MacNN | Disney's Bob Iger buys $1 million in Apple stock
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums

Desktop Headlines
Disney's Bob Iger buys $1 million in Apple stock
Wednesday, November 21, 2012 @ 1:06pm

On Monday Disney CEO Bob Iger bought $1 million in Apple stock, according to a filing with the US Securities and Exchange Commission. The transaction comes just a week after Iger's sale of 1 million shares in Disney, pulling in a net $17.9 million. Iger joined Apple's board of directors in November 2011 as the company tried to fill in the gap left by former CEO Steve Jobs.

Regarding Iger's Disney sell-off, a Disney spokeswoman has previously stated that the executive is "just diversifying his investments and still has a very large portfolio of Disney stock." The extra investment in Apple -- Iger bought $1 million in Apple shares a year ago -- is presumably a part of that diversification. It may also serve as a sign of confidence in Apple, which has otherwise seen its shares slide significantly in the past several weeks.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store

Related Stories:

Today's MacNN Stories:

  • Pointers: Record audio from iPad and iPhone - 9:54 AM EST
  • Opinion: Should Apple release a desktop computer that runs iOS? - 8:56 AM EST
  • Get your Black Friday on with MacNN's Daily Deals crew! - 8:55 AM EST
  • MacNN Deals: Save an extra 15 percent in the Black Friday Blowout - 8:15 AM EST
  • Apple reportedly switching over to OLED for iPhone panels in 2018 - 7:08 AM EST

    Today's iPodNN Stories:
  • So long, and thanks for everything! - 2:31 PM EST
  • Lizard Squad member convicted over 50,700 computer crime charges - 9:58 AM EST
  • Microsoft offers grants to universities for HoloLens research - 7:25 AM EST
  • LG Display starts mass production of AIT display panels for notebooks - 7:47 AM EST
  • Briefly: EE fined £1M in UK, Unofficial YouTube app on Android Wear - 11:14 AM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.