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Apple CEO Tim Cook Sells Another $28.7 Million in Stock
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Cool enough for the complainers?
Thanks for explaining. I wasn't sure why Cook was cashing out. I do wonder how long he will reign as CEO.
This is basically it right there. Unfortunately won't change anything for those that don't really care about reality or just wish to ignore it (for one reason or another, or no reason at all).
LOL! so a bunch of people here are convinced that he's selling the stock because he thinks the new products will flop...the CEO of a company dumping the stock because he feels a product will flop due to some new feature instead of not implementing the feature and stocks rising!! Common sense people 
He's trash because he's trying to spin the story of tax avoidance into one where Apple isn't guilty of manipulating their taxes
Okay. So explain why he won't use one?
"Edward never uses an IPhone, he's got a simple phone… The iPhone has special software that can activate itself without the owner, having to press a button and gather information about him, that's why on security grounds he refused to have this phone," Anatoly Kucherena told RIA Novosti."
Just because A bunch of arm chair security experts on Mac Rumors say its not true... doesn't make it not true. If a security expert can't see the original source code....how is he really going to know? That sort of praise is just more Apple hero worship from people drinking the Kool-Aid. Apple is listed as being involved, that was all I needed to know. It even has a date. The iPhone is not 100% secure, that is a fact. If it were, there wouldn't be software updates for security or jailbreaks. iCloud is not 100% secure. All it takes is a listening device on the WAN side to get data. It doesn't take much to track and learn about people. If you think you can back up your claims...prove it with something other than "look on the forum". I at least provided you a link.
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It's very typical to give a CEO stock that is restricted to performance, time, and goals. I am sure he is following the advice of the CFO and his accountant for proper distribution. It looks like he took a nice chunk and is riding the rest out. He may continue to sell smaller lots over the next few years. He won't dump them like Steve because that would destroy the stock in hours(potentially). People panic easy on Wall Street. When the CEO sells off large amounts of shares, it is never a good sign. I don't think here it is a really large amount. But it is very interesting that he isn't confident in the value increase to keep it all there. Take a few million sure, but his numbers are a bit large. But I think he has something going on. Maybe a cause he wants to help....or something. Maybe he wants to get political. You need $ to do that. I suspect he won't be there longer than 10 years more. But who knows.
Yes Sir!
http://appleinsider.com/articles/15...ple-as-pioneering-for-ios-8-security-measures
I didn't mean search for the arm chair security expert info on the forum, I meant there has been people posting information talking about that and facts from previous discussions that would be helpful.
Security is a never ending cat and mouse game, it's all about how fast they seal the holes and initiative to promote privacy and security which no question Apple has been leading that vocally and in practice among the top tech. companies. There is always room for improvement but also we should give them credit when it's due.
I posted a story here that outlines details of a zero-day hack that they sealed in 2 weeks time from getting the information, quite impressive from where they were back in the days in addressing security concerns.
https://forums.macrumors.com/thread...-against-a-uae-human-rights-defender.1990117/
I don't understand how it could be interpreted that way. The US government sued Apple because Apple wouldn't give in and break their encryption. A real move that had legal repercussions. The government attempted to portray Apple as being unpatriotic and "helping the terrorists". Making a stand on privacy could have turned out to be a terrible thing in terms of PR. Public opinion only slightly favored Apple's position as it was.
PRISM is not an iPhone malware. PRISM is a spy device sitting in a data center connected to data lines. Did anyone ever stop to think Apple made the iPhone more secure because they have NSA PRISM devices in the data center. Sure they might care about customer data and the iPhone encryption could prove it....but at the end of the day, we have no idea if there are PRISM devices inside or outside Apple data centers. We also have no idea what Apple is willingly giving them. If their name wasn't on that slide, I'd buy into all the "we care about security" propaganda. But from the evidence....it seems they are working with the NSA. They may not be doing it willingly which is why they are all super pro security now. That could also be a big show just to make everyone feel safe. Until someone sees Apples source code and inspects all the data centers....we can never really 100% trust them.
Personally I think they have spy devices in the datacenters forced by the government, but they really want to keep their customers data secure where they can.
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Then it all just vanished. That is when I was wondering what just happened.
yes more money !!!! since he has done a great job especially with the mac line
Cook is a lying hypocritical scumbag. The sooner he's gone the better.
Right, but the value comes from what others are willing to pay, not what you decide it's worth. Until you get the cash it's value is hypothetical, and a hypothetical dollar has a actual value of zero.
He sold 20% of his shares, hardly a statement of non-confidence in the stock. Any prudent investment advisor is going to get him to diversify.
Is that the metric for validity? The motives must be 'totally altruistic' to be valid?
The motives are always 'valid', no matter the rationale. Even though maintaining personal data privacy is beyond 'good' for us, it's even more critical for tech companies to provide this for their customers as it engenders customer loyalty, which translates into repeat sales, and in this particular case, Apple has sadly, save for some tepid support here and there, pretty much 'carried the torch' all by themselves.
Not saying this was Tim's primary goal in standing up to the Feds (I actually believe he personally feels very strongly about customer's data privacy), but our appreciation and subsequent brand loyalty are definitely part of the equation.
Thanks to MacRumors Tim recently found out the coming keynote might be disappointing. He is now right on time to cash out, you can't imagine the devastation it could have caused if it wasn't for us. Or, and that is only with a slight possibility, could it actually be that Tim is aware of the content of the keynote for months already and that a simple contractual rule is responsible for selling out now? Pick your choice
Just making the point that because someone sells their stock doesn't indicate negative performance in the near future. They may just need access to more capital. But if you missed the last point, I wouldn't expect you to get this one.
Apparently not. The stock price is up 7-9% since he sold his stock. If he was trying to time his stock sale for the maximum profit using insider information, he didn't have very good insider info. He left millions on the table.
This would have been planned months ago. But I bet he had no idea that people will still buy the phone without the headphone jack. Maybe this is a mistake to sell stock now.
Agreed. Most folks commenting don't have the knowledge or common sense to understand his moves. They think that he has to do everything for everyone else and not doing anything for himself. Folks are selfish in this "Me, Me, Me" environment. Cash out and set your family up if you think that is best Tim.