The top legal officers at Silicon Valley’s major tech companies collectively sold off more than $150 million in company shares last year, with Apple Inc.’s D. Bruce Sewell alone cashing out for $70 million, while Dorian Daley at Oracle Corp. and Google Inc.’s David Drummond both sold about $10 million worth of stock.
In fact, at almost half of the largest 50 Valley companies, the top legal officer sold at least $1 million in company stock last year. And at about half of the 50 companies, the top legal officer was holding at least $1 million, not counting unvested stock and unexercised option grants.
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