2) Jobs' Stake in Disney Is Twice As Big As His Slice of Apple
As a result of his Pixar sale, Steve Jobs owns 7.4% of Disney (DIS), or 138 million shares, worth roughly $4.5 billion. At the same time, his latest disclosed stake in Apple of 5.5 million shares, represents roughly 0.5% of the total float and is worth about $2.1 billion. His stake in Apple doesn't even make him a top 20 shareholder. In Disney, Jobs' is the top shareholder. His stake is way above Fidelity, Blackrock, State Street, and Vanguard which own chunks ranging from 3 to 4.5%.
Presumably, his involvement in the Walt Disney Company is significantly less than in Apple, so any pullback from his responsibility as a Disney board member would not affect Disney. But one just never know.
Zz.
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