Friday, August 26, 2011

Steve Jobs and Disney

With the resignation of Steve Jobs as Apple CEO, the question now for us Disney fans (and bloggers) is his future with the Walt Disney Company. As a Disney Board member, a big point to note is that Steve Jobs holds a larger stake in Disney than he does in Apple!

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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