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Apple Stock

By Edited Aug 4, 2016 1 4

During 2010, Apple COO Tim Cook earned $59.1 million in total compensation that includes bonuses and stock options. he was in control of Apple on an interim basis when CEO Steve Jobs had to take a leave of absence to recuperate after receiving a liver transplant. Tim received a "special reward" - 75,000 restricted Apple shares and a $5 million discretionary bonus - in March that expressed his prominent accomplishments that benefited the company. In addition, his salary for 2010 was $800,000. All of his stock awards totaled $52.3 million. [1]

Apple's CEO Steve Jobs, who has 5.5 million shares of Apple stock, earns a salary of only $1. Moreover, he sits on the boards of both Apple and Disney. Since he came back to Apple to be the company's CEO in 1997, SEC documents that he has not redeemed any of the shares he received. [1]

In contrast, Tim Cook earned $1.64 million in 2009. His base salary will increase to $900,000 for 2011. Another executive, Bruce Sewell, Apple's general counsel will have a $50,000 increase to his salary. It was $650,000 in 2010, and it will rise up for the next year. His good fortune was made possible by an election of an Apple committee, which seemed like it was happy with Bruce's work - handling legal affairs. [1]

Planning for the Day CEO Steve Jobs Leaves Apple Again

Central Laborers' Pension Fund, which owns over 11,000 shares of Apple stock, wants to know what will Apple do whenever CEO Steve Jobs leaves the company. Apple responded in its regulatory filings that it plans to submit a proposal at the corporation's annual shareholder's meeting on February 23, 2011. If it is passed, then Apple would be mandated to take on and unveil a written and detailed (nonemergency and emergency) succession planning policies. The plan also expects Apple's board to work on criteria for the CEO position, which will echo the company's business strategy. Then a formal assessment process will be utilized to both evaluate candidates and to identify and develop top candidates from within the company. [2]

Apple's board of directors have already secured a succession plan and they think sharing it with the public would impair the firm's ability to retain and recruit top executive talent. They also said in the filings that they recommend the shareholders to vote against Central Laborers' plan. What is foreseen as what may happen is the company's competitors could entice the top Apple executives who aren't in line for the positions to grab another job or those same executives may voluntarily leave the company. [2]

A New CFO?

There is a report that Blackstone's Chief Financial Officer (CFO) Laurence Tosi was approached by Apple to be their new CFO. Nothing has been officially disclosed, but a report mentioned Apple has been preparing to change its CFO for the first time since 2004. On that year, Steve Jobs replaced Fred Anderson with Peter Oppenheimer. [3]

Apple is a Gigantic Corporation

Apple is seen as a hot, exciting company that people should know about because it has three valuable components: great marketers, great product designers, and grand innovators of technology. Its stock is known as a splendid trading conveyance and an prodigious long-term investment. [4]

There are also people being cautious about shares of Apple. A writer for T3 Live's blog (blog.t3live.com) has been on CNBC five times to argue in favor of Apple. The naysayers are concerned with Steve Jobs' not so stable health. They also feel the competing products are as good, if not better. Lastly, they see the stock's increase is due to groupthink. [4]

Appple has the second-largest market cap with $300 billion. It is growing to be as big as Exxon Mobil, which is the largest corporation base on market cap. If Apple were to be a sovereign economy, it would be ranked 31st - one place ahead of Greece and two places behind Iran. Furthermore, it would be placed 73rd just ahead of Dominican Republic if only cash and investments were to be calculated. Market cap isn't necessarily the same as a country's gross domestic product (GDP), but using both formulas help provide some idea on the sheer size of Apple. [4]

Mutual Funds With Shares of Apple

If you want to buy shares of a mutual fund that has Google stocks as part in its portfolio, then take a look at the list of the top mutual fund holders. [5]

1. Fidelity's Contrafund, Inc. has about 16.4 million shares of Apple stocks, which comprises 1.79% of its portfolio.
Reported on October 31, 2010

2. Vanguard's Total Stock Market Index Fund has about 9.8 million shares of Apple stocks, which comprises 1.07% of its portfolio.
Reported on September 30, 2010

3. Vanguard's 500 Index Fund has about 8.3 million shares of Apple stocks, which comprises 0.91% of its portfolio.
Reported on September 30, 2010

4. America's Growth Fund has about 8.2 million shares of Apple stocks, which comprises 0.89% of its portfolio.
Reported on September 30, 2010

5. SPDR's S&P 500 ETF Trust has about 6.9 million shares of Apple stocks, which comprises 0.75% of its portfolio.
Reported on September 30, 2010

6. Vanguard's Institutional Index Fund - Institutional Index Fund has about 6.7 million shares of Apple stocks, which comprises 0.73% of its portfolio.
Reported on September 30, 2010

7. Fidelity's Growth Company Fund has about 6.3 million shares of Apple stocks, which comprises 0.69% of its portfolio.
Reported on October 31, 2010

8. T. Rowe Price's Growth Stock Fund has about 5.7 million shares of Apple stocks, which comprises 0.63% of its portfolio.
Reported on September 30, 2010

9. College Retirement Equities Fund's CREF Stock Account has about 5.6 million shares of Apple stocks, which comprises 0.61% of its portfolio.
Reported on June 30, 2010

10. Janus' Twenty Fund has about 3.6 million shares of Apple stocks, which comprises 0.49 of its portfolio.
Reported on September 30, 2010


[1] http://www.macnn.com/articles/11/01/07/includes.reward.for.covering.for.jobs.absence/
[2] http://news.cnet.com/8301-13579_3-20027853-37.html
[3] http://www.stockbriefings.com/apple-inc-nasdaqaapl-hunting-blackstone-cfo/3171006
[4] http://www.istockanalyst.com/article/viewarticle/articleid/4794410
[5] http://finance.yahoo.com/q/mh?s=AAPL+Major+Holders



Jan 14, 2011 9:11pm
You forgot to mention my shares of Apple. Just over 1 BILLION!!!! Lol! Just kidding! I'm too poor for stocks.
Jan 15, 2011 3:57pm
Thank you manspaugh for reading and commenting on my article. I'm only kidding, but maybe you can buy penny stocks. I hope you'll enjoy your time here on IB.
Jan 15, 2011 2:00pm
Great information on Apple stock. My investment club used to own a few shares of Apple stock, but sold it after the crash in 2008. Wish we had kept it!
Jan 15, 2011 4:01pm
I can't blame anyone for selling any stocks after the 2008 crash. I think people would end up just keep on worrying about their stock if they decide to keep them. I think this is your second time you mentioned you're a part of an investment club. Maybe you can write about "How to Form an Investment Club."
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