In the 14 years since Jobs regained control of his company in the summer of 1997 after a long, bitter exile, Apple shares have increased a stunning 110-fold. Having surpassed rival Microsoft a year ago, Apple’s $350 billion in market capitalization places it behind only ExxonMobil as the most valuable company in the world. Apple has made money so quickly and so prodigiously that it holds an outrageous $76 billion in cash and investments—an awesome sum thought to be parked in an obscure subsidiary, Braeburn Capital, located across the California border in Reno because the state of Nevada doesn’t have corporate or capital-gains taxes.