7 comments

These comparisons with the 1997 worth of Jobs’ stock only make sense if using split-adjusted values. Given that the stock has split several times since 1997, for the stock to have been selling in 1997 at a *split-adjusted* value of $200/share would have meant that, at the time, it would have been selling for somewhere around $1,000 share… which I don’t believe. So the comparison, as stated, would seem to be totally bogus.

Paul Lustgarten, on January 8th, 2009 at 8:04 am

Hum, according to google finance AAPL share were selling at about $ in 1997…
The stock price reached $200 in 2007.

If he bought his 5.5 million shares in 1997 (which must not be the case) he actually made $500 million with these shares.

google finance, on January 8th, 2009 at 8:27 am

“When he returned to head Apple in 1997, the stock was selling at $200 per share”

No way this is true, more something like 40$, split adjusted

mungo, on January 8th, 2009 at 8:35 am

Just a very clumsily composed sentence, mate…

Should be:
After he returned to head Apple in 1997, the stock price reached a peak of $200 per share in early 2008, making Jobs’ shares worth more than $1 billion. However, the turbulent stock market led to a decline: yesterday Apple’s stock price was $91.01.

Bert Vanderveen, on January 8th, 2009 at 8:45 am

Actually, I remeber it at $10/share

JoeBloe, on January 8th, 2009 at 12:38 pm

Propss to Bert Vanderveen for making sense of the error, maybe Ed can correct his post?

Scott Siegling, on January 8th, 2009 at 2:39 pm

I’m not a stock market investor, but a simple Google Finance search will tell you that the stock price on July 9, 1997 (the day Steve Jobs returned as interim CEO) for AAPL was $3.42. Am I missing something obvious here? There have been two splits, both at a 2:1 ratio, one on 21-Jun-00 and one on 28-Feb-05, so the non-adjusted price would have been $13.68.

If I’m getting this wrong, let me know.
[http://finance.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1231362000000&chddm=1205163&q=NASDAQ:AAPL&ntsp=0]

Michael, on January 8th, 2009 at 10:44 pm