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:

  • Dropbox buys out Loom photo storage/organization service - 1:55 PM EST
  • Briefly: Chromecast gains MLB.TV broadcasts, live YouTube - 1:41 PM EST
  • Briefly: RunKeeper's new Breeze app, Beamer 2.0 - 1:24 PM EST
  • Apple online store begins carrying refurbished Retina iPad minis - 12:24 PM EST
  • Sonos plans software update to make speaker system completely wireless - 11:50 AM EST
  • New Apple retail chief Ahrendts may not join until June - 11:13 AM EST
  • Apple to mark Earth Day 2014 at retail and on campus - 10:40 AM EST
  • Apple readies iOS 7.1.1, accelerates iOS 8 and OS X 10.10 testing - 9:54 AM EST
  • BBC iPlayer, Sky Go, Now TV iOS apps suddenly failing to stream video - 9:26 AM EST
  • Eyefi launches cloud storage service for Mobi Wi-Fi memory cards - 7:17 AM EST
  • Macworld gems: The Roost MacBook stand, iMacompanion USB port - 1:23 AM EST
  • Briefly: Text expander Typinator 5.9, PDFpen 6.2 released - 12:27 AM EST

    Today's iPodNN Stories:
  • Issues with XP Microsoft Security Essentials causing crashes, slowness - 2:17 PM EST
  • Google aims for January launch of Project Ara, organizes $100K contest - 9:51 AM EST
  • Nokia issues warning over faulty Lumia 2520 charger in Europe - 8:30 AM EST
  • Samsung, Amazon launch Kindle for Samsung app with free ebooks - 6:40 AM EST
  • Briefly: Frontback selfie app for Android, Bing's personalized cards - 11:27 PM 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.