Apple board member Al Gore sells $29.5M of company stock
A U.S. Securities and Exchange Commission filing on Friday reveals Apple board member Al Gore this week sold 215,437 shares of AAPL stock worth about $29.5 million.
Source: KPCB
Gore's stock sale, which was accomplished in multiple trades ranging from $136.4 to $137.12 on Wednesday, nearly matches a $29.6 million purchase of AAPL shares made in 2013.
When Gore bought the stock batch more than four years ago, he exercised Apple's director stock option to acquire 59,000 shares at a price of about $7.48 per share, costing him approximately $441,000. This was pre-split AAPL, so shares were valued at $502.68 each.
Following today's sale, Gore owns 230,137 shares of Apple stock worth $31.5 million at the end of trading on Friday.
The former U.S. vice president turned environmental activist was appointed to Apple's board in 2003.
Source: KPCB
Gore's stock sale, which was accomplished in multiple trades ranging from $136.4 to $137.12 on Wednesday, nearly matches a $29.6 million purchase of AAPL shares made in 2013.
When Gore bought the stock batch more than four years ago, he exercised Apple's director stock option to acquire 59,000 shares at a price of about $7.48 per share, costing him approximately $441,000. This was pre-split AAPL, so shares were valued at $502.68 each.
Following today's sale, Gore owns 230,137 shares of Apple stock worth $31.5 million at the end of trading on Friday.
The former U.S. vice president turned environmental activist was appointed to Apple's board in 2003.
Comments
Craig Federighi also sold nearly $10 million worth of shares last week.
If any of you cynical geniuses had a shred of vision or reason, you would at least consider that Al Gore has had an influence on Apple's policy of maximizing their reliance on renewable energy for their plant wherever possible.
They listened to Nancy Reagan: "Just say no." Poor ignorant bastards.
As a company that does business all over the world do you not think that it might be prudent and wise for the BOD to have a wide and varied crosssection of views presented at Board Meetings? Being only concerned with the USA is IMHO a very bad mistake.
Just think how many cars made in the USA by GM, Ford and Chrysler are sold in Europe or Asia? What percentage of their total build?
Then look at the number of cars sold in those markets. By only concentrating on the USA/Canada are they doing the best they can for their shareholders? Are all their plants running a max capacity etc etc etc.
What I'm trying to say is that the issue is not as black and white as you seem to think it is.
He acted as a representative of you. He helped shape policy that might potentially impact investors like you (and himself). But he's only one of many, and maybe he shared your views but was overruled by everyone else. Do you have any documentation of his opinion on the taxation matter? Any records of votes? Or are you scapegoating one guy because things didn't go the way you liked? Maybe he's not happy with the political commentating the company is doing and that's why he's pulling out his investment.
Al Gore is moving to a sustainable home, high up on a Hawaiian island, where he'll be able to watch the North Atlantic current stop and Washington DC get covered in ice. He knows it's now too late.
http://www.snopes.com/quotes/internet.asp
I'd be more interested in what you did in the last decade. I at least know who Al Gore is. Steve Jobs also personally picked Al Gore for Apple's board. I wonder why he didn't call you?