Will anyone listen to new controller?
What won what where
Not to be crass or anything, but Laurene Powell Jobs can save $867 million in capital gains taxes by dumping the shares of both companies. Those shares, by the way, are valued at $6.8 billion. From Bloomberg:
"I can't see any reason not to sell all of it," said Kacy Gott, chief planning officer at the wealth-management firm Aspiriant, whose clients have assets of as much as $100 million. "They should have been looking to diversify years ago." Jobs's heirs should sell some stock to reduce the estate's risks, said Joyce Franklin, a San Francisco financial planner who works with high-tech executives. Making sales more attractive: the capital gains tax is set to rise to 20 percent in 2013 from 15 percent now, and high-income Americans will also be subject to a 3.8 percent levy on unearned gains.
Not a peep from Powell Jobs on what she plans to do with the stock - or with anything else. Active involvement with Apple and Disney is considered unlikely.