Steve Jobs speaks out

In an exclusive interview, Apple's CEO talked with Fortune senior editor Betsy Morris in February in Kona, Hawaii, where he was vacationing with his family, about the keys to the company's success, the prospect of Apple without Jobs, and more. Here are excerpts.

On his marathon Monday meetings
On his marathon Monday meetings
"When you hire really good people you have to give them a piece of the business and let them run with it. That doesn't mean I don't get to kibitz a lot. But the reason you're hiring them is because you're going to give them the reins. I want [them] making as good or better decisions than I would. So the way to do that is to have them know everything, not just in their part of the business, but in every part of the business.

"So what we do every Monday is we review the whole business. We look at what we sold the week before. We look at every single product under development, products we're having trouble with, products where the demand is larger than we can make. All the stuff in development, we review. And we do it every single week. I put out an agenda -- 80% is the same as it was the last week, and we just walk down it every single week.

"We don't have a lot of process at Apple, but that's one of the few things we do just to all stay on the same page."

Last updated March 07 2008: 7:10 PM ET

iPhone's birth

Connecting

No consultants

What drives employees

Apple without Jobs?

Focus

Managing style

The OS

Monday meetings

Roadblocks

iPods

Apple store

Tech's next wave

Apple TV

Downturn
Top 20 Apple tops the list, Google and Berkshire Hathaway move up, and Costco cracks the top 20 this year. (more)
The trouble with Steve Jobs Apple's chief likes to make his own rules, whether the topic is computers, stock options, or even pancreatic cancer. (more)
10 Most Admired for innovation For the third straight year, Apple is the most admired company for innovation. Which other innovators made the top 10? (more)