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Apple Retail Vice President Jerry McDougal Departs

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January 18, 2013 10:36:46 AM

"reportedly left the company to spend more time with family and not for work-related reasons."

"Spending more time with the family" means "work-related reasons" in P.C. language.
January 18, 2013 10:57:06 AM

Slowly Apple is turning back into the Apple of the 80s and 90s when Steve Jobs was in exile.
January 18, 2013 12:07:57 PM

He probably knows Apple is going under and decided to cash all his stocks and leave.
January 18, 2013 12:33:08 PM

steve360Slowly Apple is turning back into the Apple of the 80s and 90s when Steve Jobs was in exile.

It's for the best.
January 18, 2013 12:55:02 PM

how much money do you have to make to quit your job for family? yes family is important but you need some source of income to support it
January 18, 2013 12:59:46 PM

When people talked about "bean counters", I never thought they were talking about a literal guy. And he's from Finance, no less!

@house70: Typically, "spending more time with the family" really does mean just that. When someone is forced out for incompetence but not outright fired (with cause), they usually describe it as "pursuing other opportunities". The reason is simple: If he's forced out but is purportedly trying to spend more time with his family, then things get awkward if he starts looking for another job. The messaging alone could put the company at risk of a lawsuit because of a damaged reputation or whatnot.
January 18, 2013 1:05:37 PM

He wants to sell his stock/options before its value go down further. When you are a high-position insider, there is restriction on sale of your stock/options. You have to leave the company to sell them before the stock price deep down.
January 18, 2013 1:26:12 PM

@MKBL: Wrong. If he has insider information, then leaving the company does not suddenly allow him to sell with impugnity. Just ask Martha Stewart how that worked out for her when she sold as an "outsider" with insider info.

Executive insiders can sell - they merely have to do what's called a "planned sale". Basically, they announce an intention to sell at a future date in time - or even a pattern of dates. That future date is selected based upon when all currently-known insider info is expected to be either public or no longer material. They can even put rules on it, such as "Only sell when the price goes below X or above Y."
January 18, 2013 2:10:21 PM

After certain period once he left the company- three month I presume-, he can sell all at once, without such hassles. If he bet on the projection that Apple is going down in the near future and he wanted to rake in certain profit before that would happen, the best thing he could do is to leave the company now, and sell the stock the first day that he can sell without restriction. That's not insider trading.
January 18, 2013 2:19:17 PM

Now people are heading for the lifeboats before the iTanic goes down?

Kidding. That's a bit extreme.

If you've read my posts before, you know i'm no Apple-lover. But be realistic, Apple stock is not going to tank. Yes it has dropped significantly, but it's only the market correcting for what was a ridiculously over-valued stock to begin with. It's going to fall further before year's end, but it's still going to be a very valuable stock. Despite that, you probably don't want to be in this stock right now, because regardless of whether it nose dives or not, it's not going back up much, that's for sure.

It is hilarious to read up on hysterical investors on investing forums screaming at how this is all bullshit and it's a conspiracy to destroy Apple and so forth. Check out Rocco Pendola's pieces over at TheStreet...he posts multiple whiney articles every single day about how much of a travesty it is that Apple's stock is falling, and how Apple still "has no competition". There are some seriously deluded individuals out there.
January 18, 2013 2:56:49 PM

Wait till they post the news that Apple has sold 200 million iPhones in the same period Samsung sold 130 million Galaxy S series and maybe people will stop being so pessimistic. Apple has blown Samsung out of the water by all accounts!
Anonymous
January 18, 2013 4:25:11 PM


pacomac 01/18/2013 5:56 PM
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Wait till they post the news that Apple has sold 200 million iPhones in the same period Samsung sold 130 million Galaxy S series and maybe people will stop being so pessimistic. Apple has blown Samsung out of the water by all accounts!


you are delusional! apple is losing share price market share and demand!

You isheep are the dumbest when it comes to tech or the market!
January 18, 2013 4:25:50 PM

pacomacWait till they post the news that Apple has sold 200 million iPhones in the same period Samsung sold 130 million Galaxy S series and maybe people will stop being so pessimistic. Apple has blown Samsung out of the water by all accounts!


That may be true but how many times can you sell the same phone to the same person before they begin to catch on. The 4S and 5 brought nothing new to the table aside from internal hardware changes that the iSheep are barely aware of. Any new features added were ripped directly from android (turn by turn nav anyone? Had it since my original milestone 3+ years ago). I'd bet money that many of those sales were to the same person time and time again (i.e., they bought an iPhone, and iPhone 3G, 3GS, 4, 4S and 5). Every time one of those people shift away from apple for a more feature rich android apple loses more than just one sale. Samsung may have been later to the game (debatable depending on which evidence you consider) but they are the ones truly pushing development forward now. I remember apple laughing at the note saying it was stupid and wouldn't sell. Too bad it started an entirely new market segment for the "phablet". We'll see where we are in a year or two. Also apple's consumer interest is starting to wane while Samsung's is growing. Maybe apple will take the lead back, maybe the won't but to say they blow them out of the water is a little naive given the current state of the market.
January 18, 2013 5:20:53 PM

pacomacWait till they post the news that Apple has sold 200 million iPhones in the same period Samsung sold 130 million Galaxy S series and maybe people will stop being so pessimistic. Apple has blown Samsung out of the water by all accounts!


What you are completely missing in your otherwise correct numbers is the fact that the ratio between the two has thoroughly flipped during the time period of the snapshot. At the beginning of that period, iPhones were outselling Galaxys by multiples upwards of 5. At the end of that period, Galaxys are outselling iPhones. Numbers are one thing, however when looking at the future, trends are more important. For the last quarter, Galaxy had the lead over iPhone, and after looking at all the indicators available, the consensus from market analysts is that the Galaxys lead actually increased over the last quarter. So, yes, you will see Apple unveil record Q4 sales next week, there's no doubt about that. The alarming part to Apple investors is that Samsung will likely post even better sales for Q4.
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