Steve Jobs lost $10.3B on options swap in 2003

http://s.wsj.net/media/swf/main.swf

When it comes to technology decisions, the man is money…But when it comes to financial decisions, at least one big one after the dot com bust in 2003, Apple CEO Steve Jobs is anything but.

According to Marketwatch, Jobs and other Apple employees traded far riskier options in for safer ones that would be more likely to yield profits.

The cost of the swap in today’s money?  $10.3 Billion.  Ouchy.

Let’s keep in mind that the reason that those options were so valuable was because Jobs brought Apple back from the brink to its current prosperity.  So the better he did, the more he ‘lost’.