Apple’s (AAPL, Financial) Timothy Cook, who succeeded company founder Steve Jobs as CEO shortly before Jobs’ death, sold more than one-third of a million shares of Apple stock Monday. Cook sold 348,425 shares and received more than $35 million for the holdings, which sold for $101.17 a share on Monday.
Cook got $35,250,157 for the shares.
Apple struggled following Jobs’ death in 2011, and there were rumblings that Cook would be replaced, but he appears to have revived Apple’s sagging fortunes. As GuruFocus observed recently, Apple shares have gained 82% in the last year.
Cook took over the reins of the company when Jobs was being treated for pancreatic cancer and has overseen the company through some trying times and high-profile product expansions, including the recent introductions of the iPhone 6 and iPhone 6 Plus. Following the iPhone release, the price of a share of company stock rose to just below its all-time high.
It hasn't been entirely smooth sailing for Apple since the iPhone release. Apple pulled an update to its operating system after some customers complained about dropped cellular service.
Cook’s attention hasn’t been entirely on product releases lately. Speaking at New York City's Climate Week, Cook said the new Apple headquarters, which is under construction in California’s Silicon Valley, will be “the greenest building on the planet.”
That was consistent with other remarks Cook made during the conference, in which he championed the cause of halting climate change, rejecting the contention that it is necessary to choose between business and the environment. “What we found is that both are doable,” he said. “If you innovate and you set the bar high, you will find a way to do both.”
