Steve Jobs gives up 4.5 million Apple shares ($295.7 million) for taxes

[Bush_Eats_Beef]

Jobs gives up 4.5 million Apple shares for taxes
Silicon Valley/San Jose Business Journal - 4:01 PM PST Monday

http://www.bizjournals.com/sanjose/stories/2006/03/27/daily12.html?f=et79&hbx=e_du

Steve Jobs let Apple Computer Inc. sell nearly half his stake in the company to pay taxes applicable to those shares.

According to a company filing with the Securities and Exchange Commission, Apple held back 4.5 million of the 10 million of Jobs' shares that vested in March. The 5.4 million shares he has left were worth $323 million, based on Friday's closing stock price.

Apple used the proceeds from the sale of the witheld shares -- $295.7 million -- to pay taxes for the CEO.

He was awarded the shares in March 2003. Although he earned a salary of just $1 at Apple last year, Jobs is worth about $4.4 billion, according to Forbes magazine.

[Hardrada]

1. So I guess I won't worry about him then

but, het, at least he's paying taxes!!