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Who is the largest shareholder of Disney stock now?

thomas998

Well-Known Member

Technically speaking she doesn't own any of those shares. The share that Jobs received are in a trust that holds 130,613,785 shares, the trust was set up for the benefit of Laurene Jobs... whether she actually controls those shares or not is another story altogether. Unless you have direct knowledge of the way the trust was setup you will never know if the recipient of the benefit has any control in the underlying assets or not. I've known of some people that were beneficiaries of trust that had no control whatsoever of the assets within the trust, they simply received a monetary payment on an annual basis but the assets in the trust were controlled by a bank in one instance and in another it was a guy that had been the personal accountant for the individual that set the trust up before he died. So the article is a bit misleading.
 

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