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Apple CEO Tim Cook Sells Over $50 Million Worth of Stock
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It depends on the person. A lot give to or create philanthropic organizations. Some use it to start or invest in other businesses. Some spend it on mobile game micro/macro transactions.
Tim is looking to max out the next Mac Pro
Gold-plated wheels too!
Gold-plated wheels too!
The numbers here are bonkers. But does he ever really get to truly enjoy all that wealth? Is he not, as the CEO of one of the biggest tech companies in the world, not just always working at all times!? I mean, if he's got it going spare, I could use a few mil.
Maybe he's remodeling? Solar for 10 homes must cost a pretty penny.
Cashin out before Apple goes bankrupt!
Same thing everyone does, just so much more of it.
As Apple themselves demonstrate, if you have so much money that money is not an object to anything you want, there are plenty of companies willing to oblige you.
Edit: Let me clarify a few things here. First off, it would not take that many cars, houses, and boats to spend what Tim Cook made this year.
Apple/Hermes sells a $450 keychain. Think about what your keychain cost. Now take everything someone can do and multiply it by that level of extravagance. That's what I mean.
Say the average upper middle class person owns a house, three cars, a vacation house, and a boat. Not that crazy.
Just make that a mansion in a major city (or three), all those cars extremely high end with service packages and the works, a yacht, etc.
Not that hard to spend that much money. Taxes on all that stuff alone is a good chunk of it. There are tons of companies selling stuff that expensive. Apple is perhaps not the best example, but what other computer would ultra rich people use?
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More like tongue-in-cheek poking fun than sarcasm, but yeah… I get it.
I don’t really begrudge Tim because he has said he will donate most of it when he retires.
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Stock-based compensation is taxed as income. Capital gains applies to investments
Steve Jobs had good taste generally but not when it came to choosing his biographer and replacement as CEO.
Has nothing to do with the striking Union workers./s
Do any Apple products move through the east coast ports? I thought all this stuff was made in Asia. I suppose it could drive up congestion on the west coast.
Human desire is infinite and unlimited. There will NEVER be a point that “hmm, I have enough money to live a comfortable life I want now”. Blame that.
Aren’t we already in recession? It’s just all media and economists don’t want to spill it out so there’s no panic.
The government already has wasted it.
Why do many tech CEOs (Elon Musk, Mark Zuckerberg) have $1 salaries? Most famous one being Steve Jobs.
$5 million of decent dividend paying stocks will generate $250k+ a year in cash. Thats more than enough to live on and never work.
This is a disgusting amount of money when you consider it’s just a drop in the bucket for him.
This is a disgusting amount of money when you consider it’s just a drop in the bucket for him.
Timmeh’s scooping up all the Apple Vision Pro stock so he can say that the AVP is a huge success at the next keynote.
So glad we have the global economy expert slumming it on Mac rumors letting us know what to expect. Thanks buddy!
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Could be nothing but i have a feeling apple is going to underperform expectations in Q1. Apple intelligence especially with siri will be a bummer. No way they turn it around
Feels a bit discouraging of an outlook optically for the co to sell that much right after their annual launch of only their biggest and most important product line
Tim is cooking with this one …
Tim is cooking with this one …
No. Major insiders of corporations sell stock on a predefined schedule. This sale would have happened if the stock was at $20 per share or $2,000 per share. These comments pop up every single time Macrumors makes a post about an Apple insider stock sale. I don’t know why they report it, it’s not news. And the comments about how they’re selling before it all tanks are equally stupid.
Why are you yelling? You lose all credibility by typing in all caps and come across as a conspiracy believer than someone delivering facts.