Facebook’s Sheryl Sandberg unloads stock, totaling $41M to date
$41m shares unloaded and price rises....no maipulation....sureeeeee
In recent weeks executives from Apple sold off a majority of their APPL shares, anticipating great financial changes as Congress grapples with the country’s fiscal situation in Washington, D.C.
Last week, two Apple executives including Senior VP of Internet Software and Services Eddy Cue cashed in company stock before the unknown results of the fiscal cliff.
The capital gains tax rate, which rests now at 15 percent, is set to expire Dec. 31, so we may see even more executives selling their stock up to that point.
The biggest concern for those holding onto some high-ticket stock is that the capital gains tax rate could revert to as much as 43.4 percent for the highest tax bracket — something proposed by President Barack Obama.
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