Here’s one very interesting article I read today:
Can someone please help the state of California find Steve Jobs?
State Controller John Chiang is holding $443.81 in insurance payments and other funds that belong to the Apple chieftain – plus three shares of IBM and one share of Time Warner in his name.
The state has addresses for Jobs in Palo Alto and Woodside. Yet California still can’t manage to reunite him with his money.
It might help if the controller’s office could locate Apple, which is also owed money. It can’t. Maybe that Infinite Loop address in Cupertino throws the state computers into a tizzy.
Except California can’t find Yahoo, Hewlett-Packard, Oracle, Cisco Systems or Seagate Technology, either. Venture capitalist Vinod Khosla, Yahoo Chairman Terry Semel, former investment banker Frank Quattrone and Oracle Chief Executive Larry Ellison are also apparently untraceable. The state is holding money for all of them.
Apparently these entities / people are owed money by the state but the main reason ‘the owners stay “lost” is that until summer this year, a lot of California leaders didn’t really want to give the money back. As long as the rightful owners couldn’t be found, the state got to spend their money.’
However, in the state’s defense, the companies that were originally supposed to pay out this money did a pretty lousy job finding the owners, too.
Cisco couldn’t find its recently retired chairman, John Morgridge, to repay him $136.90. (Cisco said it will now help Morgridge file the paperwork with the state to get his money back.) FedEx, which owes Cisco money, couldn’t find the company’s North San Jose headquarters, which sort of makes you worry about any packages you send there. In all, Cisco headquarters is owed more than $160,000 by various vendors.
And remember that money the state owes Steve Jobs? $37.91 of it came from Apple, which somehow couldn’t deliver a simple check to its CEO. Maybe he was too busy inventing stuff to check his snail mail. (Apple had no comment.)