Apple usually has to approve these discounts as not to compete against themselves and their own products for a sale. The margins on these items are already single digit points.
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Tim Cook Nets $41.5 Million After Selling Over 500,000 Apple Shares
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And here I am working a lot and will never see even $1million in my life or the next. Sigh. So jealous.
That said, I hope he donates half of those to Mother Earth or she will be pissed!
That said, I hope he donates half of those to Mother Earth or she will be pissed!
I know hes not everyones cup of tea… but I like Tim…
So he's sold about 60 percent of his Apple shares over the past 2 years.
3,279,726 shares held on 8/20/2021 + 5,040,00 new shares granted
Tim Cook receives over 5 million shares of Apple stock worth $750 million
The tranche of stock is the final part of the compensation package that Cook received when he took over as CEO of Apple 10 years ago.
He had 8,319,726 shares on 8/24/2021
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Why didn't he ask me if I wanted any before selling? I thought we were friends!
It's just an attitude some people have. They think you become an evil person if you dare to have any wealth.
Steve made money of the NeXT sale and he was making money from running Pixar; plus shares in both Pixar and Apple were making him money. He crossed into the ultra wealthy status before he died. I don’t disagree, but some companies will put the CEO at $50,000 per year, but they’ll greedily funnel profits into buybacks so they can make a bigger return. That’s not what’s going on with Cook and Apple does operate differently (along with Nintendo) than their competitors and partners.
He earned it. As innovative and great a CEO as Steve Jobs was Tim was handed the keys and kept the momentum going taking apples worth to heights no one imagined. Wasn't Apple the first US company to hit 1 Trillion in market value just as Steve passed away? And then Tim has guided it to 3 trillion! Amazing!
But the truth is he does need some cash to buy a Vision Pro so you can see why he did this.....
But the truth is he does need some cash to buy a Vision Pro so you can see why he did this.....
I'd be as rich as Tim if I had a cent for every time someone has said that about Apple lol
Come on, the world's most valuable company is obviously a sinking ship!
People sell stock sometimes. What's the point of having stock if you can't sell it to enjoy the proceeds? It doesn't mean the company is going to tank.
Are you just going to continue to ignore the part where I said EVERY product launch is followed by these tiny discounts? Are you saying every Apple product is a failure?
I was going to say the same thing. Many people don't read past the title. 🙄
One of the most innovative companies? I haven't seen some real innovation coming in years. For real innovation you have to look elsewhere these days. New innovative iMac 27 inch??? Wouldn't be that hard to launch something similar the same time the new smaller iMac came out with a bigger screen. I can't look into the future or the famous (stuck in the) Apple pipeline, but I'm afraid that when finally a new 27 inch or bigger iMac comes out, it wil be the same as the smaller one. Except bigger and way more expensive than the one it will be replacing. And how about a new iPhone SE? It's an embarrassment. Can't believe people or businesses are still buying the SE. It isn't competitive in any way. Maybe my expectations are too high for the richest company on earth to update their whole product line up to a compelling one. I also expected that they would be able to stay ahead of the competition with their own chipsets... but history is repeating itself I guess.
I also had high hopes when they went into the streaming business with Apple TV and got a three month free watching period when I bought my MacBook Air. There are some good movies and shows, but after three months I'm not renewing my subscription. It's way too expensive for the content you get online and by that not worth it.
$41.5 Million? So they gave him a few free sets of Mac Pro Wheels for the computers he has in his various residences.
Tim Cook is a smart guy! Now I hope he leaves the company, takes Mother Nature with him and finds something else to do.