This entry was posted on Friday, March 24th, 2006 at 21:22 and is filed under News & Articles. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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Friday, March 24, 2006
Looks like Stevie is making some good cash elsewhere and that $1 he gets yearly from Apple is just a PR thing (no news here.) Now after getting some vesting going on his Apple shares, Jobs owed some big time money. Instead of paying out right the money, Apple essentially will sell, “4,573,553 shares at $64.66 a share” to pay the IRS Jobs owed taxes. Then it retires the stock and hands over the remaining shares to its CEO. In the end, the IRS gets nearly $300 million dollars and Apple gets back 4.5 million shares to never sale again. Steve on the other hand still gets a lot more then one messily dollar. 
[Via AppleInsider]
