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When The Apple Runs The Mouse

Sat, 07/01/2006 - 12:30pm — captain nemo (not verified)

Guess who now owns* ABC-TV and related media properties?

*Okay, my grasp of corporate structure is a little shaky but I do realize "ownership of the largest block of stock" is not really quite the same as "owning the company" much less being able to control everything they do. This is still pretty interesting though. Read on for the answer....

Steve Jobs. Yup, Pal o' Al (Gore) Steve. I had heard about this transaction but didn't realize it was this big:

Jobs has a history of declining compensation for board service and has taken token salaries as CEO at Apple and at Pixar Animation Studios, where he was chairman and CEO before Disney bought the company earlier this year.

Instead, Jobs has taken stock options or large ownership positions in his companies. [snip]

Jobs joined Disney's board in May after Disney bought Pixar. Jobs became Disney's largest shareholder with 138 million shares, which valued his stake at $3.9 billion when the deal closed.

Hmmm. Veddddy eeeenteresting indeed, don'tcha think? It shall be intriguing to see what he does with whatever this level of ownership brings in the way of clout. I know what Richard Scaife would do in this position, let's put it that way.

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