Top managers of Apple received $13 million in shares of the company
09.04.2017 Erika J. Wells 0 Comments
The leaders of Apple have received from the company stock worth about $13 million each, according to data from the report to the Commission on securities and stock exchanges of the USA.
The document says that Apple COO Jeffrey Williams, General counsel of the Corporation copyright Bruce Showel, Vice President of worldwide product marketing Phil Schiller, senior Vice President, development of online services eddy cue, senior Vice President in the division of Mac Software Engineering Craig Federighi and senior Vice President of Hardware Engineering division Dan Rozzi received 94 010 Apple stock as bonuses to retain them in the company. The stake today is estimated to be worth about $13.6 million
Two pack for 40 955 shares received Angela Ahrendts, head of retail and online sales of Apple, Luca Maestri, chief financial officer of the company. The cost of each package is currently $5.93 million Securities will be granted to top managers in several portions within a few years. Issuance of restricted shares is standard practice for large corporations to enable you to motivate key employees.
High bonuses for executives of Apple are not unusual. So, in August 2012, the Board of Directors of the company delivered to the Director General Tim cook 1 million shares of the company, the market price of which at that time was $383.6 million to dispose of it However they will only be in 2021.
Securities will depart in the property cook only on the condition that he spent 10 years working in Apple. This practice of the “Golden handcuffs” is used in Cupertino long, and applied it even to Steve jobs. In 2003, he received 10 million shares of the company on the condition that cashes them no earlier than 2005.