In 1955, Morris Chang suffered what he then considered the biggest failure of his life: he failed his Ph.D. qualifying exams at MIT for the second time, meaning he could not continue his doctorate. Forced to look for a job, he got two offers: Ford, the more prestigious of the two, and Sylvania Electric Products, a lesser-known electronics company working on a relatively new technology called “transistors”.
Ford offered Chang a salary of $479 a month. Sylvania offered him $480 a month. Chang actually preferred the prestige and charm of Ford. However, finding it odd that Ford’s offer was exactly $1 less than Sylvania’s, he decided to call the Ford recruiter who had previously been very kind to him. He politely asked if Ford would match Sylvania’s offer so he could make an even $480 a month.
Instead of negotiating, the recruiter instantly turned hostile and dismissive. He snapped at Chang, telling him that Ford’s salary structure was set and that he would not get a single cent more. Insulted by the recruiter’s rude attitude, an angry Chang rejected Ford’s offer out of principle and signed with Sylvania. That is how he entered the semiconductor industry. This $1 snub altered the course of tech history.