When George Steinbrenner died of a massive heart attack this week in Florida, he managed to save his family about $500M and stiff the government on the estate tax that had expired in January and will likely return in 2011.
The savings will allow the family to retain their interest in the Yankee's parent company.
The turmoil of selling their stake would undoubtedly cost some folks their jobs and prevented the family from retaining or adding employees outside of the sports business.
Way to go George!
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