Apple Executives Dominate Highest-Paid List Among S&P 500 Companies
Bloomberg Businesweek reports that a survey of executive compensation at Standard & Poor's 500 companies for fiscal 2012 shows four Apple executives holding down the second, third, fourth, and fifth slots behind Oracle CEO Larry Ellison. The group of Apple executives, which does not include CEO Tim Cook, benefited from a massive stock grant shortly after the death of Steve Jobs, with the grants vesting in equal parts in 2013 and 2016 as incentives to keep the executives at the company.
Four of the five highest-paid employees at Standard & Poor’s 500 companies aren’t chief executive officers. They’re Apple Inc. senior lieutenants receiving compensation packages designed to keep management intact in an increasingly competitive industry.
The four executives are Bob Mansfield, Bruce Sewell, Jeffrey Williams and Peter Oppenheimer, according to fiscal 2012 compensation figures for top earners filed with the U.S. Securities and Exchange Commission. About 80 percent of S&P 500 companies had submitted their numbers as of April 12.
The four Apple executives each received 150,000 shares as part of their grants, with the shares worth approximately $64 million each at today's stock price. Salary, bonuses, and other compensation pushed 2012 totals for Sewell, Williams, and Oppenheimer close to $70 million. Mansfield topped the group of Apple executives with total compensation of $85.5 million, as he received accelerated vesting of shares as an incentive to remain at Apple after he had announced his retirement.
Two other Apple executives saw major stock grants in November 2011, with marketing chief Phil Schiller receiving the same 150,000 restricted stock units as the other senior executives and Internet Software and Service head Eddy Cue receiving 100,000 units just two months after receiving another 100,000 units in recognition of his promotion to the senior vice president level. Schiller and Cue were not, however, included in Bloomberg Businessweek's rankings, as their total compensation is not publicly reported by Apple.
Cook ranked 1016th on this year's list with total compensation of $4.17 million, although he is benefiting from a previous award of one million restricted stock units made when he became CEO. Those units are worth $425 million at today's stock price, with half of the units vesting in 2016 and the remaining half vesting in 2021.
Popular Stories
Apple's next-generation iPhone 17 Pro and iPhone 17 Pro Max are just over two months away, and there are plenty of rumors about the devices.
Below, we recap key changes rumored for the iPhone 17 Pro models.
Latest Rumors
These rumors surfaced in June and July:Apple logo repositioned: Apple's logo may have a lower position on the back of the iPhone 17 Pro models, compared to previous...
Apple should unveil the iPhone 17 series in September, and there might be one bigger difference between the Pro and Pro Max models this year.
As always, the Pro Max model will be larger than the Pro model:iPhone 17 Pro: 6.3-inch display
iPhone 17 Pro Max: 6.9-inch displayGiven the Pro Max is physically larger than the Pro, it has more internal space, allowing for a larger battery and...
In 2020, Apple added a digital car key feature to its Wallet app, allowing users to lock, unlock, and start a compatible vehicle with an iPhone or Apple Watch. The feature is currently offered by select automakers, including Audi, BMW, Hyundai, Kia, Genesis, Mercedes-Benz, Volvo, and a handful of others, and it is set to expand further.
Apple has a web page with a list of vehicle models that ...
The calendar has turned to July, meaning that 2025 is now more than half over. And while the summer months are often quiet for Apple, the company still has more than a dozen products coming later this year, according to rumors.
Below, we have outlined at least 15 new Apple products that are expected to launch later this year, along with key rumored features for each.
iPhone 17 Series
iPho...
Apple is continuing to refine and update iOS 26, and beta three features smaller changes than we saw in beta 2, plus further tweaks to the Liquid Glass design. Apple is gearing up for the next phase of beta testing, and the company has promised that a public beta is set to come out in July.
Transparency
In some apps like Apple Music, Podcasts, and the App Store, Apple has toned down the...
Since the iPhone X in 2017, all of Apple's highest-end iPhone models have featured either stainless steel or titanium frames, but it has now been rumored that this design decision will be coming to an end with the iPhone 17 Pro models later this year.
In a post on Chinese social media platform Weibo today, the account Instant Digital said that the iPhone 17 Pro models will have an aluminum...
New renders today provide the best look yet relocated Apple logo and redesigned MagSafe magnet array of the iPhone 17 Pro and iPhone 17 Pro Max.
Image via Majin Bu.
Several of the design changes coming to the iPhone 17 Pro model have been rumored for some time, such as the elongated camera bump that spans the full width of the device, with the LiDAR Scanner and flash moving to the right side.
...
Amazon is soon to be back with its annual summertime Prime Day event, lasting for four days from July 8-11, the longest Prime Day yet. As it does every year, Prime Day offers shoppers a huge selection of deals across Amazon's storefront, and there are already many deals you can get on sale ahead of the event.
Note: MacRumors is an affiliate partner with Amazon. When you click a link and make a ...
Apple's position as the dominant force in the global true wireless stereo (TWS) earbud market is expected to continue through 2025, according to Counterpoint Research.
The forecast outlines a 3% year-over-year increase in global TWS unit shipments for 2025, signaling a transition from rapid growth to a more mature phase for the category. While Apple is set to remain the leading brand by...
