This is his perspective on those years as founder of Lucasfilm, the company that would presumably sell Pixar to Steve Jobs. I’d like to report the story told by Alvy Ray Smith on his blog. That is the conventional story that praises the genius Jobs. I covered in “ Who Owns Apple” how Jobs used those stocks to purchase Pixar.Īnd with his genius, Steve Jobs made Pixar among the most innovative companies in the world until Disney acquired it. When Jobs was ousted, he didn’t take it “sportingly,” and he sold all of his stocks Apple back then. That was mainly due to the lack of success of his last product and the fact the company needed to take action to avoid consequences on the bottom line. In 1985 Steve Jobs was ousted from Apple. However, as of 2018, those stocks were soldĮveryone knows Steve Jobs’ story. This number is shown in the Disney Proxy Statement for 2016. Until 2016, Laurene Powell Jobs Trust owned 7.8% of Disney: It is interesting to revisit the story of how Steve Jobs owned almost 8% of the company for a few years. Why did Steve Jobs use to own Disney stocks?Īs The Walt Disney Company was founded in 1923, it also had a long history of stock ownership. What about the past? Let’s revisit the history of Disney stock ownership over the years. Thus, they also have a good chunk of ownership in Disney. These mutual funds own a good chunk of most public companies with large market caps.
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