Posted by: crisdiaz24 | May 9, 2017

THE THIRD APPLE CO-FOUNDER WHO LOST OUT ON A FORTUNE – Cloze Test

THE THIRD APPLE CO-FOUNDER WHO LOST OUT ON A FORTUNE

 

Steve Jobs, Steve Wozniak and … Ron Wayne?

The 0) ________________ of all three men appear on Apple’s April 1, 1976, incorporation documents. They also appear on a document signed 12 days later, dissolving Wayne of his 10% investment.

Wayne, Apple’s 1) __________-known third co-founder, gave up his rights to his share of Apple for $800. Today, 10% of Apple is worth 2) __________ $62 billion. In those days one share was $2.75, at present if a person wants to invest in shares, they will cost them nearly 54 times as 3) __________ as they did then.

There is no chance Wayne, who is 81 now, would have actually 4) __________ worth anything remotely 5) __________ to that much today. His stake would have been diluted when shareholders were added 6) __________ on. But it is not a stretch to say that he would have been a multi-millionaire  – and substantially 7) __________ than he is now.

“What most people know is that I was there at the beginning and walked away; what they don’t know is I had very good reasons for doing it,” Wayne said in an interview with CNNMoney. “I’ve 8) __________ regretted the move.”

Wayne met Steve Jobs while both were working at video game pioneer Atari. He was a computer programmer, assigned to “assume major responsibility for mechanical engineering and documentation,” according to Apple’s founding documents.

But Wayne wasn’t brought in for his engineering prowess. He says he was called in to be the adult in the room. As he sees it, he was given 10% of the company for designing Apple’s original logo and mediating 9) __________ between Wozniak and the fiery Jobs.

“They were absolute whirlwinds. I was standing in the shadow of giants,” Wayne said. “If I stayed at Apple I would have probably 10) __________ up the richest man in the cemetery.”

Wayne’s passion was in the gaming industry, making video games and 11) __________ machines. So he says that he wouldn’t have been happy at Apple.

Following Apple, Wayne joined several smaller companies, where he was able to engineer products “soup to nuts.” He says he’s unhappy unless he has complete control over a product — something Steve Jobs would have been unlikely to give him.

“Once Steve determined where he wanted to be, the last place you would want to be is between him and where he was going, or you’d get footprints on your head,” Wayne said. “Was he the nicest person in the world? No. That’s not the point. The point is what did he 12) __________ through his journey through life?”

Though Wayne admires Jobs for his accomplishments, most of his praise goes to Wozniak, calling him “the most gracious man I’ve ever met.” Wayne said that Woz’s whimsical attitude was his inspiration for Apple’s initial logo, with an apple 13) __________ on Isaac Newton’s head.

Wayne said that he has had a happy life, choosing to do what he loves “for the sake of doing it.” He says that he’s not rich, but he’s not “hungry” either.

To retire to “a more comfortable situation,” Wayne has 14) __________ off most of his original Apple documents — including his copy of the incorporation papers, a proof of the original Apple logo, and the original manual for the Apple I computer — earning tens of thousands of dollars.

“Would I rather be rich? Of course I’d like a lot of money,” Wayne said. “But I have managed. If I just wanted the money, I could have been rich and miserable.”

http://money.cnn.com/2016/03/31/technology/ron-wayne-apple/

 

ACCOMPLISH              CLOSE                           FALLING                       NEVER

ALWAYS                      DISPUTES                     LATER                           ROUGHLY

AUCTIONED                 DROPPING                   LESSER                         SIGNATURES

BEEN                             ENDED                          MANY                           SLOT

BETTER                         EXPENSIVE                   MUCH                          WEALTHIER

 

 

0 SIGNATURES
1 8
2 9
3 10
4 11
5 12
6 13
7 14

 

KEY

 

O. SIGNATURES

  1. LESSER
  2. ROUGHLY
  3. MUCH
  4. BEEN
  5. CLOSE
  6. LATER
  7. WEALTHIER
  8. NEVER
  9. DISPUTES
  10. ENDED
  11. SLOT
  12. ACCOMPLISH
  13. FALLING
  14. AUCTIONED

 

 

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