Disney CEO Bob Iger Loads Up On Apple Stock After Selling Shares In Disney

After cashing in on some of his stock options on Monday, Disney CEO Bob Iger has promptly reinvested some of the money into Apple, buying $1 million worth of shares, Business Insider reports.

Iger, who’s on the Apple board of directors, received $17.9 million from the Disney shares he banked.

Zenia Mucha, a Disney spokesperson on Iger selling his Disney shares:

He’s just diversifying his investments and still has a very large portfolio of Disney stock.

Apple’s have slumped lately (despite a recent resurgence over the past couple of days), so Iger probably saw it has the ideal opportunity to stock up, literally.
Henry Taylor-Gill

Henry is a student who is a huge Apple fan, and has used their products since day one. He can remember how happy he was when he received the first iPod back in 2001 as a birthday present. He has an international background, having spent most of his life in France but he now lives in the UK. He is also a native French speaker and can also speak Spanish at a decent level. In addition to tech, Henry is an avid sports fan and has his own sports blog.

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11 years ago