I think they will show a lot more interest in what Cramer did with that info. He manages a fund also. I don’t think Cook did anything wrong.
Exactly. Cooks job is to promote Apple's and AAPL's stability. . . He is authorized to make statements on behalf of the company and to get them disseminated. Giving that information to a journalist at CNBC who has a program that is aired just as the market opens on Monday morning is sensible. All others will be reporting in limited print, internet, or later media. The one who "reported" the so-called violation was CNBC's weekend-anchor who doesn't have a program until this weekend. . . nor a podium to speak from until later in the day. Personally, I think he was jealous that he did not get an email too. However, what was HE going to do with it? Scoop his own network?
Now, it it turns out that Jim Cramer bought in for his fund and then announced it, and then sold on the spike upward, then there would be hell to pay for him. What we are talking about there is day trader shenanigans, not the stuff that fund managers would do. But the market was not open. . . and after-and-before hours trading for funds is not possible. They have to wait until the market opens for their orders are exercised. As far as I can learn, Cramer lead off his report with the Cook missive. That doesn't give much time for him to act.