Six Vice-presidents, Apple received a $10 million in shares of the company
Six top managers of Apple have received from the company shares worth more than $10 million this is stated in the report, Apple for the Commission on securities and stock exchanges of the USA.
The document says that senior Vice President of worldwide development of online services eddy cue, senior Vice President of Hardware Engineering division Dan Roccia, senior Vice-President in the division of Mac Software Engineering Craig Federighi, Vice President of worldwide product marketing Phil Schiller, General counsel of the company copyright Bruce Showel and COO Jeffrey Williams received 87 578 Apple stock as bonuses to retain them in the company.
These shares today are worth around $10 million Securities will be granted to top managers in several portions over the next three years. Issuance of restricted shares is standard practice for large corporations to enable you to motivate key employees.
Such high bonuses to top managers are not unusual for Apple. 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.