Laurene Powell Jobs

Laurene Powell Jobs

Laurene Powell in 2012
Born Laurene Powell
(1963-11-06) November 6, 1963[1][2]
West Milford, New Jersey, U.S. [1]
Nationality American
Alma mater University of Pennsylvania
Stanford University
Occupation Business executive
Net worth DecreaseUS$ 14.3 billion (May 2017)[3]
Political party Democratic
Spouse(s) Steve Jobs (m. 1991; his death 2011)
Children 3
Relatives Mona Simpson (sister-in-law)

Laurene Powell Jobs (born November 6, 1963) is an American businesswoman, executive and the founder of Emerson Collective, which advocates for policies concerning education and immigration reform, social justice and environmental conservation.[4] She is also co-founder and president of the Board of College Track, which prepares disadvantaged high school students for college.[4] Powell Jobs resides in Palo Alto, California, with her three children.[5] She is the widow of Steve Jobs, co-founder and former chief executive officer of Apple Inc. She manages the Laurene Powell Jobs Trust.[6][7]

Early life and career

Powell Jobs grew up in West Milford, New Jersey.[8] She earned a B.A. in Political Science from the University of Pennsylvania School of Arts and Sciences and a B.S. in Economics from the Wharton School of the University of Pennsylvania in 1985.[4][9][10] She received her M.B.A. from the Stanford Graduate School of Business in 1991.[4][10][11]

In October 1989, Steve Jobs gave a "View from the Top" lecture at Stanford Business School. Laurene Powell was a new MBA student and snuck to the front of the lecture and started up a conversation with Steve who was seated next to her. They ended up having dinner together that night.[12] A year and a half later on March 18, 1991, they married in a ceremony at the Ahwahnee Hotel in Yosemite National Park.[13] Presiding over the wedding was Kobun Chino Otogawa, a Zen Buddhist monk.[13][14] Their son, Reed, was born September 1991, followed by daughters Erin in 1995 and Eve in 1998.

Powell Jobs co-founded Terravera, a natural foods company that sold to retailers throughout Northern California.[4][5] She also served on the board of directors of Achieva, which created online tools to help students study and be more effective at standardized testing.[5] Before business school, Powell Jobs worked for Merrill Lynch Asset Management and spent three years at Goldman Sachs as a fixed-income trading strategist.[4][5]

Steve Jobs's death

On October 5, 2011, at the age of 56, Steve Jobs died due to complications from a relapse of his previously treated islet-cell neuroendocrine pancreatic cancer.[15][16] Powell Jobs inherited the Steven P. Jobs Trust, which as of May 2013 had a 7.3% stake in The Walt Disney Company worth approximately $11.1 billion, and 38.5 million shares of Apple, Inc.[7][8][10] As of 2016, Powell Jobs and her family are ranked 44th in the Forbes' annual list of world's billionaires.[17] According to the same list, she is the richest woman in the technology industry.

Philanthropy

In 1997, Powell Jobs and Carlos Watson co-founded College Track, a nonprofit organization in East Palo Alto to improve high school graduation, college enrollment, and college graduation rates for "underserved" students.[18][19][20] Of College Track's high school graduates, many of whom are first-generation college students, approximately 90 percent attend four-year colleges and 70 percent finish college in six years, whereas the national average for first-generation college students is 24 percent.[20] College Track has facilities in East Palo Alto, Sacramento, San Francisco, Oakland, Watts, Boyle Heights, New Orleans, Aurora, Colorado and Denver.[19][20][21][22] "We have a wait list of five cities where we’d like to open up centers," Powell Jobs has said. "We want to keep our standards high, though, and are reluctant to grow through franchising or through dissemination of our curriculum and training.”[20]

Powell Jobs serves on the advisory board of Udacity, a for-profit provider of massive open online courses (MOOCs).[23] Powell Jobs also founded the Emerson Collective, an organization that supports social entrepreneurs and organizations working in education and immigration reform, social justice and conservation through partnerships, grants and investments.[4][24] The Emerson Collective spearheads several social and political projects, among them The Dream is Now campaign and works closely with Conservation International and NewSchools Venture Fund.[24][25][26][27][28]

As of 2013, Powell Jobs sits on the board of directors of College Track, NewSchools Venture Fund, Conservation International, and Stanford University.[4][10][29] She is chair of the board of directors of XQ[30] and also sits on the chairman's advisory board of the Council on Foreign Relations.[4][29] In 2014, she was ranked as the 29th most powerful woman in the world by Forbes. Her ranking rose from #39 in 2013.[31]

In September 2015, Powell Jobs launched a $50 million project to create high schools with new approaches to education. Called XQ: The Super School Project, the initiative aims to inspire teams of educators, students, and community leaders to create and implement new plans for high schools. Efforts include altering school schedules, curriculums and technologies in order to replace the country's century-old high school education model. Funding for XQ comes from Powell Jobs' Emerson Collective. Following an initial $50 million financial contribution,[32][33] XQ announced an additional contribution, awarding ten schools $10 million each, for a total financial contribution of $100 million.[34][35][36] The schools were chosen from approximately 700 submissions nationwide.[37][38] Powell Jobs' team of advisors is led by Russlynn H. Ali.[32][33]

On July 28, 2017, Powell Jobs organization Emerson Collective (based in Palo Alto, California) acquired majority ownership of The Atlantic. [39][40]

References

  1. 1 2 Isaacson, Walter (2011). "Family Man". Steve Jobs (First ed.). Simon & Schuster. p. 269. ISBN 978-1-4516-4853-9. Lauren Powell had been born in New Jersey in 1963 and learned to be self-sufficient at an early age.
  2. ↑ United States birth records
  3. ↑ "Laurene Powell Jobs & family". Retrieved May 16, 2017.
  4. 1 2 3 4 5 6 7 8 9 "Laurene Powell Jobs". Emerson Collective. Retrieved September 17, 2013.
  5. 1 2 3 4 "Laurene Powell Jobs". Parsa. Archived from the original on September 14, 2010. Retrieved September 17, 2013.
  6. ↑ "Laurene Powell Jobs & family". Forbes. Nov 2014. Retrieved November 29, 2014.
  7. 1 2 Golum, Rob (Nov 24, 2011). "Jobs's 7.7% Disney Stake Transfers to Trust Led by Widow Laurene". Bloomberg News. Retrieved July 4, 2013.
  8. 1 2 Peter Lattman; Claire Cain Miller (May 17, 2013). "Steve Jobs’s Widow Steps Onto Philanthropic Stage". The New York Times. Retrieved May 18, 2013.
  9. ↑ "Trustees' Council of Penn Women". University of Pennsylvania. Laurene Powell Jobs, CW'85
  10. 1 2 3 4 "Laurene Powell Jobs". Forbes. Retrieved September 17, 2013.
  11. ↑ "President Obama Announces Members of the White House Council for Community Solutions". Press Release. The White House. December 14, 2010.
  12. ↑ "How did Lauren Powell Jobs and Steve Jobs meet? - Quora". Retrieved January 2, 2017.
  13. 1 2 Owen W. Linzmayer. Apple Confidential 2.0: The Definitive History of the World's Most Colorful. Retrieved September 17, 2013.
  14. ↑ "America's Most Admired Companies: Steve Jobs (pg 2)". CNN Money. Retrieved September 17, 2013.
  15. ↑ "Rare Pancreatic Cancer Caused Steve Jobs' Death" (Press release). Voice of America. October 7, 2011. Archived from the original on January 24, 2012. Retrieved October 7, 2011.
  16. ↑ "Apple Co-Founder Steve Jobs Dies At Age 56". Forbes. Retrieved September 17, 2013.
  17. ↑ "The World's Billionaires: Laurene Powell Jobs & family". Forbes. Retrieved March 5, 2016.
  18. ↑ Lattman, Peter; Miller, Claire Cain (May 17, 2013). "Steve Jobs's Widow Steps Onto Philanthropic Stage". The New York Times. Retrieved February 10, 2015.
  19. 1 2 "Our Vision". College Track. Retrieved March 6, 2017.
  20. 1 2 3 4 Sparks, Evan (Spring 2010). "The Old College Try". Philanthropy. Retrieved October 12, 2011.
  21. ↑ "2013 Global Conference Speakers". Retrieved September 18, 2013.
  22. ↑ Howard Blume (November 15, 2015). "Laurene Powell Jobs launches college-support program in Watts". The Los Angeles Times. Retrieved December 29, 2015.
  23. ↑ "About Us". Retrieved September 18, 2013.
  24. 1 2 "Steve Jobs' Widow Debuts Philanthropic". Retrieved September 18, 2013.
  25. ↑ "Tech Titans Fund Undocumented Students". Retrieved September 18, 2013.
  26. ↑ "Silicon Valley tech leaders help undocumented students". Retrieved September 18, 2013.
  27. ↑ "The Dream is now". Retrieved September 17, 2013.
  28. ↑ Lessin, Jessica E.; Jordan, Miriam (May 16, 2013). "Laurene Powell Jobs Goes Public to Promote Dream Act". The Wall Street Journal. Retrieved February 10, 2015.
  29. 1 2 "Jobs's Wife Backs Education Causes". Retrieved September 18, 2013.
  30. ↑ Emma Brown (September 15, 2015). "Laurene Powell Jobs donates $50 million to redesign high school". The Washington Post. Retrieved December 29, 2015.
  31. ↑ "The World's 100 Most Powerful Women". Forbes. Forbes. Retrieved June 24, 2014.
  32. 1 2 Medina, Jennifer. "Laurene Powell Jobs Commits $50 Million to Create New High Schools". NY Times.com. New York Times. Retrieved 23 November 2015.
  33. 1 2 Monica Scott (November 16, 2015). "How Grand Rapids could get $10M for Museum School". Michigan Live. Retrieved December 29, 2015.
  34. ↑ Katie Reilly (September 15, 2016). "These 10 Ideas Are Each Getting $10 Million to Change High School". Time.
  35. ↑ Greg Toppo (September 16, 2016). "$100M from Laurene Powell Jobs to remake schools for high tech age". USA Today.
  36. ↑ Elizabeth A. Harris. "$100 Million Awarded in Contest to Rethink U.S. High Schools".
  37. ↑ "Ten U.S. "Super Schools" awarded $10M each for reimagining education". CBS News. September 15, 2016.
  38. ↑ Saranac Hale Spencer (September 15, 2016). "Delaware school's $10 million innovation". Delaware Online.
  39. ↑ White, Gillian B. (28 July 2017). "Emerson Collective Acquires Majority Stake in The Atlantic". The Atlantic. Retrieved 28 July 2017.
  40. ↑ Halper, Daniel. "Key Dem Donor Takes Over ‘Country’s Most Important’ Journalistic Institution". date=28 July 2017. Retrieved 29 July 2017.
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