Apple CEO Tim Cook Sells $57.8M in Apple Stock

[Wags]

Tim’s probably worried that mac pro will have a lot of issues...so he’s planning to bail out.

Ya. Sell some before the his entire hardware lineup goes under if they all start having t2 chip

 

[PickUrPoison]

In the past, Cook has said that he plans to donate the majority of his fortune to charity. Cook last week donated almost $5 million worth of Apple stock to an unnamed charity.

Sure Cook donated $5 million to charity last week but he also donated $100 million in 2012. How soon we forget...

 

[alfonsog]

It seems you all would rather make 0 and pay no taxes than make 57.8 million and pay half in taxes...

 

[macdisciple]

Last weekend found an old document (early 2000s) from some stock trading entity that it was holding a single share of Apple stock in my name which had been purchased at $21/share. Apparently I never followed up to claim it. What would one share from 2000 be worth now? Any chance I could claim it now?

 

[IllIllIll]

Last weekend found an old document (early 2000s) from some stock trading entity that it was holding a single share of Apple stock in my name which had been purchased at $21/share. Apparently I never followed up to claim it. What would one share from 2000 be worth now? Any chance I could claim it now?

Well, AAPL split 2-for-1 in 2000 and 2005, and 7-for-1 in 2014, so you should have 28 shares today. At today's valuation of ~$227/share those shares are worth around $6350.

Long on AAPL since 2007, after all the splits I've got about 10000 shares today. This last month has been phenomenal.

 

[FreakinEurekan]

Absolutely. In California, it doesn’t take very much income to put someone into the top tax brackets. For a single person, that’s 37% federal + 13.8% state + 3.8% ObamaCare Net Investment Income Tax. Highway robbery.

Apparently you missed the part where he gets $57,800,000 to keep. Just this year. On top of his regular salary. So he gets as a "Bonus", after his "Highway Robbery" taxes, as much as 600 of his average employees earn in a full year.

Does he deserve it? ¯\_(ツ)_/¯ Maybe. But I don't feel sorry for his taxes.