Tim Cook resells Apple shares - NewCydiaTweaks


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Tuesday, August 29, 2017

Tim Cook resells Apple shares

It is not the first time that the current CEO of the California firm decides to sell part of its shares to profit from them . And this time, thanks to a document from the United States Securities Commission, Mr. Cook would have sold treasury stock worth $ 43 million . What is this about?

Tim Cook returns to the load

It should be noted that in the case of the US firm employees have the opportunity to own shares. On the other hand, the multinational apple usually works by objectives. Reason why, benefits are offered taking into account this aspect.
In 2016 the Cupertino organization failed to meet the goals set for that year . For this reason, Mr. Cook saw his salary reduced to one and a half million dollars less.
At first glance it seems a downside to Tim. However, it always has the stock wildcard, with which it can get an immense greater amount of cash , as in this occasion in which the number reaches a whopping of 43 million dollars.
More than half of the shares put up for sale by the current CEO would have been sold at a price close to $ 160 per share .
Everything indicates that this money would not be destined for its own benefits, since Tim Cook's intentions would be to support different projects of solidarity , through the sale of these actions. People close to him claim that Mr. Cook is a very kind and caring man , despite being the boss of the most valuable company in the world.

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