Millions in bonuses to Apple execs

Tue, 09/30/2008 - 06:17 — Jonny Evans
58

 Apple has presented its senior executives with a series of generous restricted stock hand-outs, reflecting the company's growing Mac business, solid iPod sales and growing iPhone market share.

Millions of dollars in stock options were granted to a series of senior executives according to SEC regulation filings published today. These stocks appear scheduled to vest on March 24, 2012, "assuming continuous employment," Apple's filing explains.

Top of the pile, Apple's chief operating officer and number two guy, Tim Cook, was awarded 200,000 shares. He was closely followed by retail head Ron Johnson and chief financial guy, Peter Oppenheimer, who both received 150,000 shares.

Designer Jonathan Ive, marketing head Phil Schiller, Scott Forstall and Bertrand Serlet each trousered 120,000 shares.

With the company for just under a year, Apple's chief legal officer, Daniel Cooperman, received 60,000 stock options.

 

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Comments

Steve is still earning "only"

103

Steve is still earning "only" $1.- per year?

SO deserved...

64

I can't think of a group of individuals who could be more deserving of some fantastic rewards...

And this capcha is crappo..

65

And this capcha is crappo.. it took four times to get that through :(

At least these folks can

111

At least these folks can claim to have earned a big reward. Granted, if it were possible for Mr. Cooperman to have bought 60,000 shares Monday at $105 and sold today for $113, he would have pocketed ~$480,000 on top of his salary for less than a years work, but who begrudges success?

DESERVED!

114

DESERVED!

DESERVED!

74

DESERVED!