“According to a Securities and Exchange Commission filing on Tuesday, Cue sold off almost all of his current shares of AAPL common stock, amounting to roughly $8.76 million,” Peak reports. “Just one week ago, Apple’s Senior VP of Technologies, Bob Mansfield, sold 35,000 shares of the company stock valued at nearly $20.4 million, according to an SEC filing.”
Peak reports, “The two Apple executives cashing out is more of a reflection of the concern entrepreneurs and executives are having as they hear speculation of dividend rates skyrocketing… The biggest concern for those holding onto some high-ticket stock is that the dividend tax rate could revert to 39.6 percent for the highest tax bracket — something proposed by President Barack Obama.”
Read more in the full article here.
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