1. OUTSTANDING BALANCE

    Steve Jobs’s Yacht Impounded

    Ed Oudenaarden/AFP/Getty

    It’s only fitting that Steve Jobs’s personally designed yacht would be described as “showing the elegance of intelligence.” Unfortunately, the Apple CEO passed away before his high-tech boat ever went to sea. Even more unfortunate for his family, the yacht’s designer, Philippe Starck, is now claiming that they owe him an outstanding €3 million for the project. He’s called the debt collectors and had the yacht impounded in the Port of Amsterdam. Jobs commissioned Starck, known for such designs as a spaceship-shaped aluminum lemon squeezer, to create his minimalist yacht named Venus. The two worked on it together for five years, and as Stark’s lawyer explained, “These guys trusted each other, so there wasn’t a very detailed contract.”

    Read it at BBC