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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth R Miller who wrote (24095)	4/17/1999 1:32:00 PM
From: J R KARY	Read Replies (3) \| Respond to of 213177

Where is the outrage ? $10,600,000 in options for 8 months work for (Mr Cook as an example) an executive who also rec'd $500,000 to join AAPL (July ?) for a executive salary , then dumps his shares . Maybe I'm missing it but how can an investment analyst recommend buying this stock knowing its top executives are habitual sellers ? Plus what does this do to employee/management morale when AAPL's leaders sell out at $36/shr , which is their current option reward level ? This stock should be selling in excess of $50/shr considering it had reached $47.30 this Jan. Additionally an appreciating stock attracts investors who are likely to become customers . Management seems self-centered . The note's buy-back will probably not be that but dilution through conversion at a share price coincidently suppported by (delayed) 3Q corporate good news . Look for more executive share dumping . Awarding executive options without a vesting schedule invites greed , poisons analyst's minds and taints any company share buy back . The only comfort is that AAPL's Board members have not sold their shares and they are on record , with Mr J , to preserve shareholder value . If so, the Board should step up and prevent further $10,600,000 windfalls by amending the existing option plans with a suitable vesting schedule . Jim K.