360° Coverage : Ex-Employee Sues Apple Due To Steve Jobs Promise

Ex-Employee Sues Apple Due To Steve Jobs Promise

Says he was fired even though Jobs guaranteed his job

Aug 21 2012, 7:22pm CDT | by

Ex-Employee Sues Apple Due To Steve Jobs Promise

A man who worked for Apple from 1998 to 2011 has sued the company because he was let go despite being guaranteed by Steve Jobs that he would always have a job at Apple. The man, Wayne Goodrich, is now seeking unspecified damages.

In 2005, Goodrich says that Jobs called him in for a one-on-one meeting in which he said his employment at Apple was guaranteed for life. The promise came at a time when Jobs was concerned about his health, so clearly what he wanted was for Goodrich to avoid exactly what has happened.

Goodrich worked as executive producer for Apple's high-profile presentations. So when you saw Steve Jobs up on stage unveiling the newest iPhones and iPads, it was Goodrich who orchestrated those events.

Clearly, in this capacity, he worked very close to Jobs and must have forged quite a strong connection.

"This express promise by Steve Jobs was consistent with a practice that Steve Jobs had, acting on behalf of defendant Apple, of promising job security to certain key employees who worked directly with him for many years," the employee wrote in his complaint.

The main point of contention, he says, is the windfall of restricted stock he received in 2008, when the price was $97.40 per share. Now, that dollar value is $635 per share.

Apple has not released a statement regarding the lawsuit. Its lawyers are, after all, pretty busy with Samsung at the moment.

Via BusinessWeek

 
 
 

<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
With more than 10 years as a professional writer, Mark Raby has an undeniable pulse on the latest trends. From the quiet rumors to the breaking news of the day, his eagle eye is always focused on the newest scoop and figuring out how and why the big newsmakers are noteworthy and relevant. He is based in New York City.

 

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