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	<title>Comments on: What have all the rich Apple and Pixar folks done with their money?</title>
	<atom:link href="http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-folks-done-with-their-money/feed/" rel="self" type="application/rss+xml" />
	<link>http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-folks-done-with-their-money/</link>
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		<title>By: Charles E Flynn</title>
		<link>http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-folks-done-with-their-money/comment-page-1/#comment-16372</link>
		<dc:creator>Charles E Flynn</dc:creator>
		<pubDate>Tue, 31 Oct 2006 05:40:37 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-#comment-16372</guid>
		<description>I do not know where he said it, but Steve Jobs is on record as having said that it is harder to give away a dollar without doing harm than it is to earn one. When he retires from Apple and Pixar, he plans to do something just as innovative with philanthropy.</description>
		<content:encoded><![CDATA[<p>I do not know where he said it, but Steve Jobs is on record as having said that it is harder to give away a dollar without doing harm than it is to earn one. When he retires from Apple and Pixar, he plans to do something just as innovative with philanthropy.</p>
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		<title>By: Paul G</title>
		<link>http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-folks-done-with-their-money/comment-page-1/#comment-16093</link>
		<dc:creator>Paul G</dc:creator>
		<pubDate>Thu, 26 Oct 2006 19:08:25 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-#comment-16093</guid>
		<description>Oh yeah...  how could I forget...

4. Committment to the end user experience above the quick and easy profit.  The software is engineered to work reliably and intuitively.   Apple was among the first to adopt standards of interface design because protecting the user&#039;s time and creations was given a high value.   This was rarely my experience with MS, where the user experience almost always seemed subordinate to extraneous corporate and industry-centric values.</description>
		<content:encoded><![CDATA[<p>Oh yeah&#8230;  how could I forget&#8230;</p>
<p>4. Committment to the end user experience above the quick and easy profit.  The software is engineered to work reliably and intuitively.   Apple was among the first to adopt standards of interface design because protecting the user&#8217;s time and creations was given a high value.   This was rarely my experience with MS, where the user experience almost always seemed subordinate to extraneous corporate and industry-centric values.</p>
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		<title>By: Paul G</title>
		<link>http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-folks-done-with-their-money/comment-page-1/#comment-16091</link>
		<dc:creator>Paul G</dc:creator>
		<pubDate>Thu, 26 Oct 2006 18:09:59 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-#comment-16091</guid>
		<description>There&#039;s another angle to the whole wealth and charity issue that is being completely missed here, I believe.

MS, in it&#039;s day to day operations and policies were far from what anyone would ever consider charitable.  They were brutal abusive monopolists in practice, wrenching as much power and control as they could (illegally, it was proven) and employing what no one would describe as ethical practices.  So, from the angle of world outlook and philosophy, it appears that Bill&#039;s corporate policies and charitable endeavors never intersected.  Isn&#039;t that odd?  Steal, scratch and bite every last penny while making the customer suffer?  Then turn around and act like Mother Teresa?  That seems very strange to me.  I don&#039;t want to knock his foundation, which is doing good, but this is about Bill&#039;s legacy, in large part.  His only corporate goal was to win by any means necessary, and now that his company has no where to grow, he&#039;s leaving the sinking ship and patching his damaged image.   I think there is some truth to that.  

Now...  look at Steve Jobs and Apple.  This is a vastly different dynamic philosophically.  Is there the same division between corporate success and social responsibility at Apple as there was with MS?   I don&#039;t see it.  Here are some concrete examples:
 
1. Apple used it&#039;s considerably valuable website home page to:
   - Acknowledge the contributions  of important civil rights leaders
   - Acknowledge the contributions of accomplished musicians, scientists, 
     women, etc
   - Raise money for the victims of the tsunami and hurricane Katrina
 
    it is worth noting that this was not a common practice at the time they
    began doing this, and this leadership position has since had an influence 
    on other corporatations.   Who gets the attention for this philanthropic 
    gesture? How can we measure the social and cultural value of this action?

2. Apple&#039;s products have historically served to empower average people to 
    express themselves creatively and contribute positively to the world.  Today,
    Apple&#039;s products are serving to help break down the lock that   
    concentrated wealth and power has over the mainstream media and re-introduce
    democracy and dialogue into the social discourse by leveling the playing field in
    the news, information, music, entertainment, etc.  What is the value of this
    contribution?  Does it not have a social significance that we are not giving 
    proper credit to?   Would the same kind of cultural landscape be possible if 
    Apple had gone under and MicroSoft was left as the only significant force in  
    computing?

3. Recently, Apple has allied with [Product] Red to fight AIDS in Africa.  Yes, it will   
    sell a lot of iPods, but it also gives incredible visibility to a problem that most 
    Americans don&#039;t seem to care about.  What is the value of this action? 

There may be more examples of this melding of business objectives and liberal democratic values in the case of Apple, but these are the ones that stand out to me.  Who is to say what Steve will do with his wealth after his corporate leadership days are over?   In the meantime, he is doing something with his power and influence now through integrating the 2.   Steve&#039;s world is not fragmented like Bill&#039;s is.  The fact that this sensibility is also present in the integration of the products he helps to develop speaks volumes of the breadth of this approach to life.  

Paul G</description>
		<content:encoded><![CDATA[<p>There&#8217;s another angle to the whole wealth and charity issue that is being completely missed here, I believe.</p>
<p>MS, in it&#8217;s day to day operations and policies were far from what anyone would ever consider charitable.  They were brutal abusive monopolists in practice, wrenching as much power and control as they could (illegally, it was proven) and employing what no one would describe as ethical practices.  So, from the angle of world outlook and philosophy, it appears that Bill&#8217;s corporate policies and charitable endeavors never intersected.  Isn&#8217;t that odd?  Steal, scratch and bite every last penny while making the customer suffer?  Then turn around and act like Mother Teresa?  That seems very strange to me.  I don&#8217;t want to knock his foundation, which is doing good, but this is about Bill&#8217;s legacy, in large part.  His only corporate goal was to win by any means necessary, and now that his company has no where to grow, he&#8217;s leaving the sinking ship and patching his damaged image.   I think there is some truth to that.  </p>
<p>Now&#8230;  look at Steve Jobs and Apple.  This is a vastly different dynamic philosophically.  Is there the same division between corporate success and social responsibility at Apple as there was with MS?   I don&#8217;t see it.  Here are some concrete examples:</p>
<p>1. Apple used it&#8217;s considerably valuable website home page to:<br />
   &#8211; Acknowledge the contributions  of important civil rights leaders<br />
   &#8211; Acknowledge the contributions of accomplished musicians, scientists,<br />
     women, etc<br />
   &#8211; Raise money for the victims of the tsunami and hurricane Katrina</p>
<p>    it is worth noting that this was not a common practice at the time they<br />
    began doing this, and this leadership position has since had an influence<br />
    on other corporatations.   Who gets the attention for this philanthropic<br />
    gesture? How can we measure the social and cultural value of this action?</p>
<p>2. Apple&#8217;s products have historically served to empower average people to<br />
    express themselves creatively and contribute positively to the world.  Today,<br />
    Apple&#8217;s products are serving to help break down the lock that<br />
    concentrated wealth and power has over the mainstream media and re-introduce<br />
    democracy and dialogue into the social discourse by leveling the playing field in<br />
    the news, information, music, entertainment, etc.  What is the value of this<br />
    contribution?  Does it not have a social significance that we are not giving<br />
    proper credit to?   Would the same kind of cultural landscape be possible if<br />
    Apple had gone under and MicroSoft was left as the only significant force in<br />
    computing?</p>
<p>3. Recently, Apple has allied with [Product] Red to fight AIDS in Africa.  Yes, it will<br />
    sell a lot of iPods, but it also gives incredible visibility to a problem that most<br />
    Americans don&#8217;t seem to care about.  What is the value of this action? </p>
<p>There may be more examples of this melding of business objectives and liberal democratic values in the case of Apple, but these are the ones that stand out to me.  Who is to say what Steve will do with his wealth after his corporate leadership days are over?   In the meantime, he is doing something with his power and influence now through integrating the 2.   Steve&#8217;s world is not fragmented like Bill&#8217;s is.  The fact that this sensibility is also present in the integration of the products he helps to develop speaks volumes of the breadth of this approach to life.  </p>
<p>Paul G</p>
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		<title>By: Mark</title>
		<link>http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-folks-done-with-their-money/comment-page-1/#comment-16062</link>
		<dc:creator>Mark</dc:creator>
		<pubDate>Thu, 26 Oct 2006 09:39:51 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-#comment-16062</guid>
		<description>Adding to Glen&#039;s list, Apple and Netscape alumni founded the short-lived Eazel, which tried to put an Macintosh-level, slick GUI on Linux over X Windows, in an open source project. They got funded before anyone asked what the business model was (consulting services, apparently).</description>
		<content:encoded><![CDATA[<p>Adding to Glen&#8217;s list, Apple and Netscape alumni founded the short-lived Eazel, which tried to put an Macintosh-level, slick GUI on Linux over X Windows, in an open source project. They got funded before anyone asked what the business model was (consulting services, apparently).</p>
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		<title>By: patrickg</title>
		<link>http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-folks-done-with-their-money/comment-page-1/#comment-16043</link>
		<dc:creator>patrickg</dc:creator>
		<pubDate>Thu, 26 Oct 2006 04:11:58 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-#comment-16043</guid>
		<description>Who else aside from Jobs and Woz made any serious cash?  Some VCs like Markkula I think.

The creators of the Mac went on to other pursuits (NeXT, General Magic, Nautilus) and some ended up back at Apple after a while (Bud Tribble went to NeXT then came back to Apple during the reverse takeover).  

John Lassiter and Ed Catmull are  still at Pixar, creating great movies and advancing the state of the art in computer animation.

In some respects it is fitting that Gates&#039; ill-gotten billions from his crappy OS and applications, be squandered on African projects that will accomplish nothing.  

If you really want to change Africa, hire the French Foreign Legion, take over some god-forsaken jungle in Africa, then offer strong property rights and relatively corruption-free government, along with a decent police force.  Build a massive wall around the area first, because colony or no, people from all over the continent will be trying to get in.  That will soak up the first $10 Billion right there and actually give you the chance to seriously improve the life of some 50,000 to 100,000 people right there.</description>
		<content:encoded><![CDATA[<p>Who else aside from Jobs and Woz made any serious cash?  Some VCs like Markkula I think.</p>
<p>The creators of the Mac went on to other pursuits (NeXT, General Magic, Nautilus) and some ended up back at Apple after a while (Bud Tribble went to NeXT then came back to Apple during the reverse takeover).  </p>
<p>John Lassiter and Ed Catmull are  still at Pixar, creating great movies and advancing the state of the art in computer animation.</p>
<p>In some respects it is fitting that Gates&#8217; ill-gotten billions from his crappy OS and applications, be squandered on African projects that will accomplish nothing.  </p>
<p>If you really want to change Africa, hire the French Foreign Legion, take over some god-forsaken jungle in Africa, then offer strong property rights and relatively corruption-free government, along with a decent police force.  Build a massive wall around the area first, because colony or no, people from all over the continent will be trying to get in.  That will soak up the first $10 Billion right there and actually give you the chance to seriously improve the life of some 50,000 to 100,000 people right there.</p>
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		<title>By: mzungu</title>
		<link>http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-folks-done-with-their-money/comment-page-1/#comment-15979</link>
		<dc:creator>mzungu</dc:creator>
		<pubDate>Wed, 25 Oct 2006 08:17:13 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-#comment-15979</guid>
		<description>Perhaps Steve Jobs simply wants to be a tasteful billionaire, with a nice house, and a car, and re-distributing his good fortune by giving his gardener a holiday bonus. A tried but true classy lifestyle, much easier to stomach than a trampoline room for burning off excess autism and wasting even more billions on the embarrassing financial spectacle that is aid to africa.</description>
		<content:encoded><![CDATA[<p>Perhaps Steve Jobs simply wants to be a tasteful billionaire, with a nice house, and a car, and re-distributing his good fortune by giving his gardener a holiday bonus. A tried but true classy lifestyle, much easier to stomach than a trampoline room for burning off excess autism and wasting even more billions on the embarrassing financial spectacle that is aid to africa.</p>
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		<title>By: Glen Raphael</title>
		<link>http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-folks-done-with-their-money/comment-page-1/#comment-15953</link>
		<dc:creator>Glen Raphael</dc:creator>
		<pubDate>Tue, 24 Oct 2006 23:24:03 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-#comment-15953</guid>
		<description>Apple has a thriving add-on market and quite often buys up the most popular system add-ons to build into the next revision of the OS or into their application bundle. The latest high-profile example is &lt;a href=&quot;http://www.steelskies.com/coverflow/&quot; rel=&quot;nofollow&quot;&gt;coverflow&lt;/a&gt;, which started out as an iTunes plugin. Or, heck, iTunes &lt;a href=&quot;http://panic.com/extras/audionstory/&quot; rel=&quot;nofollow&quot;&gt;itself&lt;/a&gt;.

Microsoft does the same thing, but I&#039;m not a PC guy so I can&#039;t think of any specific examples.

Quite a few Apple alumni went on to create the next great new thing, whatever they thought that might be. In the mid &#039;90s it was PDAs, so Apple alums Bill Atkinson and Andy Hertzfeld created General Magic, Steve Capps created the Newton, and other Apple refugees created the Palm Pilot.</description>
		<content:encoded><![CDATA[<p>Apple has a thriving add-on market and quite often buys up the most popular system add-ons to build into the next revision of the OS or into their application bundle. The latest high-profile example is <a href="http://www.steelskies.com/coverflow/" rel="nofollow">coverflow</a>, which started out as an iTunes plugin. Or, heck, iTunes <a href="http://panic.com/extras/audionstory/" rel="nofollow">itself</a>.</p>
<p>Microsoft does the same thing, but I&#8217;m not a PC guy so I can&#8217;t think of any specific examples.</p>
<p>Quite a few Apple alumni went on to create the next great new thing, whatever they thought that might be. In the mid &#8217;90s it was PDAs, so Apple alums Bill Atkinson and Andy Hertzfeld created General Magic, Steve Capps created the Newton, and other Apple refugees created the Palm Pilot.</p>
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		<title>By: J. Peterman</title>
		<link>http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-folks-done-with-their-money/comment-page-1/#comment-15944</link>
		<dc:creator>J. Peterman</dc:creator>
		<pubDate>Tue, 24 Oct 2006 21:59:24 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-#comment-15944</guid>
		<description>&lt;I&gt;According to this irrefutable
source, Jobs donated $26,700 to the Democratic Party just a few months ago.&lt;/I&gt;

&lt;P&gt;
Actually, you only uncovered approximately 10% of Jobs&#039; &lt;a HREF=&quot;http://www.newsmeat.com/billionaire_political_donations/Steve_Jobs.php&quot; rel=&quot;nofollow&quot;&gt;campaign contributions to Democrats&lt;/A&gt;.</description>
		<content:encoded><![CDATA[<p><i>According to this irrefutable<br />
source, Jobs donated $26,700 to the Democratic Party just a few months ago.</i></p>
<p>
Actually, you only uncovered approximately 10% of Jobs&#8217; <a HREF="http://www.newsmeat.com/billionaire_political_donations/Steve_Jobs.php" rel="nofollow">campaign contributions to Democrats</a>.</p>
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		<title>By: TC</title>
		<link>http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-folks-done-with-their-money/comment-page-1/#comment-15939</link>
		<dc:creator>TC</dc:creator>
		<pubDate>Tue, 24 Oct 2006 21:00:42 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-#comment-15939</guid>
		<description>It&#039;s not about Apple. Jobs has $4 billion of Disney stock stemming from the Pixar sale. &lt;a href=&quot;http://www.forbes.com/lists/2006/54/biz_06rich400_Steven-Paul-Jobs_HEDB.html&quot; rel=&quot;nofollow&quot;&gt;Forbes 400&lt;/a&gt; puts him at $4.9 billion. Plenty of money to give away.</description>
		<content:encoded><![CDATA[<p>It&#8217;s not about Apple. Jobs has $4 billion of Disney stock stemming from the Pixar sale. <a href="http://www.forbes.com/lists/2006/54/biz_06rich400_Steven-Paul-Jobs_HEDB.html" rel="nofollow">Forbes 400</a> puts him at $4.9 billion. Plenty of money to give away.</p>
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		<title>By: SH</title>
		<link>http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-folks-done-with-their-money/comment-page-1/#comment-15932</link>
		<dc:creator>SH</dc:creator>
		<pubDate>Tue, 24 Oct 2006 19:34:50 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.law.harvard.edu/philg/2006/10/23/what-have-all-the-rich-apple-and-pixar-#comment-15932</guid>
		<description>Before the Disney/Pixar buyout, Steve Jobs was the only one with any significant holdings in Pixar.  He held about 60 million shares prior to the merger (just short of 50%), while the next closest holder held about 500,000.  Now Steve Jobs beneficially owns about 15% of Walt Disney&#039;s outstanding common stock (worth about $4,000,000,000), not to mention his Apple Computer holdings (about 5.5 million shares or 0.6% at $81.28/share=$441,061,937.28, plus 120,000 options worth about $5,600,000).  That puts the significant portion of his wealth at somewhere around $4,445,000,000.28.

Basically of the Pixar crowd, Jobs is the only one that&#039;s anywhere near Gates/Buffet.</description>
		<content:encoded><![CDATA[<p>Before the Disney/Pixar buyout, Steve Jobs was the only one with any significant holdings in Pixar.  He held about 60 million shares prior to the merger (just short of 50%), while the next closest holder held about 500,000.  Now Steve Jobs beneficially owns about 15% of Walt Disney&#8217;s outstanding common stock (worth about $4,000,000,000), not to mention his Apple Computer holdings (about 5.5 million shares or 0.6% at $81.28/share=$441,061,937.28, plus 120,000 options worth about $5,600,000).  That puts the significant portion of his wealth at somewhere around $4,445,000,000.28.</p>
<p>Basically of the Pixar crowd, Jobs is the only one that&#8217;s anywhere near Gates/Buffet.</p>
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