Oct 21, 2016 - 05:15 PM UTC — AAPL: 116.60 (-0.46, -0.39%) | NASDAQ: 5257.40 (-76.43, -1.43%)
“On Monday, Bloomberg
posted a story (repeated by more than a dozen newspaper and blogs) claiming that four Apple senior VPs are among the five highest-paid executives in the S&P 500,” Philip Elmer-DeWitt reports for Fortune. “The executives named were Bob Mansfield, Bruce Sewell, Jeffrey Williams and Peter Oppenheimer. ‘Their pay jumped,’ according to Bloomberg, ‘after receiving 150,000 in restricted stock units shortly after Jobs passed away.'”
P.E.D. reports, “No, their ‘pay’ didn’t jump. Their total compensation packages may have, but only if they stay with Apple long enough to collect them. That’s the point of ‘retention’ incentives: they encourage executives to stick around.”
Read more in the full article here.
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