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    Apple's iOS Chief Scott Forstall Sells 95% of His Company Shares Worth $38.7 Million

    ^_^^_^ Posts: 4,429
    via Wordpress in iPhoneHacks.com
    imageApple's iOS Chief Scott Forstall Sells 95% of His Company Shares Worth $38.7 Million

    Fortune reports that Scott Forstall - Apple's Senior Vice President of iOS software has just sold 95% of his company shares.

    Based on the SEC filing, Forstall - considered by many as CEO-in-waiting, sold 64,151 shares worth $38.7 million last Friday.

    Fortune reports:

    Read the full story here

    Comments

    • ChexChex Posts: 2
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      I thought it was odd that Forstall wasn't at the new IPad announcement. Now this. Maybe he is on the way out?
    • RLBaltRLBalt Posts: 16
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      Good point. Hmmm....
    • LarryLarry Posts: 54
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      Good. Time for Jony Ive to lead.
    • WillWill Posts: 104
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      There is this guy named Tim Cook who is actually the leader.And has actually been leading for the past several years backstage and only recently been onstage now that Steve Jobs is gone.That's why for Apple, it's been business as usual and it's progress hasn't changed.And WHO in their RIGHT mind would give up potentially $250 million dollars???By cashing in (and paying taxes) on those shares already divested, it's obvious he wants to enjoy some of perks that a $700,000 annual salary doesn't already get you.
    • olumaduolumadu Posts: 2
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      He smells something we all can't - "insider info!" Meaning the boat is about to tank. Apple is no longer holds monopoly over these gadgets, that is NOW clear.
    • PacomacPacomac Posts: 145
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      Yes right... You'd be dangerous in the wrong hands!
    • AntoniaAntonia Posts: 29
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      honestly he looks like a geek that got lucky. don't get me wrong, i wish i was that geek. but all his talks are lame, lacks self confidence... also i am not diluting his contribution, but meh... that other dude, director of hardware or whatever, seems much cooler AND WAY More excited about iOS stuff..
    • HayleyHayley Posts: 2
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      I agree. Lucky geek who now has so much leverage and a pocket full of fresh Apple money.. damn
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