30.11.2012 03:20 Uhr, Quelle: MacNN

Apple VP Mansfield cashes out $20M in AAPL stock

As reported previously, a possible reason for the number of Apple executives cashing out some portion of their holdings in the company -- despite the fact that the stock has only just begun a recovery from a six-month low in price -- may be to avoid the strong possibility that taxes on capital gains are likely to go up in January. Newly-minted Senior VP of Technologies Bob Mansfield, the former head of hardware, has joined the club -- cashing in 35,000 shares to reap a pre-tax windfall of $20.3 million.

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