I don't like the guy but you can't blame him for selling off some before the stock does go down.
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Apple CEO Tim Cook Sells Another $28.7 Million in Stock
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Well jeez I wonder why, Apple has to pay taxes in Ireland, he'll just buy it back once the stock drops.
Wow, people STILL claiming this means Cook thinks Apple is going down or the iPhone 7 is a flop.
Do you realize Cook still has another 2.1 million shares that will vest over the next 5 years? 280,000 each year for 1.4 million and another 700,000 due in 2021. This is all part of the share package he got in 2011 - at the time worth $376 million - but now worth significantly more (Apple share price today is about twice what it was when Cook got his package). By 2021 he could be sitting on close to a billion.
So the idea he's "cashing out" is complete rubbish. If Apple performs well for the next 5 years Cook is going to be rolling in dough. Even more than he already is. It's in his best interest to make sure Apple does well. To the tune of hundreds of millions of extra cash in his pocket.
Do you realize Cook still has another 2.1 million shares that will vest over the next 5 years? 280,000 each year for 1.4 million and another 700,000 due in 2021. This is all part of the share package he got in 2011 - at the time worth $376 million - but now worth significantly more (Apple share price today is about twice what it was when Cook got his package). By 2021 he could be sitting on close to a billion.
So the idea he's "cashing out" is complete rubbish. If Apple performs well for the next 5 years Cook is going to be rolling in dough. Even more than he already is. It's in his best interest to make sure Apple does well. To the tune of hundreds of millions of extra cash in his pocket.
You're joking right? Surely you're not suggesting that I'm trying to show off my legal expertise in pointing out that Tim Cook selling off stock in anticipation of a disappointing keynote would be a blatant act of insider trading, which, as the CEO of the most valuable company in the world, would be very difficult to do legally.
From the Fortune article about Cooks sale of shares:
"The timing of the sales was predetermined under what is known as a 10b5-1 plan, named after an SEC regulation that allows company insiders to avoid insider trading charges by setting up a schedule of sales in advance. Even if Apple had suffered from bad news this week causing its share price to fall, Cook still would have sold his shares under the 10b5-1 plan."
Can't get much more clear cut than this. Even when people in the other thread pointed out how the sales of these shares work, you still have people who refuse to believe 2+2=4 and will argue that it's actually 2+2=5. Interesting how the dislike of a company can cause people to lose the ability to reason or use basic common sense.
Sad to see many bashing the guy like he's burning his shares and running.
If you take into account the profit Apple is making, Tim salary and bonus is nothing. There is plenty of companies that pay horrendous amount of money to executives who give horrible results.
If you take into account the profit Apple is making, Tim salary and bonus is nothing. There is plenty of companies that pay horrendous amount of money to executives who give horrible results.
That is your opinion not that of the masses. I don't remember voting you as the official rep.
For me personally I always welcome camera improvements. I have some STUNNING 6S+ shots but there is always room for improvement. Colour reproduction, focus speed, focus points, sensor size. Photography is a joyful thing to me forever preserving a moment.
Also as for device speed until I don't have to wait for it to start up and all apps are instantaneous then there are rooms for improvement.
[doublepost=1472707547][/doublepost]As for Time jumping ship, some new blood wouldn't be a bad thing. He has made his mark with his social justice standing. That is his contribution to Apples legacy. Besides he ain't exactly a spring chicken, perhaps he thinks he has enough now he can retire happily maybe take a back seat at Apple?
Who knows all of this is pure speculation.
But he could as others have said be rebalancing his shares to offset costs incurred on his performance bonus.
[doublepost=1472707633][/doublepost]
We have it in the Uk with banks and retail companies and they are running themselves in to the ground.
What do you mean? He had something that wasn't money and exchanged it for money. That's a gain of money in my book. Stock isn't worth anything. Even Apple stock. It's a just an object like baseball cards or real estate. The supermarket doesn't take Apple stock for grapes, and Netflix won't let you use it to pay your subscription. The only thing worth $65 million US dollars is dollars issued by the US in the quantity of 65 million.
You do realise that the fight for privacy was taken advantage of by Apple as nothing more than a marketing stunt?
Yeah, he knows Apple came up short this time with the iPhone 7. Unless, he's aware of some major economic or geopolitical event that's coming that will cause all/most stocks to suffer badly (another recession perhaps)? This is the 2nd time in a very short period of time so something's definitely afoot.
You convinced me to buy a brand new Samsung Galaxy Note 7, with USB-C charging. Thank you. It's available in stores right now!
Yeah he knows the new iPhone will be a big flop, Apple watch is now thinner and last 0.5 day but you can now live stream your hearth rate while doing phone call => lies detector...
And yeah compared to Samsung, Tim will say, bye guys I get hired at Sammy.
Mic drop....
The crowd clapping like crazy thinking it seems a joke but no...
And yeah compared to Samsung, Tim will say, bye guys I get hired at Sammy.
Mic drop....
The crowd clapping like crazy thinking it seems a joke but no...
Yes I realize this is poor timing to someone who doesn't invest regularly, but these amounts don't scream "sell while you can", but rather something that was contractually agreed upon years ago, and potentially because we've heard TCook wants to be a major philanthropist. Remember, when Cook took over 5 years back, Jobs might have considered it was a temporary back seat he was taking. Moral of this story; cancer sucks. Sell your Apple stock and donate to find a cure for this awful disease.
He needs money to buy all the great stuff that will be announced next week 
While this makes perfect sense, it's the timing of his sale with regards to next week's keynote that has the conspiracy theorists out in full force. The perception that the iPhone 7 will be DOA is also not helping any.
Appreciated, but do you believe his motives in that regard were totally altruistic?