New Apple Board Member Bob Iger Buys $1M In AAPL Shares

[MacRumors]

Newly appointed Apple board member and Disney president and CEO Bob Iger purchased 2,670 shares of Apple stock on the open market, according to a filing with the SEC. The average purchase price of the shares was roughly $375, valuing the purchase at $1,001,250.

The large open-market purchase shows Iger's faith in the future of Apple. When he was appointed director, Iger was awarded 142 restricted stock units, or RSU's, which vest into AAPL shares in February of 2012. His wife holds 75 shares of Apple from before he was appointed director.

Non-employee Apple board members are typically paid $50,000 per year in compensation for their time, plus an annual stock award in the form of RSU's.

While a nice perk, Iger's pay as an Apple director is small change. His compensation package from Disney totaled more than $29.5 million dollars in 2010.

Article Link: New Apple Board Member Bob Iger Buys $1M In AAPL Shares

 

[koobcamuk]

"small change"

The idea that $1M is small change is ludicrous.

He is the 1%.

 

[QCassidy352]

"small change"

The idea that $29M is small change is ludicrous.

He is the 1%.

you misread that. It says the compensation from Apple is small change *compared* to the $29M he gets from Disney. Yes he's still the "1%," but it's not saying $29M is small change.

 

[OrangeSVTguy]

Imagine if he had bought $1m worth of shares 10 years ago!

 

[srxtr]

Imagine if he had bought $1m worth of shares 10 years ago!

Oh my

 

[jordanjclay]

"small change"

The idea that $29M is small change is ludicrous.

He is the 1%.

Step 1: Learn to read
Step 2: apply recently learned skill
Step 3: contemplate what was read
Step 4: refrain from posting asinine comments

 

[eject]

I would say that he knows something that we don't fully. He is a new board member and will have a huge insight into what Apple are doing with regards to Media partnership and licensing deals with Apple TV. Apple TV and the living room takeover is going to be huge... So lets see what his investment will be like in 10 years time, its all relative, the time is now.

 

[slrandall]

In before all the "1%" haters arrive

Almost made it, haha.

Why do people hate on those who are successful?

 

[tkermit]

So he invested less than 3% of what he makes in a year? That somehow fails to impress me...

 

[firestarter]

I would say that he knows something that we don't fully. He is a new board member and will have a huge insight into what Apple are doing with regards to Media partnership and licensing deals with Apple TV. Apple TV and the living room takeover is going to be huge... So lets see what his investment will be like in 10 years time, its all relative, the time is now.

No... $1M isn't a serious amount for a guy like that.

He's just being friendly and showing he has some 'skin in the game'. It enhances his credibility amongst other board members, and the shareholders.

 

[hobo.hopkins]

No... $1M isn't a serious amount for a guy like that.

He's just being friendly and showing he has some 'skin in the game'. It enhances his credibility amongst other board members, and the shareholders.

Exactly, this is nothing but a good thing. He has some of his own money (even though it is comparatively small) invested in Apple, so is offered even more of an incentive to improve the company.

 

[Biscuit411]

Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_2_1 like Mac OS X; en-us) AppleWebKit/533.17.9 (KHTML, like Gecko) Version/5.0.2 Mobile/8C148 Safari/6533.18.5)

In before all the "1%" haters arrive

Almost made it, haha.

Why do people hate on those who are successful?

Yeah, he's also the 1% that run a billion dollar company and sit on the board at Apple.

 

[plumosa]

I have no concept of having that kind of money. I just recently brought myself out of debt and am no longer living paycheck to paycheck--I even have a small, but growing savings account. All the same, I will probably never have anything more than a comfortable cushion for when things go wrong.


What do you do with it after you've bought a nice house and car? $29M is a lot of money. Buy an island?

 

[tylerk36]

You gotta feel sorry for Bob Iger. He bought 1 million shares of Apple. HE must be struggling financially. You thought he would have bought 2 million. LOL.

 

[HowieR32]

So he invested less than 3% of what he makes in a year? That somehow fails to impress me...

Because you have assumed that he ONLY invests in AAPL shares. But I get your sarcasm, even though it missed its point.

 

[tkermit]

$29M is a lot of money.

But not even enough to buy a Gulfstream V for example...

 

[poblack]

I think there is a limit of shares you can buy at one time in the open market..Hence the $1M investment. He will probably accumulate more over time.

 

[Peace]

Wow. This could be construed as insider trading. Let's hope not.

 

[Mitchryan]

Wirelessly posted (Mozilla/5.0 (iPhone; CPU iPhone OS 5_0_1 like Mac OS X) AppleWebKit/534.46 (KHTML, like Gecko) Version/5.1 Mobile/9A405 Safari/7534.48.3)

He looks like such a square. That's ok, most people would say that about Tim Cook too.

 

[HowieR32]

Step 1: Learn to read
Step 2: apply recently learned skill
Step 3: contemplate what was read
Step 4: refrain from posting asinine comments

That observation is now something I'm noticing more often!

There is a new breed who have evolved from being able to bypass the control mechanism that regulates crap from their frontal lobe to their tongue; now being able to bypass that same mechanism to their fingers... Amazing!

 

[snebes]

But not even enough to buy a Gulfstream V for example...

I'm sure he can find a used IV for sale.

 

[Michael Scrip]

But not even enough to buy a Gulfstream V for example...

Why buy?

http://www.netjets.com/default.asp

 

[toddybody]

So thats like, what... 5 shares?

 

[Shrink]

That observation is now something I'm noticing more often!

There is a new breed who have evolved from being able to bypass the control mechanism that regulates crap from their frontal lobe to their tongue; now being able to bypass that same mechanism to their fingers... Amazing!

Perhaps we should all check with you before we post to make sure our uncontrolled and unregulated thoughts meet your standard of excellence.

Apparently many of us do not meet that standard...

 

[Mal]

In before all the "1%" haters arrive

Too late.

jW