Senior executives and board members made big year-end gifts to charity
Forms filed with the Securities and Exchange Commission Tuesday show two senior Apple (AAPL) executives and two board members taking advantage of the stock's record-high prices to donate nearly 10,000 shares between Dec. 10 and Dec. 17.
The single largest donation was made by board member Millard Drexler, current CEO of J. Crew (JCG) and former chairman of The Gap (GPS). According to his SEC Form 4, Drexler made a bona fide gift of 6,800 shares on Dec. 14, a day on which Apple closed at $320.29. That makes his gift (or gifts) worth something on the order of $2.178 million.
The other donations:
No recipients were named. Spreadsheet below the fold.
Google is ramping up its efforts in Washington to influence lawmakers according to a Consumer Watchdog press release
Google (GOOG) started its 'goodwill mission to Washington' with the following statement in 2003:
"We established a Washington presence because we felt like it was important to give our users a voice in Washington. Technology can be complicated. We absolutely believe taking the time to help people understand our business is a worthy MORESeth Weintraub - Apr 21, 2010 5:20 PM ET
When the Federal Trade Commission began investigating Apple (AAPL) and Google's (GOOG) overlapping boards, it was just a matter of time before they got to Arthur Levinson.
Levinson, the former chairman and CEO of Genentech (DNA), joined Apple's board in 2000 and Google's in 2004.
Since then, the two companies have become increasingly competitive, and last May the FTC began an inquiry into whether the presence of Levinson and Google CEO Eric MOREPhilip Elmer-DeWitt - Oct 12, 2009 11:13 AM ET
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