Apple CEO Jobs exercises options
From Times Wire Services
According to a regulatory filing, Apple Inc. Chief Executive Steve Jobs exercised options to buy 120,000 shares for $5.75 each and may reap a potential profit of $13.7 million.
The Cupertino, Calif.-based company gave Jobs the options under a 1997 plan. Jobs hasn’t sold the shares and has no plans to do so at this time, Apple said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
