Tim Cook's salary came up in the news last month when he was awarded a million shares of Apple stock, and cashed out a few, in addition to his many other forms of compensation. And here's another Apple manager who's taking advantage of Apple's soaring stock price when he can. Vice President of iOS Scott Forstall reportedly cashed out over 64,000 Apple shares last week, earning US$38.7 million from the sale. Forstall picked up those shares in 2008. He got 120,000 shares back then as part of a bonus, and as those just vested (minus about half for taxes), he went ahead and cashed them out. But this doesn't leave Forstall without an investment in the company. He's still got 250,000 shares set to vest at different times in the next few years, in addition to 2,988 shares currently held, and that's in addition to an annual salary of $700,000. What did Forstall do to earn all this money? Oh, just run the iOS division, which picked up $29 billion for Apple in just the last quarter. Just that.Apple VP of iOS Scott Forstall cashes in $38.7 million of Apple shares originally appeared on TUAW - The Unofficial Apple Weblog on Wed, 02 May 2012 12:30:00 EST. Please see our terms for use of feeds.Source | Permalink | Email this | Comments read more..
Sunday, 6 May 2012
Scott Forstall-Apple Stock-Apple Vp
Saturday, 21 April 2012
Earnings Release Conference-Unofficial Apple Weblog
What is arguably the most anticipated earnings call on Wall Street every quarter will take place next Tuesday, April 24th at 2pm PT/5pm ET. That's when Apple will release its earnings report for the second quarter, which ended March 31st. There's lots of speculation about whether Apple will hit consensus estimates for their Mac products -- notably iMacs and MacBook Pros, which have not seen major updates in almost a year. However it's generally assumed that the launch of the new iPad in this quarter will help Apple offset any missed Mac numbers. In the run up to the earnings call this week, Apple's stock has swung wildly, having its largest ever point drop on Monday, followed by its largest ever point gain on Tuesday, before falling over 3% again on Wednesday. AAPL shares are up 45% YTD. TUAW will have complete coverage of next Tuesday's financial results.Apple will webcast Q212 earnings release conference call on April 24 originally appeared on TUAW - The Unofficial Apple Weblog on Fri, 20 Apr 2012 10:40:00 EST. Please see our terms for use of feeds.Source | Permalink | Email this | Comments read more..