I don't see anything wrong with this news. You go to ATM and get some money. Tim went to stock market and get his money. You and I are paid in cash, but he is paid by stocks.
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Apple CEO Tim Cook Sells More Than $35M in Stock
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Stand by your awesome products Tim, sell after you announce them 
Just feels like the lot of them are milking the cash cow and are about to Retire soon.....I'm sure waiting for thier bonuses to come good
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Well Tim knows what products are coming....that is the difference.
Just feels like the lot of them are milking the cash cow and are about to Retire soon.....I'm sure waiting for thier bonuses to come good
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Well Tim knows what products are coming....that is the difference.
yeah while there are people in the states that cant feed themselves, cant find a job, cant get a decent attorney, pay rent. THIS guy just made 35million on top of approx. 10million just for working....WHY?
The iPhone 7 will be a flop for three reasons:
- it will be too similar to iPhone 6s and the iPhone 6s don't sell well
- many people will wait for the iPhone 8 of next year
- the market is changed: now the iPhone is really too expensive
You guys realize that when a CEO, or any other insider, sells stock they can't just hit sell button, right? its illegal for CEOs to sell based on non-public information. So sales are typically done according to a trading plan filed well in advance with the SEC.
Even Tim wants nothing to do with the new iPhone. Cash out now and enjoy your success while you can!
Um, does anyone here understand tax law? He just hit his 5-year anniversary, meaning certain stock options vested. When options become vested, they're treated as income and must be taxed. Whenever executives' options vest, they have to sell a portion of their stock to cover the tax liability.
Like, duh...
But the other 1/3? Play cash.
Like, duh...
But the other 1/3? Play cash.
I agree with you. They pre-planned that they would unload the stocks on the date that they found out that the ship was sinking.
Scott Forstall sold all of his Apple shares in May 2012. He was out of the company in October 2012.
Tim sold less than half of his shares, though.
Tim sold less than half of his shares, though.
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Tonight he gets to have two cookies after dinner, instead of just one.
Fun to say that, at least for some, especially around these parts, but not really the reality nonetheless.
Oh come on, first off, you're asking the haters to think, and second to consider logically and rationally, evidence that doesn't support their "APPLE IS DOOOOOMED!!1!" narrative. That's expecting an awful lot of them. Besides, then they wouldn't get to make all those lame variations on the same half dozen snide remarks they've been in a frenzy about all these months.
this is the way the conversation actually went:
June 1, 2016
Advisor: Tim, you need to cash in these options and make a sale on August 26th
Tim: Ok, go ahead.
June 1, 2016
Advisor: Tim, you need to cash in these options and make a sale on August 26th
Tim: Ok, go ahead.
And who sets the reality ?
If apple is booming or sinking, we don't have that info..... Tim would .
But this realistic scenario lacks the "creativity" of a conspiracy theory.
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Reality speaks for itself. These sales quite likely have nothing to do with how the company is doing or anything related to that at all, as has been pointed out a number of times. As for Tim knowing something, even insiders don't know what the future holds (a getting rid of Jobs and then getting him back would demonstrate, among many many other examples of all kinds of things going different ways and people losing money here and there based on their "guesses").
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Lucky you noticed this! Warren buffet just increased his position in Apple a couple do weeks back. It's not too late to call him and let him know what you discovered!!
If you want to accuse Tim Cook of the crime of insider trading, why not just have the guts to do so, in just so many words. I'd strongly suspect C DM and bigjohn are correct, and these trades are scheduled far in advance by a financial advisor. Because Mr. Cook would have far too much to lose by commiting the crime you're not-quite-accusing him of. If you want to think he's evil, well, no amount of rational discussion is likely to dissuade you of that notion, but surely you don't think think Mr. Cook is foolish enough to engage in such an obvious and transparent crime (knowing full well that detractors would be looking for evidence of such).
LOL @ everyone claiming this is because he's trying to get a higher stock price before the iPhone 7 announcement.
You've clearly never heard of the SEC or insider trading. When someone at the level of Tim Cook sells stock, they typically have to pick a random day, sometimes determined by the SEC to avoid the CEO or senior leadership from trying to profit off of insider news that only they would have had access to.
You've clearly never heard of the SEC or insider trading. When someone at the level of Tim Cook sells stock, they typically have to pick a random day, sometimes determined by the SEC to avoid the CEO or senior leadership from trying to profit off of insider news that only they would have had access to.
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