Apple CEO Tim Cook this week earned over $24 million selling Apple stock, according to a filing with the SEC. Cook sold 108,136 shares that he received on April 1st when restricted stock units vested.
Apple’s share price is currently the same as was on June 10, 2024. We shall see, but it’s likely that Apple will do the same thing [with Cook] they did with Jony Ive – give him a transition title with nothing much to actually do in order to assuage Wall Street (and as they also just did with [CFO Luca] Maestri) when Cook finally decides to bow out — which he should have done long ago after serving 3-5 years following Steve Jobs’ untimely demise; a caretaker CEO hanging on well over a decade leads to missing paradigm shifts like GenAI and having to execute vaporware schemes in order to try to catch up. Until Apple again gets a visionary CEO, these issues will compound. It would also be nice to get a charismatic CEO who can handle live keynotes again. – MacDailyNews, July 27, 2024 Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple CEO Tim Cook sells stock worth $24 million appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. |
Friday, April 4, 2025
Apple CEO Tim Cook sells stock worth $24 million
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