Bob Mansfield, Apple's un-retired SVP of Technologies, is another high-ranked executive to cash in shares of AAPL stock after an "insanely insane" sell-off that saw a quarter of Apple's market cap wiped off. Like other executives, Mansfield likely figured the move makes financial sense ahead of a rumored "fiscal cliff".
According to a U.S. Securities and Exchange Commission filing, Mansfield, a long-time Apple veteran, unloaded 35,000 shares. At $582.21 a share, the transaction earned him $20,377,507.50. He still holds 29,548 shares and will get another 150,000 shares in June 2013 and March 2016 provided he stays with Apple.
Though Mansfield wanted to retire, Apple's boss has managed to convince him to stick around for two more years. If Cook gave me a $2 million a month paycheck as a compensation for an advisement position, I'd also un-retire in a heartbeat....