Tim Cook donates $2M to unnamed charity
Apple CEO Tim Cook last week donated 6,880 in personally owned company stock to an as-yet-unidentified charity, an amount worth about $2 million as of the trading date.
According to a U.S. Securities and Exchange Commission filing on Thursday, Cook conducted the transaction on Dec. 27, when Apple shares were priced at $289.80. No shares were sold and a reporting price was not applied to the transfer, meaning the exact sum Cook donated will likely remain unknown.
Executives of publicly traded companies are not required to reveal the destination of charitable donations, but Cook has in the past made donations to the Human Rights Campaign's Project One America, a gay rights initiative. The Apple chief in 2014 donated hundreds of thousands of dollars to Pennsylvania's Steel Valley School District, a gift that funded the purchase of iPads for students and teachers.
Cook routinely participates in philanthropic activities like auctioning off one-on-one meet-and-greets through CharityBuzz. In 2014, for example, a lunch with Cook at Apple's headquarters sold for $330,000. Proceeds of the online sales typically go to the Robert F. Kennedy Center for Justice & Human Rights.
Like other tech executives -- albeit not a multi-billionaire -- Cook has promised to give a bulk of his money away to charity and in 2015 said he plans to take a "systematic approach" to philanthropy.
In addition to today's reported donation, Cook made similar gifts to unspecified organizations over the past few years. He donated 50,000 Apple shares to an unidentified third party in 2015, 23,215 shares in 2018 and 23,700 shares in 2019.
Following last week's trade, Cook controls 847,969 shares of beneficially owned Apple stock that, as of today, is worth $256.5 million.
According to a U.S. Securities and Exchange Commission filing on Thursday, Cook conducted the transaction on Dec. 27, when Apple shares were priced at $289.80. No shares were sold and a reporting price was not applied to the transfer, meaning the exact sum Cook donated will likely remain unknown.
Executives of publicly traded companies are not required to reveal the destination of charitable donations, but Cook has in the past made donations to the Human Rights Campaign's Project One America, a gay rights initiative. The Apple chief in 2014 donated hundreds of thousands of dollars to Pennsylvania's Steel Valley School District, a gift that funded the purchase of iPads for students and teachers.
Cook routinely participates in philanthropic activities like auctioning off one-on-one meet-and-greets through CharityBuzz. In 2014, for example, a lunch with Cook at Apple's headquarters sold for $330,000. Proceeds of the online sales typically go to the Robert F. Kennedy Center for Justice & Human Rights.
Like other tech executives -- albeit not a multi-billionaire -- Cook has promised to give a bulk of his money away to charity and in 2015 said he plans to take a "systematic approach" to philanthropy.
In addition to today's reported donation, Cook made similar gifts to unspecified organizations over the past few years. He donated 50,000 Apple shares to an unidentified third party in 2015, 23,215 shares in 2018 and 23,700 shares in 2019.
Following last week's trade, Cook controls 847,969 shares of beneficially owned Apple stock that, as of today, is worth $256.5 million.
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Apple investigated, stating that it has a zero-tolerance policy toward the use of child labor anywhere in its supply chain.
Apple CEO Tim Cook. Apple Stock. Confirmed, since there was a filing with the U.S. Securities and Exchange Commission.
How is this not Apple news?
Guess who in that particular selection of 1 single man might have had a PR interest of being adverted as a beneficiary ?
You can’t deplete the planet’s lithium, cobalt and tin resources and simultaneously have a “better planet” as a priority - which then is a lower priority, apparently
Never mind, dupable followers will always believe the multinational companies‘ half-truths
Locally, a politician said everybody should 'take-in' a homeless person to help reduce the 'homeless problem'. When asked if she was going to do so, she replied she couldn't, as she has a husband and two children.
If only it were possible to require everyone claiming someone else isn't contributing enough, to disclose their annual income of all monies, and the amounts and destinations of their contributions, and whether or not they claimed them as tax deductions.
The noise level of moral outrage and indignation, not to mention torches and pitchforks would be greatly reduced.
There would probably be a level of contribution braggadocio to contend with, as there are those who need to shine a light on their perceived greatness, but I can live with that.
Have you read this?
https://www.apple.com/environment/pdf/Apple_Material_Impact_Profiles_April2019.pdf
"With a list of priority materials on which to focus first, we created material-specific working groups and have active projects in aluminum, cobalt, copper, glass, gold, lithium, paper, plastics, rare earth elements (neodymium, praseodymium, dysprosium), steel, tantalum, tin, tungsten, and zinc. Each working group consists of experts from our engineering, procurement, operations, supplier responsibility, and environmental teams, and is tasked with developing a deeper understanding of Apple’s specific materials supply chain and closing the loop for the particular material. And as we strive to source increasing amounts of recycled materials, we will continue to ensure that these materials are processed in a way that meets our requirements and protects the rights of all people in our supply chain."
The whole report is fascinating. They're figuring it out as they go, as best they can. The whole parent report covers even more. Who else does this?
https://www.apple.com/environment/pdf/Apple_Environmental_Responsibility_Report_2019.pdf
If you're just going to be like, "electronics bad because mining" then we can probably end this conversation here.