Apple execs sell nearly $50 million of stock

Peter Burrows, writing for BusinessWeek, wonders why, when things are going so well at Apple, several of the company’s top executives recently cashed in nearly US$50 million worth of stock. “From Apr. 1 through Apr. 27, several top execs sold nearly 3 million shares worth at least $47.8 million, according to government filings,” notes Burrows. “After exercising options, operations and sales chief Tim Cook took home $14.8 million.

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