World of Apple
This is a static archive of World of Apple, published by Alex Brooks between 2005 and 2015. Nothing here is live or updated since original publication.

Jobs Pays $296m in Tax on Stock Gift [Updated]

Article updated due to the sheer inaccuracy of the original

Steve Jobs this week sold 4.5 million of his Apple Computer shares to pay $296 million in taxes.

The shares were reportedly sold on the same day that the shares vested to meet tax obligations, Jobs sold 4,573,553 shares at $64.66 and has 5,426,451 shares remaining from his original 10m restricted shares given to him by Apple.