Million-Dollar Apps

San Diego County supervisor Dianne Jacob has been busy trading stock and options in high-flying Apple, Inc., according to her recently filed personal economic interest report. On January 19 of last year, the supervisor unloaded stock in the iPad maker valued at between $100,000 and $1 million. Then, on February 4, she picked up options on Apple stock worth between $100,000 and $1 million, disposing of them on September 20. Finally, on September 30, she bought more Apple options worth between $10,000 and $100,000. On the comment line at the bottom of the page of the disclosure form, Jacob wrote, “acquired additional Apple options 03/16/2011.”

Besides the Cupertino computer maker, the supervisor’s largest holdings included between $10,000 and $100,000 in San Diego’s Qualcomm, Inc. She sold stock worth between $100,000 and $1 million in IBM on July 16 and had a stake in Amgen, the big pharmaceutical company, valued in the same range. Among her smaller investments, on February 23, Jacob acquired between $2000 and $10,000 of stock in NRG Energy, the giant public utility that owns the controversial Encina Power Station in Carlsbad…Ex–San Diego Republican city councilman and homeless advocate for hire Brian Maienschein lent his state assembly campaign $10,000 on March 13. That’s in addition to the $50,000 he kicked in to the effort last Christmas Eve.

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What is the source of Supervisor Dianne Jacobs wealth? I mean, the money that bought Apple and IBM and Qualcomm stocks?

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