{"id":11087,"date":"2011-11-07T02:11:37","date_gmt":"2011-11-07T02:11:37","guid":{"rendered":""},"modified":"2011-11-07T02:11:37","modified_gmt":"2011-11-07T02:11:37","slug":"Apple-Gives-Its-Execs-400-Million-in-Bonuses--No-Asians-","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=11087","title":{"rendered":"Apple Gives Its Execs $400 Million in Bonuses &#8211; No Asians?"},"content":{"rendered":"<p><strong>Apple has awarded seven of its key executives with massive stock grants worth approximately $400 million in total.<\/strong><\/p>\n<p>Six Apple SVPs have been awarded 150,000 shares of Apple for their services, according to recent SEC filings. <strong>This includes Scott Forstall (SVP, iOS), Robert Mansfield (SVP, Hardware Engineering), Peter Oppenheimer (CFO), Phil Schiller (SVP, Marketing), Jeffrey Williams (SVP, Operations) and Bruce Sewell (SVP, General Counsel). <\/strong>At Apple\u2019s current stock price of $400.24, those shares are worth approximately $60 million.<\/p>\n<p><strong>Eddy Cue, the recently promoted SVP of Internet Software and Services, received 100,000 instead of 150,000 like Apple\u2019s other SVPs.<\/strong> However, Cue received 100,000 shares when he was first promoted to SVP in September. Each 100,000 stock grant is worth $40 million.<\/p>\n<p>Apple\u2019s execs won\u2019t be able to spend their new-found wealth immediately, though. Fifty percent of Forstall, Mansfield, Oppenheimer, Schiller, Williams and Sewell\u2019s shares will vest in June 2012, while the other half will vest in March 2016. Cue is on a different vesting schedule: 25% of his shares will vest in September 2014, while the other 75% will vest in September 2016.<\/p>\n<p>\u201cOur executive team is incredibly talented and they are all dedicated to Apple\u2019s continued success,\u201d an Apple spokesperson said in a statement. \u201cThese stock grants are meant to reward them down the road for their hard work in helping to keep Apple the most innovative company in the world.\u201d<\/p>\n<p><strong>CEO Tim Cook was awarded 1 million shares of Apple after his promotion.<\/strong> At Apple\u2019s current stock price, those shares are worth approximately $400 million. They will vest on a 10-year schedule.<\/p>\n<p><strong>No Asians? WTF?<\/strong><\/p>\n<p><em>Presented by: <a href=\"www.howlibrary.com\">HowLibrary<\/a><\/em><br \/>\n<!--break--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple has awarded seven of its key executives with massive stock grants worth approximately $400 million in total. Six Apple<\/p>\n","protected":false},"author":1,"featured_media":72448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[],"tags":[],"class_list":["post-11087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","medium_large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","1536x1536":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","2048x2048":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-highlighted-post":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-small":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x90.jpg","colormag-featured-image":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-default-news":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","colormag-featured-image-large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-block-extra-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-small-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg"},"magazineBlocksPostAuthor":{"name":"Admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Apple has awarded seven of its key executives with massive stock grants worth approximately $400 million in total. Six Apple","magazineBlocksPostCategories":[],"magazineBlocksPostViewCount":115,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"medium":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"thumbnail":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg",113,150,true]},"magazine_blocks_author":{"display_name":"Admin","author_link":"https:\/\/asiancemagazine.com\/?author=1"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g","magazine_blocks_category":"","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/11087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11087"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/11087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/72448"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}