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New Apple Board Member Bob Iger Buys $1M In AAPL Shares

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igerNewly appointed Apple board member and Disney president and CEO Bob Iger purchased 2,670 shares of Apple stock on the open market, according to a filing with the SEC. The average purchase price of the shares was roughly $375, valuing the purchase at $1,001,250.

The large open-market purchase shows Iger's faith in the future of Apple. When he was appointed director, Iger was awarded 142 restricted stock units, or RSU's, which vest into AAPL shares in February of 2012. His wife holds 75 shares of Apple from before he was appointed director.

Non-employee Apple board members are typically paid $50,000 per year in compensation for their time, plus an annual stock award in the form of RSU's.

While a nice perk, Iger's pay as an Apple director is small change. His compensation package from Disney totaled more than $29.5 million dollars in 2010.

Top Rated Comments

J
jordanjclay
187 months ago
"small change"

The idea that $29M is small change is ludicrous.

He is the 1%.

Step 1: Learn to read
Step 2: apply recently learned skill
Step 3: contemplate what was read
Step 4: refrain from posting asinine comments
Score: 26 Votes (Like | Disagree)
QCassidy352 Avatar
QCassidy352
187 months ago
"small change"

The idea that $29M is small change is ludicrous.

He is the 1%.

you misread that. It says the compensation from Apple is small change *compared* to the $29M he gets from Disney. Yes he's still the "1%," but it's not saying $29M is small change.
Score: 19 Votes (Like | Disagree)
firestarter Avatar
firestarter
187 months ago
I would say that he knows something that we don't fully. He is a new board member and will have a huge insight into what Apple are doing with regards to Media partnership and licensing deals with Apple TV. Apple TV and the living room takeover is going to be huge... So lets see what his investment will be like in 10 years time, its all relative, the time is now.

No... $1M isn't a serious amount for a guy like that.

He's just being friendly and showing he has some 'skin in the game'. It enhances his credibility amongst other board members, and the shareholders.
Score: 12 Votes (Like | Disagree)
plumosa Avatar
plumosa
187 months ago
I have no concept of having that kind of money. I just recently brought myself out of debt and am no longer living paycheck to paycheck--I even have a small, but growing savings account. All the same, I will probably never have anything more than a comfortable cushion for when things go wrong.


What do you do with it after you've bought a nice house and car? $29M is a lot of money. Buy an island?
Score: 10 Votes (Like | Disagree)
S
slrandall
187 months ago
In before all the "1%" haters arrive :rolleyes:

Almost made it, haha.

Why do people hate on those who are successful?
Score: 10 Votes (Like | Disagree)
OrangeSVTguy Avatar
OrangeSVTguy
187 months ago
Imagine if he had bought $1m worth of shares 10 years ago!
Score: 9 Votes (Like | Disagree)
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