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Tim Cook Sells Nearly 200,000 Apple Shares
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"Gives alot of it away" is nothing more than code for a "tax deductable dodge". It's a wright-off for him, not some nobility from his heart
Do you not understand that the sale was not a spur of the moment decision? Educate yourself before expressing Apple hate.
It's amazing that the Apple haters find a way to criticize everything. He donates to charity and people find a way to turn it into a bad thing. If you're going to be cynical, at least do it honestly.
Well it's a good thing it's pre-determined and not due to any doubts about the headset's reception or the phone sales slump in their biggest market, right as earnings are coming up in less than a month.
(also, is Tim selling 196,410 shares this week why the stock price has stayed down these past several days? My shares are looking extra sad these days. 😭)
It may be predetermined, but the optics of selling shares a day after it was reported Apple is laying off 600+ workers is not a good look.Well it's a good thing it's pre-determined and not due to any doubts about the headset's reception or the phone sales slump in their biggest market, right as earnings are coming up in less than a month.
(also, is Tim selling 196,410 shares this week why the stock price has stayed down these past several days? My shares are looking extra sad these days. 😭)
He's a maniac, maniac, I sure know
And he's dancing like he's never danced before
The internet is now imagining Elon in tights. My work here is done.
Imagine, if you will, a cohort incapable of distinguishing between texts and "the gmail". You have entered the family support zone... [dramatic music]
This.
A lot of people talking about the timing, etc., but the fact of the matter is, the decision to sell this quantity of stock at this point in time was made a long time ago.
It's not like he said "I think I'm going to sell some AAPL shares today". That's not how it works. This payout was scheduled in advance. If you look at the filing, it also says payouts are scheduled for April 1 in 2025, 2026 also.
Definitly a DOH! moment on that one…I was more concerned with managing my math formula and forgot something super easyYou may not know, but you can google for “AAPL” and look up the current value of a share.
This is what happens when sales are on a "pre-determined" schedule....no one has a crystal ball to see when in the future is the best time to sell so the "optics" are better.
Read the article again...look for the word "pre-determined"
Where do you get that the sale was tax-free? Read the first three lines of the article again...he netted about half the total sale amount AFTER TAXES.
So, if it was misguided it’s a good thing he now stopped it (performance!), but also, those people got a job they wouldn’t have had otherwise in the first place (and given your implication that not having a job is bad, he actually performed better for years by doing so?) . So how are either of your arguments actually a good argument?
I am doing it honestly. It's a well known wealthy individual tax dodge. Donate to some charity and then write it off at the end of the year, or, put it in some bogus "charitable foundation" with friends & family "overseeing" the foundation as board members so they don't have to pay the "death tax".
Back in 20-Jan-2009 $AAPL was $78.20/share.
I had money to buy 4,000 shares for $312,800.00.
If I did so and held onto them to this day I'd have 112,000 shares worth $18,998,560.00 at $169.63/share.
Quarterly div would be $25,760.00 for the past decade.
52W high was $199.62 would make that 112,000 shares be $22,357,440.00
I had money to buy 4,000 shares for $312,800.00.
If I did so and held onto them to this day I'd have 112,000 shares worth $18,998,560.00 at $169.63/share.
Quarterly div would be $25,760.00 for the past decade.
52W high was $199.62 would make that 112,000 shares be $22,357,440.00
I actually have 4 of them
I ended up selling the 867mhz 12" around 2007ish or so I think it was. Hitting midlife with kids, a couple of years ago someone was selling on eBay a lot of 4 12" powerbooks (except mine was 867mhz and I think these are 1.5ghz). listing said none of them work but I got all 4 for about $20 each, bought a family pack of leopard and ilife and iWork and gave one to each kid. They still play with them occasionally, mainly as a DVD player.
But ever so often I'll get one out, though it's twice the thickness and twice the weight and a fraction of the power of the m2 air im using now…. and I think to myself
those were the good ol days