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..
Showing posts with label Stocks. Show all posts
Showing posts with label Stocks. Show all posts
Sunday, 6 May 2012
Scott Forstall-Apple Stock-Apple Vp
Apple VP of iOS Scott Forstall cashes in $38.7 million of Apple shares
source:http://aol.it/KuwzkM
Monday, 2 April 2012
Social Media Technology Company-Initial Public Offering-Social Network-Facebook
They're not Facebook, but social media stocks run up anyway
NEW YORK (Reuters) - The hype over Facebook's initial public offering has excited investors revisiting other social media companies, even though most of those stocks have plunged since the fanfare of their own IPOs. Trading volume and options activity in stocks like Renren Inc, often called "the Facebook of China" and Quepasa Corp, a social media technology company focused on Latin audiences, have soared since the IPO news of the world's largest social network on Friday. ... read more..
source:http://yhoo.it/xdWlwF
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