Apple gives most top executives a $60 million bonus

Apple Gives $60 Million Bonus to Execs

Apple has awarded most of their top executives a $60 million bonus this year. Apple didn't just go and deposit $60 million into each of their accounts, instead they awarded each top executive 150,000 shares. 50% of the shares will be vested on June 21, 2013, and the rest in March 2016. Apple spokesperson Steve Dowling said that the executives are extremely talented and dedicated to their work, and that this is a way to continue to reward them down the road for their hard work. Check out the full details by employee below.

Bruce Sewell -- 150,000 shares, 50 percent vest on June 21, 2013, 100 percent on March 21, 2016 Jeffrey Williams -- 150,000 shares, 50 percent on June 21, 2013, 100 percent on March 21, 2016 Philip Schiller -- 150,000 shares, 50 percent on June 21, 2013, 100 percent on March 21, 2016 Peter Oppenheimer --150,000 shares, 50 percent on June 21, 2013, 100 percent on March 21, 2016 Robert Mansfield -- 150,000 shares, 50 percent on June 21, 2013, 100 percent on March 21, 2016 Scott Forstall -- 150,000 shares, 50 percent on June 21, 2013, 100 percent on March 21, 2016 Eddy Cue -- 100,000 shares, 25 percent vest September 21, 2014, 100 percent September 21, 2016.

Source: Apple SEC

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Jared DiPane

Jared is based in the US and writes for CrackBerry.com, Android Central, and TiPb. When not being a geek on his phone he loves to fish -- especially deep-sea fishing,

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Reader comments

Apple gives most top executives a $60 million bonus

20 Comments

Yet occupy won't boycott apple only big businesses they don't approve of they will still tweet, status update , and occupy from their iPads and iPhones. Guess they aren't party of the problem though.

Apple is not a financial institution, nor a corporation that most of the public is dependent on, such as the oil companies that make billions in profit while we pay out of the ass for petroleum products. I have no problem with Apple's executive bonuses.

The public is not dependant on the Oil companies no more than the big banks. In a free market economy you CHOOSE who you do business with! The fallacy and fraud that is the 'Occupy' movement is they pick and choose who they don't like they want something from. Apple has gotten a pass because so many of these freaks are left wing lunatics just like Jobs was. Meaning they are all too willing to spend other people's money and assets to get what they want but don't touch theirs. Steve Jobs was a limousine liberal like so many others before him. Apple is full of those liberals like Al Gore. But I almost forgot; He invented the internet! So he gets a pass too.
As for Apple and their profits; Steve Jobs was a greedy man as was Apple under his stewardship. If Bill Gates and Warren Buffett can give away billions with no questions asked, as well as countless other companies (you know like the oil companies and big banks do regularly), then Apple sure as hell can don't you think? Or they can keep giving away fatcat bonuses. Liberals won't care because it's Apple and they like them.

I agree completely with your statement about jobs and apple. They flatout said they wouldn't make any donations to non-profit organizations or other charitable donations. How is that company giving back? I'm sure they are getting some huge tax breaks. Considering their earnings were in The billions the past few years I would have to not only call they big business but one of the bigger businesses. Yet much like the whole occupy movement they pick and choose which businesses are bad and which aren't by very limited guidelines I just think a lot of it is to see what will draw the most press. I support reform and making companies pay higher taxes but you can't choose which ones just because you like or use their products on a regular basis.

Sooooo apple says plllleease don't leave us, and gives en stock if they stay through 2016.. Sounds like some lack of faith now that jobs is gone..

Its actually smart, and not a lack of faith. Like in sports, you try to lock up the players that make a difference. Nice try though!

Never heard of this site or the writer. Not sure I trust it. He also really needs to work on his grammar. It's distracting from the content, and works against his credibility.

You really want to test that theory? There are viable alternative options to oil and it's derivatives that are readily abundant. It requires effort on the part of the consumer to actually find them and be willing to pay the cost of acquiring them.
So to your point if no free market economy exists all the more reason Apple should be ashamed of their greed. Or do they get a pass?

You really want to test that theory? There are viable alternative options to oil and it's derivatives that are readily abundant. It requires effort on the part of the consumer to actually find them and be willing to pay the cost of acquiring them.
So to your point if no free market economy exists all the more reason Apple should be ashamed of their greed. Or do they get a pass?