Tim Cook just cashed in $28 million more in Apple stock
AP
Cook collected about $28.7 million after selling 269,883 shares in Apple, according to a SEC filing on Wednesday. The shares are a fraction of the 1,260,000 shares that he unlocked last week because he reached tenure of five years as CEO of Apple.
Last week he sold $36 million of his stock - meaning that he has liquidated about $65 million in total over the past few days.
Cook still has about 3.5 million shares in Apple that are set to vest over the next five years and he still holds over 1 million shares in Apple worth about $110 million.
In the five years since Cook has been leading Apple, the company's revenue and profit has doubled. Cook has also been instrumental in navigating thorny policy issues, such as the company's fight with the FBI over encryption or the EU's recent decision to force Ireland to collect billions in taxes from Apple.
But some analysts wonder if the Cook is the right leader considering that sales are falling on an annual basis for the last two quarters and there's no new hit product category in sight.
Next Story
2 states where home prices are falling because there are too many houses and not enough buyers
US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
BenQ Zowie XL2546X review – Monitor for the serious gamers
9 health benefits of drinking sugarcane juice in summer
10 benefits of incorporating almond oil into your daily diet
From heart health to detoxification: 10 reasons to eat beetroot
Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
