“Apple CEO Tim Cook sold 30,000 shares of Apple stock this week, valued at $3.6 million based on the company’s stock price of $120 at the time of the transactions, according to a U.S. Securities and Exchanges Commission disclosure,” Joe Rossignol reports for MacRumors. “The shares were sold as scheduled pursuant to Cook’s predetermined trading plan.”
Rossignol reports, “Cook retains 1,009,809 company shares worth over $121 million based on Apple’s current stock price following the sale.”
“Upon reaching his fifth anniversary as Apple CEO last year, Cook cashed in nearly $137 million in previously-awarded stock bonuses tied to both his tenure and Apple’s performance under his leadership,” Rossignol reports. “Accordingly, after bonuses, Cook actually earned roughly $145 million last year, his biggest payout yet.”
Read more in the full article here.
MacDailyNews Take: Cook’s was a typical scheduled sale, presumably for tax purposes; or maybe he’s buying himself a Bugatti.
Poor guy’s just barely scraping along from paycheck to paycheck since his pay cut. Today’s stock sale was fortuitous for TIm. 😉
Probably needed duct tape to fix the pipeline.
PipeDream is more like it.
Now he can afford to buy a MBP and a few adapters.
He’s cashing out before Samsung recovers from the Galaxy Note 7 fiasco and starts eating Apple’s lunch.
No “Duane”. You haven’t been following the news lately, have you?
Samsung Clearly Has Big Problems, and That’s Great News for Apple and Alphabet
Apple and Alphabet could cash in.
…Since its popular Galaxy Note 7 devices, as well as a few other personal electronic products manufactured by the South Korean company, started literally going up in flames, the situation has only worsened.
Now prosecutors have even called for the arrest of Lee Jae-yong, Samsung vice chairman and likely successor to oversee the $175 billion company. The charges against Lee stem not from the explosive capabilities of Samsung’s products but from allegations that he has engaged in bribery and embezzlement in a scandal that involves South Korean President Park Geun-hye. . . .
The company’s device solutions business, which manufactures memory and LCD products, is facing increasing pressure from competitors such as Micron Technology, Toshiba, and Western Digital’s SanDisk.
Samsung Security Cameras Hacked Again
White-hat hackers found a loophole that allowed for remote command execution.
…The vulnerability, according to Exploiteers, lies with Samsung’s iWatch webcam monitoring service. The iWatch server’s lax security allowed the group to install their scripts, including user-defined file names, in order to take over the cameras by gaining access to their administration panels.
Exploiteers notes in its blog post, the group joined other white-hat hackers in exploiting a similar exploit at last year’s Defcon 22 security conference. It allowed for remote command execution and the ability to arbitrarily change the camera’s administrator password….
Darn, darn and darn!
Samsung living up to their reputation yet again again again. 📉💸👎
Is it the money that’s blurring Mr. Cook’s focus? I have to wonder, along with everyone else.
https://www.change.org/p/apple-board-of-directors-remove-tim-cook-as-ceo-of-apple
He is a terrible leader and CEO
https://www.change.org/p/apple-board-of-directors-remove-tim-cook-as-ceo-of-apple
Tim Cook profits from Apple while dragging Apple into predictable mediocrity. If Apple declines any more can Apple demand Cook return his money?