[af_vet_rr]

Not stock options. Apple gave Xerox one million shares of pre-IPO Apple common stock worth $7 per share. They gave them an interest in the company! Xerox became an owner of Apple! They sold those shares after the IPO for about $16 million.

I remember hearing from somebody who worked at Xerox in those days about how Xerox should have held on to that stock for a while. Anybody know what that stock would be worth now?

I know of at least two Apple stock splits, so just with those, Xerox's shares could be worth over a billion and a half dollars.

[Swordmaker]

I remember hearing from somebody who worked at Xerox in those days about how Xerox should have held on to that stock for a while. Anybody know what that stock would be worth now?

IIRC, there have been three splits since the IPO, so those original 1 million shares would be 8 million times ~$400 a share or about $3.2 billion.