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Tag - Directors
Less than a week after Apple CFO Peter Oppenheimer sold some of his AAPL holdings to the tune of $16.4 million, two other members of Apple's board have let go of smaller amounts of stock, grossing a total of $19 million before taxes in recent days. Long-standing board member and J. Crew CEO Millard Drexler sold 32,562 shares in the company (gaining $14.6 million) while Intuit Chairman William Campbell sold 10,000 shares for a gross gain of $4.4 million. Both men sold shares awarded to them from their director stock options.
A recent SEC form filed by Apple could be an indication that the company will lose another board member, according to Fortune. The document discloses that Bill Campbell has executed a "non-sale transfer" of 60,000 shares of AAPL stock. The shares, which include Campbell's directors options, are estimated to be worth approximately $17.7 million.
Amid the ongoing Yahoo financial drama, Edward Kozel, a member of Yahooís board of directors, is stepping down from his position to spend more time with his family and the company has postponed its annual meeting until the end of July. MarketWatch reports that the news comes as billionaire Carl Icahn sets is sights on replacing Yahooís board in a proxy war, and could be Kozelís way of dealing with not wanting to lose face in the eyes of other potential companies. Kozel announced he would be focusing on personal matters, including a move with his family to Europe in the summer.
Apple has officially announced its annual meeting of shareholders, where stockowners will elect the company's Board of Directors and ratify the appointment of KPMG LLP as Apple's independent registered public accounting firm for fiscal year 2008. Also on the agenda are considerations for two shareholder proposals, which are listed below. The meeting is scheduled to take place on March 4th at 10:00 a.m. local time in Building 4 on the company's Cupertino campus.
Now AAPL Stock: 94.2 ( + 0.18 )
Invisible wall mount for iPad Pro, mini
Computing hardware mounting company Wall-Smart has announced the availability the new "invisible" wall mount, with models for the iPad Pro, iPad Air 2 and iPad mini 4 -- all with no bezel. The invisible mount includes ¬≠Power Over Ethernet to USB, which allows charging while in-wall, and is available for both drywall and solid surfaces such as solid wood panels or partition walls. Prices vary widely by iPad model, and required mounting hardware. http://bit.ly/1SE5jCO
Kingston buys IronKey secure USB tech
View-Master VR device in Apple Store
Apple brings iTunes Movie Trailers app to Canada
Apple expands CloudKit API, provides web interface
Remote S for Tesla Apple Watch app drives car out
Seagate 3TB unreliability suit expands
The Seagate 3TB class-action hard drive lawsuit has been expanded to more devices. The expanded suit, filed today, now includes Seagate's Barracuda 3TB Hard Disk Drive,¬†Desktop HDD 3TB, Backup Plus 3TB External Hard Disk¬†Drive,¬†GoFlex 3TB External Hard Disk Drive, or any other Seagate hard drive with model number ST3000DM001. The law firm, Hagens Berman, is seeking information from consumers such as time in service, purchase price, and the nature of any drive received in return from Seagate as a replacement for a failed unit. http://bit.ly/1Pc34Cq