Why Steve Jobs's widow should sell Apple and Disney stock

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.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
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