What is Digg?160 Comments
- wonderchemist, on 11/01/2007, -2/+31To lock in a net (pre-tax) gain of $112 million?!
- ivankraszl, on 11/01/2007, -4/+31Dugg for the funny title.
- inactive, on 11/02/2007, -2/+28He'll be able to fill his gas tank at least 8 times with that kind of dough.
- TheRedCoat, on 11/01/2007, -2/+23Setting yourself low targets? You only want $1,120?
- underwise, on 11/01/2007, -2/+22too bad, if he waited until today, he could have made another 2 - 3 million with AAPL at 190
- jonnyeuchre, on 11/02/2007, -2/+21Like he gives a *****.
- overstim, on 11/02/2007, -3/+18...Well, let's not forget, his $12.99 Etrade commission takes a bite out of that.
- RipThe5y5tem, on 11/01/2007, -14/+28I wonder why he's selling... Uh oh.
- rancemo, on 11/01/2007, -3/+17Depending on the company, most options expire after a certain time period if not exercised. So he's probably just avoiding losing them.
- coolian, on 11/02/2007, -0/+13Because you're on Digg.
- donnikhan, on 11/01/2007, -6/+17That's right, and he earned every penny. He is part of the reason why Apple's retail experience is far superior to other retailers in the electronics market.
It also helps to have a staff made up almost entirely of Apple enthusiasts. - rheaume, on 11/01/2007, -0/+11Well, his stars-and-stripes hummer does run on liquefied orphans so Im sure thats not a problem.
- liquisoft, on 11/01/2007, -3/+14How are you so certain I DIDN'T make $112 million yesterday?
- mburk, on 11/01/2007, -2/+13Um, yes.
- ridium, on 11/01/2007, -2/+12That's not correct.
If you're part of senior management in a publicly traded company you need to disclose when you plan to buy and sell stock to the SEC. Many times transactions by senior managers are planned and disclosed in advance. Generally you'll get unwanted attention if you buy/sell before key disclosure dates (e.g. right before the date your company discloses earnings) or, within a few days of your transaction the company releases big news. - CraigJ, on 11/01/2007, -0/+10$67M > soul, philosophy, creativity & enlightenment
- CraigJ, on 11/01/2007, -1/+10It's the season. Execs at Microsoft are cashing in too http://blog.seattlepi.nwsource.com/microsoft/archi ... They both had great quarters and had to wait for the trading blackout surrounding earnings reporting to end. Always happens when public companies have big quarters...
- CraigJ, on 11/01/2007, -0/+8too bad you didn't think about buying it last year...
- secretmode, on 11/01/2007, -5/+13What kind of front page material is this? I can find 100 of these guys in a month
- davidrools, on 11/01/2007, -1/+9He's gonna get taxed up the ass
- SublimeRuin, on 11/04/2007, -8/+15There is no Leopard blue screen of death. You get a Blue Screen on first install IF and ONLY IF you have Application Enhancer installed......
- neeyo, on 11/01/2007, -1/+8Uhhh... exactly _WRONG_
- laplacian, on 11/01/2007, -1/+8since this isn't long-term capital gains, he's going to pay over $40 million in taxes immediately.
- CraigJ, on 11/01/2007, -0/+6$23.72
- SpykerSpeed, on 11/02/2007, -1/+7Unfortunately, Apple says employees aren't allowed to trade their stock options for iPhones. Sorry Mr. Johnson.
- Rosamilia, on 11/01/2007, -1/+7in a perfect world, you would've been hit by lightning while you were smugly typing out those three periods
- TheSabre, on 11/01/2007, -1/+7"where 0.001% innovate and reap the rewards, the rest sit on their asses and complain."
There, I fixed it for you. - inactive, on 11/01/2007, -0/+6People do this all the time. What on earth makes you think it is illegal?
- dotlizard, on 11/01/2007, -3/+8dunno 'bout you, but i'd do about a week's worth of work for that kind of dough.
- zeromancer, on 11/01/2007, -4/+9oh the things i would do for .001% of $112 million
- scaaven2, on 11/02/2007, -1/+6you don't need to do anything after this. he should quit and just do what the ***** he wants...
- inactive, on 11/01/2007, -6/+11Do you think it's any different with Windows? BSODs are caused by ***** third party drivers and applications.
- Urusai, on 11/01/2007, -5/+10If he played his cards right, he's not going to owe any taxes at all. The most he'll pay is 15 percent. Sucks to be you; you probably pay more like 30 percent. Thus is the privilege of being part of the new aristocracy.
- CraigJ, on 11/02/2007, -0/+5So he has to pay probably 40%. That means he gets to take home only about 65M free and clear. Yeah, sucks to be him for sure.
- inactive, on 11/03/2007, -1/+6He got out at the right time, what you said is the reason that you are not a successful investor and he is.
- jonnyeuchre, on 11/01/2007, -1/+6Like he gives a *****.
Hey, you don't want to pay taxes? Don't make money. - surf314, on 11/01/2007, -1/+5I don't know whether to digg you up because I think thats a Kurt Vonnegut quote or to digg you down because it is completely irrelevant.
- afx1, on 11/01/2007, -0/+4move the decimal over two more to the left before you multiply. he was correct.
- inactive, on 11/02/2007, -1/+5No. .001% is (.001 / 100) * 112,000,000 = 1,120
- CraigJ, on 11/01/2007, -0/+4http://en.wikipedia.org/wiki/Employee_stock_option
- vvaduva, on 11/01/2007, -1/+5Hillary? Is that you???
- NSResponder, on 11/02/2007, -0/+4Ron Johnson is probably the most talented executive to run a retail operation since F. W. Woolworth. When Apple decided to open stores, they went looking for the best, and they got him.
Bravo to Johnson for a job well done, from a very happy shareholder.
-jcr - c5kirk, on 11/01/2007, -1/+4and further it's only if you have an old version installed... I had the most recent installed and had no problems.
- Me1000, on 11/01/2007, -0/+3or vote for Ron Paul...
- sincewednesday, on 11/01/2007, -0/+3Only long-term capital gains. But I think Urusai's point is that the SVP gets qualified stock options, which can be immediately sold at the 15% rate, whereas an employee's non-qualified stock options sold immediately is a short-term captial gain, taxed at your (higher) marginal tax rate.
- SpykerSpeed, on 11/01/2007, -0/+3It doesn't directly build shareholder value, but stock options ensure the executives of a company have their interests aligned with shareholders. I bet he has a lot more options where those came from, he just chose not to cash them all out yet.
- blapierre, on 11/01/2007, -0/+3More like gross income. Wait until the Fed's take their slice.
- uptown, on 11/01/2007, -0/+3The question wasn't why he exercised the option. The question was why he sold them immediately after buying aside from the whole rolling around in a pile of money thing.
- CraigJ, on 11/01/2007, -0/+3I this is it short term, not long term. Since these are employee stock options not sure which applies, but since he exercised and sold the stock same day I think short...
- Pilot85, on 11/01/2007, -1/+4Are you thinking insider trading or something like that?
-
Show 51 - 100 of 158 discussions
© Digg Inc. 2009
— Content created and posted by Digg users is