO) of its stock to the public on the NASDAQ market under the stock symbol "AAPL". The IPO generated more capital than any other IPO since Ford Motor Company in 1956 and created more millionaires than any company in history. Steve Jobs, co-founder and the largest shareholder of the company, held stock valued at $217 million. After the launch of Macintosh, Steve Jobs was ousted and the company was run by CEOs Sculley, Spindler, and Amelio; during the period, the company was gradually losing its creativity, innovation and value. While the company was near bankruptcy, Steve Jobs returned to the company and made a great turnaround with fascinating products and innovative business model. Steve Job remained as the Chairman of the company board until his departure on October 5, 2011 at his age of 56. Apple became an iconic company with countless followers (or consumers).
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