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Apple's Eddy Cue Sells More Than $37 Million Worth of Stock
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They could operate for quite a few years I think it was up to 6 years, but thats from a distant memory, without a single penny / cent piece turnover.
Their cash pile in greater than some well known countries.
I read a few years back that U2 had a Goverment department especially for U2's tax affairs.
One can only imagine how large the US tax dept is for Apple inc.
Their cash pile in greater than some well known countries.
I read a few years back that U2 had a Goverment department especially for U2's tax affairs.
One can only imagine how large the US tax dept is for Apple inc.
Ah! The way I read that was that was you were saying if they survive that means they will have fixed their problems.
But we agree then, since all apple seems to want to do is increase thiness and remove ports and capabilities.
Remove ports yes, but in this case (MBP) increase capabilities (read up on Thunderbolt 3).
can't nobody be mad at Eddy for doing the right thing. If he would have waited till next year about this time, he would get perhaps half of what he got two days ago. Smart move on his side.
If only, he would act as smart on behalf of Apple, perhaps we'd see first signs of innovation since Steve passed.
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I wonder if Apple is being paid by the 3rd Pty. Thunderbolt Device-Maker industry. Cuz Apple sure as S*** keeps them churning out new products every time Apple releases a new product.
I am DONE racing this game. Thunderbolt 2 is fast enough to keep my 2014 rMBP going for the next several years until Apple makes a Laptop worth buying again...
If only, he would act as smart on behalf of Apple, perhaps we'd see first signs of innovation since Steve passed.
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By the time Thunderbolt 3 'Catches Up' Apple will move on to Thunderbolt 4. And so forth.
I wonder if Apple is being paid by the 3rd Pty. Thunderbolt Device-Maker industry. Cuz Apple sure as S*** keeps them churning out new products every time Apple releases a new product.
I am DONE racing this game. Thunderbolt 2 is fast enough to keep my 2014 rMBP going for the next several years until Apple makes a Laptop worth buying again...
Wise decision, there is no chance to win in 2016-2017 and maybe 2018 ~
I7/+ / apple watch / MBP ~ apple do not care the customer, and customer will answer about their decision soon
I7/+ / apple watch / MBP ~ apple do not care the customer, and customer will answer about their decision soon
That increase was solely down to iPhone sales. Nothing to do with Cue. If you think he's doing a good job then you're the one who needs professional help.
[doublepost=1478491084][/doublepost]What country are you moving to?
Apple iTunes chief Eddy Cue brought in quite a bit of money this week, according to documents filed with the United States Securities and Exchange Commission. Cue cashed in 335,000 Apple shares at an average price of $111.86, netting himself $37,473,100.
Cue's windfall follows the September vesting of 525,000 restricted stock units, which were worth approximately $59.6 million at the time. The shares represented the final 75 percent of the 100,000 restricted stock units Cue was awarded in November of 2011, which became 700,000 RSU's after Apple's 7-for-1 split in 2014. The first 25 percent of Cue's RSUs vested two years ago, on September 21, 2014.
Cue put his full September award of 268,695 shares after taxes into a family trust, which is also what he has done with the 335,000 shares that were cashed in this week. Following the transaction, Eddy Cue continues to hold 1,464 shares of Apple stock.
Apple SVP of hardware engineering Dan Riccio has also cashed in 33,323 shares worth between $110.09 and $110.90, netting 3,677,115.
Article Link: Apple's Eddy Cue Sells More Than $37 Million Worth of Stock
Because blow is expensive!
Apple Execs should only be able to cash in stock for Apple credit at the Apple Stores and iTunes.
Apple Execs should only be able to cash in stock for Apple credit at the Apple Stores and iTunes.
Great, all those high speed ports, but in a laptop that - because they insisted on making it uneccesarily thinner - will have less battery life and less power than it could have. (Read up on thermal throttling of processors in laptops).
I disagree. No one thinks he's any good which makes it hard to be overrated.
I agree.
Everything this guy has touched has turned to crap.
The worse part about is, he breaks stuff then leaves it broken and/or unfinished.
Remember when iTunes was the most stable, elegant, easy to use piece of software on our Macs?
Now I would argue that it and Safari are among the worst.
And don't get me started with Safari's memory leaks.
I think it's time for Eddy Cue to take his cue.
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Which 95% "Pros" are you talking about? Pros at what? Using their laptops for emailing?
I work as a Professional Fashion Photographer and NONE of the "Pros" I've talked with my industry are happy with the mediocrity of the new MacBook Pro. Even I was on Apple's website yesterday hoping I could find a way to buy last year's model.
Go to the apple refurbished store. You can get last years models at a nice price break, and they come pristine, like new, in new packaging and with a full warranty.
The iPhone 8 will be the key. Another stumble and the things will turn very bad for Apple.
Whoop, there it is..
Take the money and run.
Please.
Yeah, their product pipeline is in desperate need of a cleanse. That thing has been constipated for a number of years.
It's not how it works with executives at this level and SEC, as explained a number of times throughout the thread.
Dumping all the stock into a house at once is what's stupid. He's got enough money to not need to worry about risk so much. It's simple and still fairly low risk to finance it and sell what he needs, or just live off the $720K yearly dividend yield he gets from holding that much AAPL if he really can't be bothered to deal with it. I doubt he's spending $36M on a house anyway. You know, moving into a big, expensive house takes more time/energy than any of these financial transactions.
Also, execs in corporations ought to have a significant amount of stock to encourage performance.
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He locked in the sell a while ago due to SEC regulations and got unlucky enough to have it fire on a down day. Market is also up today due to FBI clearing Clinton.
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You said it. Pros want fast chips, fast graphics, fast I/O, and lots of RAM. Apple delivered a thinner, lighter laptop with a new touch-bar. It may have fast I/O but This is NOT a MacBook Pro.
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Funny, MacRumors should change the "Buy Now" for the MBP to "Buy Used".
Only 2 out of 15 products in the buyers guide have a buy recommendation.
Unbelievable.
I think we might see several fluttering golden parachutes in the near future.
OK, you can see whatever you prefer to see, and quote only what suits your argument. I suppose you saw "cashed in" and assumed "sold" (sloppy writing by MR, if you you ask me). Still, you seem to have missed (or chose to ignore) the bit that came before. If "shares" were placed in his family trust in September, and that's "also what he has done" with the most recent award, then they were not sold.
Now, there's still a contradiction here, but a competent financial writer would have said, "...placed the proceeds of the sale of his shares in the family trust" if, in fact, the shares had been sold. Of course, the folks at MR are tech reporters, not financial experts.
The principal reason for putting shares of this sort into a trust is to eliminate the possibility of accusations of insider trading/rats abandoning ship, etc.. There's no reason on earth to sell them prior to placing them in such a trust - the trustees could sell them the next day with zero publicity.