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Apple execs cash in on stock options







Apple execs cash in on stock options

Apple execs cash in on stock options 03/17/2005 03:06 AM

In its annual proxy statement filed with the SEC today, Apple disclosed the salaries and stock option earnings of its top executives...




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Apple execs cash in on stock options

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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


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...

Six Apple execs cash in options
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Six Apple execs cash in options
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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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Apple execs sell nearly $50m of stock 04/29/2004 05:08 AM
Peter Burrows, writing for BusinessWeek, wonders why, when things are going so well at Apple, several of the company's to executives has cashed in nearly US$50 million worth of stock...

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House Says Options Expensing OK for Top
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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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During the boom years, people were giving up high salaries to take jobs where they received piles and piles of stock options, believing that their dot com lottery tickets were guaranteed to bring them insane wealth. While it worked out for many people, many more ended up with nothing more than a lesson in the downsides of risk. You might think, in these "back to reality" times, stock options wouldn't be as big a draw any more, but that turns out to not be true. Employees still want stock options - and it's for the same reason that stock options were originally created: to give the employees a sense of ownership in the company they work for. While most admit that it doesn't change their day-to-day behavior (and it shouldn't), it does make them more loyal and more likely to keep track of how the company is doing overall. It's just that most people don't expect to cash in their options a year after joining a company and retire to travel the world.

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In doing some filing tonight I ran across some old paperwork. Sitting next to me now is a NOTICE OF STOCK OPTION GRANT from Yahoo Inc. to Jeremy Zawodny (at my old address). It grants me thousands of options to buy YHOO at a strike price of $390.25. These options expire on 12/28/2009. Heh. That's my initial grant from 5 years ago when I started at Yahoo. Can you say "joined just before the bubble burst?" I thought you could....

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Apple execs cash in on stock options

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