Feeds

Jobs dumps Apple stock

Vested? Sell!

Eight steps to building an HP BladeSystem

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 1 April. You can check out Jobs' fire sale here.

(Thanks to Mr Bear for the tip). ®

Update Monday 6:30pm PT: The WSJ said this evening that Jobs gave up his stake "to satisfy tax obligations", according to a report by Nick Wingfield. Several readers had berated El Reg for not publishing a rumor to this effect last week. Why not? Because we prefer facts to unsubstantiated (but fun) rumors. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.