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Six Apple execs cash in options (SiliconValley.com)







Six Apple execs cash in options
(SiliconValley.com)

Six Apple execs cash in options
(SiliconValley.com)
05/17/2004 06:13 AM

SiliconValley.com - With the popular iPod music player driving their company's rising share price, six top Apple Computer executives cashed in stock options for multimillion-dollar gains last month.




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Six Apple execs cash in options (SiliconValley.com)

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Six Apple execs cash in options 05/17/2004 08:52 AM
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Apple execs cash in on options 07/26/2004 03:54 PM
Executives at Apple have exercised stock options for approximately US$154 million so far this year, according to insider transaction data from Thomson Financial...

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Two execs, VC sell Callidus shares
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Sun to buy StorageTek for $4.1
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House Says Options Expensing OK for Top
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The U.S. House of Representatives has buckled under pressure from technology companies and wants to intervene with accounting standards bodies to let companies keep misleading their investors. That's the bottom line in Tues day's U.S. House of Representatives vote (Mercury News) to allow companies to continue to hide the cost of stock options from the bottom line. It's a shame to see this, but not surprising. The House did say that it would require companies to expense options granted to the five top executives in many companies. Apparently, financial transparency is sort of, kind of, sometimes useful, after all. A better idea would have been to eliminate options entirely for those senior folks. They have the most incentive -- and the most ability -- to tweak financial results to get short-term advantage that gives them giant paydays when stock prices rise. Keep options for the rank-and-file, but account honestly for them. The whole thing is probably a charade, anyway, because the Senate seems unlikely to go along with the House on this. Eventually, stock options are going to be expensed. Eventually, Silicon Valley will face reality.

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Apple senior vice presidents Avie Tevanian and Jon Rubinstein cased out a chunk of options last week. By Macworld UK (via MyAppleMenu)

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Apple cuts prices of new versions of
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