Apple's Chairman and Top Lawyer Cash in Combined $10M in Stock Bonuses

[Bubba Satori]

He's going to buy a cooler Ferrari than Eduardo's.

 

[modemthug]

Some pretty serious financial illiteracy in these comments

 

[nilcoalescingoperator]

Sarcasm aside, you might actually be correct. These two are intelligent individuals that are also privy to the inner workings of the company.

Executives sell stocks for all kinds of reasons, but they only buy stock for one.

 

[jw2002]

Total nothingburger of a story. Essentially this is an employee with a bunch of stock incentives that have finally matured and 100% vested. The prudent thing to do is to exercise them, take the cash, and cover the taxes on the profits. That is how bonuses are supposed to work.

 

[dustlane]

I recently cashed a $20 check that was about to expire so I know exactly how they feel. It's tough managing this type of money.

 

[Phil in ocala]

Just give me .5 percent

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San Jose area is expensive area...sure hope he can live on this kind of money...he may need a bonus in January.

 

[DevNull0]

Hence why I don't get why these are newsworthy. This is normal course of business not I'm getting out of the stock because the ship is sinking.

I can see your point, but you've got to admit it's more newsworthy than 1,000 pokemon threads.