The iPod and the Cult of the Super Genius
Title: Father of the IPod
Source: Cult of the Mac Blog, Wired, NYTimes
Date: April 26, 2004
One aspect of the CEO's Cult of the Super Genius is the fact that the CEO inexplicably gets credit for the contributions of thousands of employees. For example, in last week's Time Magazine, Steve Jobs is lauded as one of the "Time 100" (The People Who Shape Our World). The article says, "Jobs has been synonymous with the kind of ingenuity that's at the forefront of the tech industry." If you believe that sort of thing about a CEO, then the CEO is worth $75 million.
What Father of the IPod points out is that Jobs had nothing to do with the IPod. From the article:
- "(The iPod) was put together starting in 2001 by hardware designers led by Tony Fadell."
- "Since Mr. Jobs returned to Apple, he has increasingly insisted that the company speak with just the voices of top executives, so Mr. Fadell was not permitted to comment for this article."
The CEOs and shareholders redistribute the wealth generated by thousands of employees to a very small group of extremely wealthy people. That is how the concentration of wealth works.