Buisness Insider

Disney's CEO Is Selling His Company's Stock And Buying Apple (DIS, AAPL)

Bob Iger

On Monday, Disney CEO Bob Iger bought $1 million worth of Apple shares, an SEC filing revealed. He's on Apple's board of directors.

That's really interesting, because Iger exercised a million options on Disney stock last week, netting $17.9 million.

“He’s just diversifying his investments and still has a very large portfolio of Disney stock,” Zenia Mucha, a Disney spokesperson, told Bloomberg at the time.

So he seems to have put some of that cash right to work, in a company he happens to be very familiar with.

When an insider, like a board member, buys stock on the open market, it's usually considered a bullish sign. Apple shares have slumped lately amid concerns of increasing competition and tightening profit margins.

Iger also bought $1 million worth of shares a year ago at prices around $375 a share, shortly after joining Apple's board.

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Increased Tax Rate Makes Jose Reyes The Biggest Loser In Marlins Mega-Trade

Miami Ballpark Miami Marlins Jose Reyes

Last night, the Miami Marlins essentially gutted its team (again), sending five players to the Toronto Blue Jays.

The biggest loser in the deal may be Jose Reyes, who will now have the $96 million left on his contract taxed at a much higher rate.

With the Marlins, Reyes was playing in tax-friendly Florida. And without a state income tax, Reyes would have paid just 39.6% in taxes, or about $38 million over the next six years. In Ontario, Reyes will pay over $43 million in taxes, based on a 45% tax rate cited by Darren Rovell of ESPN.com.

In other words, this trade will cost Reyes over $5 million in taxes.

Then again, the Marlins made this trade just one year after moving into a new $600 million stadium paid in large part by the citizens of Miami-Dade County. So maybe the Marlins fans are the biggest losers.

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Indianapolis Colts Cheerleader Will Shave Her Head If Fans Raise $10,000 For Leukemia Research

Megan M Colts Cheerleader

Earlier this season, Indianapolis Colts head coach Chuck Pagano was diagnosed with leukemia.

Colts players shaved their heads in honor of their coach and we watched Pagano deliver one of the most inspiring pre-game speeches we've ever heard.

And now, the Colts cheerleaders are getting behind Pagano. Cheerleader Megan M. said she would shave her head if fans raised $10,000 for leukemia research by November 25th, according to FOX59.

Pagano just started a second round of chemotherapy last week.

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