Um, let's see ... The stock has split a total of 96 for one since 1960 or '61
. So, if Michael had kept his stock, worth $6300 when he got it, he would now have 8640 shares, worth $117,638 dollars as of Friday's close. And that's not counting the steady dividend he would have been receiving in the meantime (currently, his investment would be paying about $4838/yr in dividends, which is an annual yield of about 77% on his original cost).
Typo. That should be $177,638.