Sunday, July 13, 2008

Digital Domain - So the iPhone Has Problems. What About the Stock Options? - NYTimes.com

Read the full article for more background on this never-ending saga (the criminal investigation may be over, but the civil suits are still ongoing)

Mr. Jobs plainly did not foresee the good days that were ahead for Apple; on Friday, its shares closed at $172.58. His decision to exchange many stock options for far fewer shares of restricted stock, swapping potential upside for certainty, resulted in his losing more than $6 billion in potential gains.

Then again, it has worked out well enough for him. Ridding himself of those options before they become the stuff of unsavory headlines? Beautiful timing.

Digital Domain - So the iPhone Has Problems. What About the Stock Options? - NYTimes.com

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