Apple execs, officers donate over $3 million to charity for the holidays
According regulatory filings with the Securities and Exchange Commission (1, 2, 3, 4), two members of Apple's executive team, as well as two of its directors, teamed up to donate nearly 10,000 shares of Apple stock between December 10th and 17th. At their current valuation, those shares are valued at roughly $3.2 million.
The most generous was Apple board member and J. Crew chief executive Millard Drexler, who gave away 6,800 shares on December 14th worth $2.17 million. Apple's Senior Vice President of Mac Hardware Engineering Bob Mansfield had four days earlier gifted 1,562 of his shares, worth just over half a million.
Also making donations were Apple chief financial officer Peter Oppenheimer and Apple board member Arthur D. Levinson, who on December 17th gave 1,320 and 277 of their shares, worth approximately $423,000 and $89,000, respectively.
None of the filings specify the recipient of the gifts, stating only that the transactions "represent a charitable donation."
21 Comments
How nice and newsworthy.
The most generous was Apple board member and J. Crew chief executive Millard Drexler, who gave away 6,800 shares on December 14th worth $2.17 billion.
Well, that would really be most generous. But you probably meant million, not billion
Well, that would really be most generous. But you probably meant million, not billion
With Apple what is a few factors of 10 these days eh?
Gifted to there partners! And then cashed in to save tax!
A handful of Apple executives and officers recently combined to donate more than $3 million worth of company shares to charitable causes.
Good thing Apple* isn't run by any of the well known Democratic Political leaders in Washington today, otherwise this article's headline would need to be rewritten to "Apple executives and officers recently combined to donate more than $3 thousand to charitable causes."
Vice President Joe Biden
Former Democratic Presidential Candidate John Kerry
*the exception - Apple BOD, Former Vice President and Global Warming Loon Al Gore
Former House Majority Speaker Nancy Pelosi
POS Senate Majority Leader Harry Reid shamelessly trying to take credit for money raised for a charity when a letter he and other Senatorial Democratic government representatives signed to try and pressure a private company into "firing" one of their employees was auctioned off and then Reid turns around and horn in on and take credit of the charitable money that was raised as if this was his plan all along. And I believe he still monetarily did not contribute at all to the 4.2 million raised... Guess his "letter" was enough! And those moron voters in Nevada vote this pure ass back into office?!!
The guy in the White House, Barack Obama
Most of those same democratic schmucks are still in some form of governmental power.
There may be some cheapskate Republicans and Independents but they don't go around campaigning against the evil rich, un-American Wall Street types and propagate a "Spread the Wealth" mentality as todays Democratic politicians seem to spout. However, don't get me wrong... Those people listed above are very charitable at wealth redistribution... as long as it's with other people's money!