[World Leader Pretend]

The man wants his money, and I don't blame him.

296 million?!! You could make lots of cookies with that type of dough. (get it )

[thegelding]

perhaps the pancreatic cancer gave him pause and he now wants to buy an island and work less and slack more

or he joined scientologly and want to get to level VIII quicklly

maybe now he can buy a nice suit for the next keynote

g

go buy stevie and freak out the faithful at your next keynote

[scratt]

Well this article from the other place really clears it up.... Not!

http://www.appleinsider.com/article.php?id=1621

Apple Computer chief executive Steve Jobs this month used over 4.5M of the 10M restricted shares owed to him by the company to pay income and other employment taxes applicable to those shares, AppleInsider has discovered. He did not sell any of his stake in the company. In order to meet his tax obligations on the 10M restricted shares, which vested this month, Jobs elected to net-share settle -- essentially allowing Apple to withhold and pay to authorities the portion of the 10M shares that would meet his tax payment requirements. On March 19 -- the date of the transaction -- this portion amounted to 4,573,553 shares at $64.66 a share, or a whopping $295.7M tax payment. Apple then turned over to Jobs the remaining 5,426,451 shares, which at the close of the market on Friday were worth about $325.4M. The value of the withheld shares ($295.7M) will be turned over to the appropriate tax authorities. As part of the net-share settlement, Apple will essentially sell, repurchase and then retire the 4,573,553 shares it used to pay Jobs' taxes. These transactions will not represent expenses to the company, but will be accounted for as reductions to cash with corresponding reductions to shareholders' equity. Therefore, the net-share settlement will have the effect of a share repurchase by the company -- essentially Apple reinvesting in itself, which will reduce the number of outstanding Apple shares on the market. Apple gave Jobs the 10 million shares of restricted stock back in 2003, in exchange for worthless options on a split-adjusted 55 million shares. The options were "worthless" because the shares had dropped 80 percent in the preceding three years amid a worldwide economic slowdown that crimped computer purchases. In addition to the 5,426,451 shares Jobs now retains, he also holds 120,000 fully vested options received in 1997 under the director stock option plan.

[DMBand0026]

Originally Posted by Foj OS 1908

Wow, that was so uncalled for.

[Elysium]

Originally Posted by Foj OS 1908

Ouch that hurts....

[Moogs]

Originally Posted by DMBand0026 He's buying the Chicago Cubs.

We should be so lucky; if he did buy them maybe we'd actually have something to get excited about rather than wondering who the Tribune company is going to waste their money on this year.

[Foj]

Originally Posted by cynical_rock Ouch that hurts....

Originally Posted by DMBand0026 Wow, that was so uncalled for.

i couldn't help myself.