Think Different … Or Not!

On November 9, 2011, in Apple, Opinion, by Owen Rubin

According to Reuters and posted on the Huffington Post, Apple gave six of its top executives around $60 million in company stock bonuses EACH after the company recorded a record revenue of $108.25 billion last fiscal year.

The executives include the chief of software Scott Forstall, CFO Peter Oppenheimer, and marketing lead Phil Schiller, and three others that the article did not name. Each received 150,000 restricted Apple shares that fully vest on 2016, or about $60 Million based on Friday’s closing share price of $400.24, or about $360 Million  going to just 6  people. These are not options that they have to buy, but restricted stock, that becomes fully theirs in 5 years.

Continue reading »

Share Button

About Owen Rubin

Owen Rubin was one of the first people to program arcade video games for Atari a long time ago, and designed arcade video games for almost 15 years. He later joined Apple where he worked on both hardware and software projects, and was the key player on the MacLC, bootable CD, several pieces of Mac system software, as well as a contributor to many other CPU projects. He later worked for Pacific Bell to lead the design of services for the first commercial broadband system in the US, and then went on to be the lead researcher of broadband for Paul Allen's Interval Research. Since then, he has been an executive at a number of startups in security and semiconductors, and is currently the CTO of Edison Labs, a startup focusing on helping commercial clients write and develop mobile apps, especially for the iPhone, iPod, and iPad.

Looking for something?

Use the form below to search the site:

Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!