Tech tycoon and Apple co-founder Steve Jobs was considered a genius of his time.. But just like everyone else, he was human, and in 1985, he made one of the most emotional investment decisions of all time… The story dates back to the summer of 1997, with Gil Amelio taking over as CEO of Apple Computers. Just a year after rejoining the company as a senior adviser, Steve Jobs publicly confessed that he had lost faith in the company, which prompted him to sell an astonishing 1.5 million shares. While it remains unclear if what happened over the next decade was planned or just a inconvenient accident, widespread stories of a “private party” dumping Apple stock caused the company’s stock prices to plummet to a 12-year low. This severe decline in stock price eventually forced Amelio to
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