Mike Wuerthele
Two high-level people at Apple — the chairman of Apple's board of directors, Arthur Levinson, and general counsel Bruce Sewell — recently unloaded a combined $10.1 million in Apple shares, according to required SEC filings.
Sewell garnered $2.5 million from the sale of 23,305 shares on August 5. Levinson sold 70,000 shares, generating $7.6 million on August 9.
Sewell has served as the company's general counsel since September 2009. To the public, he may be best known for March testimony in front of the U.S. House of Representatives Judiciary Committee on Apple's behalf, regarding the ongoing encryption debate between Silicon Valley and the federal government.
Levinson has served on the Apple board of directors since 2000, and has been the chairman of the board since 2011. Levinson is also the CEO of Alphabet's Calico life-extension initiative, and serves on the Broad Institute's board of directors.
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William Gallagher and Mike Wuerthele
27 Comments
Sounds like somebody's getting a new boat.
Let the predictions of rats leaving the sinking ship begin! This is a troll's paradise guaranteed to get loads of clicks.
And?
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You'd think Apple might have learned from the Schmidt episode.
Probably hit the timing where they could actually cash them in - or, lawyers and those with a lot of money tend to not try to pay for anything. Maybe it caught up to them and they have to finally pay their bills.