Here is an article referring to the stock options awarded to Steve Jobs at Apples in 2000. Back then, the Fortune magazine assessed the value of Jobs' options were worth a whopping sum of $872 million; however, Jobs countered it by stating their value was zero. Why did he say so? Who's right? Thoughts
For your convenience, I have attached a formatted MS Word file containing the text below.
According to the article these options would be worth $848mil today. So why would Steve Jobs claim they were worthless? I could be wrong but it doesn't seem as if he believed the value of the options was inflated since Apples would have bought them back from Steve if they had the capital to do so. Yes? I am so confused!
I can understand why you would be confused about someone saying that $872 in stock options is basically worthless - in Mr. Jobs' words, "penniless". ...
For your convenience, I have attached a formatted MS Word file containing information and insights into Apple Computer founder Steve Jobs's comment that his awarded stock options were "penniless".