meehawl

all that is solid melts into air, all that is holy is profaned

Biting the Apple

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Several Apple executives were granted options on July 11, two days after Amelio’s departure was announced. So began [Steve] Jobs’ term as interim CEO, the earliest phases of which were marked by substantial uncertainty, rumors of buyouts, and questions concerning Apple’s long-term viability … One huge batch – options on 10 million shares – was granted to [Steve Jobs] on Jan. 12, 2000, when the stock was at $87.19. The very next day, an upgrade by a Morgan Stanley analyst boosted the stock to $96.75 and $106.60 by Jan. 19, giving Jobs a paper profit of $194 million over the course of a week.

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