Apple awards raises to key executives
Apple COO Tim Cook was among the executives that received $100,000 raises to start Apple's 2009 fiscal year.
(Credit: Apple)Apple awarded three key members of its executive team with $100,000 raises to kick off its 2009 fiscal year.
Chief operating officer Tim Cook, chief financial officer Peter Oppenheimer, and senior vice president of Mac hardware engineering Bob Mansfield will have a little more cash in their pockets this year courtesy of Apple's board of directors, the company revealed in a proxy filing Wednesday. Cook now makes $800,000 a year, while Oppenheimer makes $700,000, and Mansfield makes $600,000.
This was the first raise for Cook and Oppenheimer since October 2005. Mansfield received a raise just prior to his promotion to his current role, and is now the third most-highest paid executive at Apple. Mansfield displaced retail chief Ron Johnson among the group of Apple's highest earners that must report their compensation to the SEC.
All three executives also received large restricted-stock grants during the past year: 200,000, 150,000, and 120,000 for Cook, Oppenheimer, and Mansfield, respectively.
CEO Steve Jobs, of course, still makes just $1 a year. But he holds 5.5 million shares of Apple stock, by far and away the largest amount held by any members of the Apple executive team.
The proxy filing was primarily distributed to set the date for Apple's annual meeting in Cupertino, which will take place on February 25. Four shareholder proposals will be considered regarding whether Apple should report its political contributions, adopt health-care reform principles, publish a sustainability report regarding its environmental policies, and a non-binding resolution allowing shareholders to ratify executive compensation awards.
Tom Krazit writes about the ever-expanding world of Internet search, including Google, Yahoo, online advertising, and portals, as well as the evolution of mobile computing. He has written about traditional PC companies, chip manufacturers, and mobile computers, spending the last three years covering Apple. E-mail Tom.
And just in case you try the "OS X is superior to Windows ********", try this on again for size.:
"Apple offers advice on 10.5.6 upgrade problems
CNet by Tom Krazit, December 18, 2008
If the Mac OS X 10.5.6 update caused you problems earlier this week, try, try again.
Apple has acknowledged an issue encountered by some Leopard users trying to install the company's latest update released Monday." TYPICAL, EVERY TIME Apple releases another update.
Dell just give Michael Dell 2 million and its head of consumer product freaking 33 million!
And for what? No matter how you spin it, 2008 kinda suck for Dell.
HP freezed most of its workers? salary. But for the executives? Compensation all the way!
Not to mention SONY just dug itself out of a bleeding hole but on the verge of another bigger one.
On the contrary AAPL did very well last year with a blazing 30% revenue increase.
I have owned laptops by both Sony and HP and, can say from experience, that I have had a much better experience with Apple than with both Sony and HP. I still enjoy Sony products and am a fan.
If you haven't been on both sides of the argument and haven't had the experience of working with Apple products, your argument carries absolutely no weight at all. It's just another "****" as you put it talking out of his a**.
Yep, I think everyone is pounding on Cupertino's gates demanding to downgrade to Tiger.
Wait, am I confusing my OSes?? Hmmm.....
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by kevinskrause
January 8, 2009 7:57 AM PST
- Maybe Steve should start exercising those 5.5 million shares. God knows if the public finds out he got a head cold, they?ll be worthless. Next quarter we are expecting a $0.86 increase in EPS and a 5% improvement in Steve?s overall health. Ohh, and I heard Bill Gates has diarrhea. The Micro$#@% has just hit the fan?
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