Apple Wiki
Advertisement
Apple Wiki

The "Woz Plan" was an alternative stock distribution plan organized by Apple Computer co-founder Steve Wozniak in which he offered up to US$10 million worth of his personal shares of AAPL to early "garage" employees who otherwise did not receive any stock in the company.[1][2]

Plan

An early Apple Computer stock certificate, privately issued in 1977 before going public.

After Steve Jobs and the Apple Board of Directors decided not to grant stock or stock options to staff who did not meet certain criteria, Wozniak offered forty of these early employees up to 2,000 shares each at $5 per share shortly after the company went public on December 12, 1980.[2][3] By January 2020, each share of AAPL had split 56-fold and would have been worth over $17,000.[4][5]

Participants

References

  1. When Steve Jobs Refused To Give Early Apple Employees Stock, Steve Wozniak Offered Them $10 Million Of His, by Alyson Shontell, Business Insider. 2014-09-05.
  2. 2.0 2.1 Steve Wozniak Is Not a Sidekick by Victor Luckerson. 2016-06-29.
  3. 3.0 3.1 3.2 3.3 3.4 "Jobs (2013)". History vs. Hollywood. Retrieved October 18, 2015.
  4. Stock FAQ, Apple Inc. Retrieved 2020-06-11.
  5. Historical Stock Price Lookup, Apple Inc. Retrieved 2020-06-11.
  6. 6.0 6.1 6.2 When Apple was still Apple Computer by Hervé Lebret, Start-Up. 2012-10-31.

See also

Advertisement