∞ Apple execs land big bonuses

Written by

CNet:

[Apple] on Wednesday doled out 150,000 shares each to most of its senior vice presidents, short of recently-minted SVP Eddy Cue, who received a slightly smaller 100,000-share bonus, and design guru Jonathan Ive, who is an SVP, but does not fall under the SEC’s section for directors, officers, and principal stockholders. That works out to just over a $60 million payday to those who got the 150,000 shares, with Cue’s cut coming out to a little more than $40 million, all based off today’s closing price.

Not a bad payout for Apple’s executive team. Given the company’s performance, it’s hard to find fault with the stock windfall. It’s dependent on them sticking around for another five years, however. The intent is clearly to continue stability in Apple’s senior management.


  • http://www.peelman.us peelman

    Yeah, I’d think if they gave me $40M in stock options, I might be inclined to show some loyalty.  Not to mention do my damnedest to make sure it turned into $80M or $90M in options before I retired…

  • Anonymous

    I think stability is something Apple needs to maintain at the top right now. With Steve gone the last thing people want to see is an exodus of their upper ranks, that wouldn’t send the right message. Option grants like this work well in retaining talent, but when that 5 years is up hopefully they will stick around.

  • Anonymous

    I think stability is something Apple needs to maintain at the top right now. With Steve gone the last thing people want to see is an exodus of their upper ranks, that wouldn’t send the right message. Option grants like this work well in retaining talent, but when that 5 years is up hopefully they will stick around.

  • http://twitter.com/pberry Patrick Berry

    Imagine that, bonuses for excellence and not just for showing up.

    • http://www.thegraphicmac.com JimD

      Yeah, clearly they don’t subscribe to the Fannie Mae and Freddie Mac bonus scenario where you’re paid $6 million in bonus money for “not doing a damn thing, but not f#cking up either.”

  • http://www.theuniversalsteve.com Anonymous

    Too bad for them that they didn’t have a hand in destroying our economy. The bonuses for that are much, much larger and you get them right away.