Apple Stock Manipulation
This article Apple Shares was written by me on January 28, 2007, but I never got around publishing the article. The article was in response to the SEC investigations of Stock Options irregularities in Apple Inc. What happened was that I spun off a new article from Apple Shares - "AAPL – Apple Computer, Inc", and I put the lid on the article.
Since my lost flash disk fiasco, I regularly save everything I write on my external hard drive. I was going through my saved files and came across this article, and I decided to take it out of the cold storage and post it. On a note, some of the information that is listed below might be dated as of January 28, 2007. I have updated some things, but this article will have information that pertains from that day along with current information as well.
In Apple, Inc. 10-K Annual Report, the company revealed that incorrect measurement dates were used for finance financial accounting purposes for certain stock option grants made in prior periods. The Special Committee found no misconduct by current management, and that the investigation found that CEO Steve Jobs was aware or recommended the selection of some favorable grant date, but he did not financially benefit from these grant.
Since there is a federal investigation going on Apple, Inc. for the irregularities in Stock options grants, I thought it would be appropriate to publish the biggest / largest shareholders of Apple, Inc.
Most of the shareholders of Apple Inc are Institutional and Mutual Fund Owners. They combined own a a 69% of Apple Shares. Largest Institutional Holders of Apple Inc Shares include Fidelity Management and Research Corp, AXA, Barclays Global Investors UK Holdings, State Street Corporation, Vanguard Group Inc, Janus Capital Management, Calamos Advisors, Mellong Financial Corporation, Jennison Associates, and TIAA-CREF Investment Management. Fidelity Management which is the largest institutional holder of Apple Stock holds 57,162,311 shares, or 6.70%. Fidelity and other institutional holdings of Apple Inc was as of 30th September 2006, as such there may have been some changes since then.
Steve Jobs, the symbol of Apple Inc owns about 5,426,451 shares as of 19 March of 2006. The ownership of these stocks is direct. Other notable direct shareholders include Levinson Arthur - A director at Apple Inc, who owns 253,015 shares of Apple. Tamaddon Sina, another officer in Apple Inc owns 153,308 shares of Apple as of March 24, 2006; Johnson Ronald B, owns 149,890 shares of Apple Inc as of 2nd February 2007, and Peter Oppenheimer owns 149.768 shares of Apple.
I also have writing Financial Analysis on Apple Inc, if you guys want to read further information on the company. Other articles also include Apple Stock Performance, and Why Steve Jobs has conspired with the devil.
Apple Dividend Policy
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