Wednesday, October 04, 2023

75,000 Healthcare Workers Participate in Pickets...Strikes approved in 4 or more States


The Coalition of Kaiser Permanente Unions, representing about 85,000 of the health system's employees nationally, approved a strike for three days in California, Colorado, Oregon and Washington, and for one day in Virginia and Washington, D.C. Some 75,000 people were expected to participate in the pickets.

Health care workers picket outside US hospitals in multiple states, kicking off 3-day strike



LOS ANGELES (AP) — Tens of thousands of Kaiser Permanente workers took to picket lines in multiple states on Wednesday, launching a massive strike that the company warned could cause delays at its hospitals and clinics that serve nearly 13 million Americans.

The Coalition of Kaiser Permanente Unions, representing about 85,000 of the health system’s employees nationally, approved a strike for three days in California, Colorado, Oregon and Washington, and for one day in Virginia and Washington, D.C. Some 75,000 people were expected to participate in the pickets.

“Kaiser has not been bargaining with us in good faith and so it’s pushing us to come out here and strike,” said Jacquelyn Duley, a radiologic technologist among the hundreds of picketers at Kaiser Permanente Orange County – Irvine Medical Center. “We want to be inside just taking care of our patients.”

The Oakland, California-based nonprofit company said its 39 hospitals, including emergency rooms, will remain open. Doctors are not participating, and Kaiser said it was bringing in thousands of temporary workers to fill the gaps. Still, appointments and non-urgent procedures could be pushed back.

Early Wednesday, workers at Kaiser Permanente Los Angeles Medical Center cheered as the strike deadline arrived. The strikers include licensed vocational nurses, home health aides and ultrasound sonographers, as well as technicians in the radiology, X-ray, surgical, pharmacy and emergency departments.

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SIGN OF THE TIMES: Apple CEO Tim Cook Offloads $88 Million Of Shares—His Biggest Selloff In Years

 


KEY BACKGROUND

The disposals from Cook and other insiders come after a rare slump for Apple on the stock market. The company slid 9% during September’s broader downturn, by far its worst month of 2023. Apple remains by far the most valuable company in the world with a $2.7 trillion market capitalization. That’s a $628 billion increase year-to-date, though it’s a $376 billion slip from the company’s all-time high valuation of $3.1 trillion achieved in July.

FORBES VALUATION

Cook is worth $1.9 billion, according to Forbes’ latest estimates. He owns 3,280,052 shares of Apple common stock, about .02% of all outstanding shares, a stake worth about $565 million.

TOPLINE

Apple CEO Tim Cook just executed his largest sale of his company’s stock in more than two years, according to regulatory filings late Tuesday, as the billionaire cashes in on his company’s waning $628 billion surge in valuation this year.


Apple CEO Tim Cook Sells Shares Valued at About $88 Million

KEY TAKEAWAYS

  • Apple CEO Tim Cook sold 511,000 shares of company stock valued at about $88 million in his biggest sale of shares since 2021.
  • After the sale, Cook still held 3.28 million shares of Apple.
  • Apple shares have fallen about 12% since hitting an all-time high at the end of July.

Apple (AAPL) CEO Tim Cook made his biggest sale of company stock in more than two years as shares of the iPhone maker have lost ground since hitting an all-time high this summer.

In a regulatory filing, Cook reported he sold 511,000 shares at between $171 and $173 each for a total of $87.8 million.1 He still holds 3.28 million shares. In August 2021, Cook sold about 4.6 million shares valued at more than $750 million.


Apple CEO Tim Cook Sells $36 Million in Stock
Apple CEO Tim Cook reaped a $36 million windfall from selling a block of compensation stock that had previously been restricted, according a new SEC filing. WSJ's Lee Hawkins explains. Photo: ...

Top stories
7 hours ago — ... CEO Tim Cook disclosed selling 511,000 common shares of the iPhone giant worth about $88 million. Of the shares, 270,431 were used for taxes ...
6 hours ago — The share sale was worth about $88 million before accounting for taxes, as per a regulatory filing on Wednesday. The chief executive still owns ...
7 hours ago — Do Not Sell/Share My Info · Help Center. Sign in. Get New York, NY updates delivered to you daily. Free and customizable. Email Subscribe. By ...