Jobs dumps Apple stock
Vested? Sell!
theregister.co.uk
By Andrew Orlowski in San Francisco
Published Friday 24th March 2006 23:07 GMT
Get breaking Reg news straight to your desktop - click here to find out how.
In brief Apple Computer founder and CEO Steve Jobs sold 45 per cent of his Apple stock this week. Jobs sold 4.57m shares at a price of $64.66, netting him a cool $295m.
Jobs was granted the 10m shares in 2003, but they didn't vest until now.
Jobs retains 120,000 vested stocks that were granted in 1997. Last year, Jobs earned $1 salary from Apple.
Earlier this month Forbes magazine put Jobs' net wealth at $4.4bn, after the sale of Pixar, in which he was the majority shareholder, to Disney. That's someway behind the colored ball boys of Google, Brin and Page, who are worth around $12.8bn a piece, and Jobs' pal Larry Ellison who's worth $16bn.
The selloff comes just ahead of Apple's 30th anniversary to be celebrated on April 1. You can check out Jobs' fire sale here.
(Thanks to Mr Bear for the tip). ® |
