Apple\'s iPod chief pockets over $26M from optionsApple Computer disclosed Tuesday that three of its top executives took home more than US$49.9 million in profit from exercising 6.4 million stock options in 2004, writes TMO\'s Brad Gibson. In its Archives/edgar/data/320193/000104746905006387/a2153157zdef14a.htm\">annual proxy statement filed with the SEC, Apple said Jonathan Rubinstein, senior vice president of its iPod division, collected $26.3 million in value from exercising 3 million stock options last year. Timothy D. Cook, the company\'s vp of worldwide sales and operations, reaped nearly $14.2 million in value from exercising 2.7 million stock options. And Avadis Tevanian, Jr., senior vice president and chief software technology officer, took home more than $8.8 million in stock option profit from excercising 700,000 stock options. Meanwhile, Steve Jobs received a salary of $1 in 2004, according to the filing. No other compensation for Jobs was listed. In the filing, Apple states that its annual shareholders meeting will take place at 10:00 a.m. PST, on April 21 in Cupertino, Calif. Some additional details are available in the TMO report.
On Topic: General
- Apple likely free of e-book antitrust monitor after 'rocky' two-year term
- Apple to launch official retail presence in India with Croma partnership
- Steve Jobs movie nets highest per-theater average of 2015 on opening weekend
- Dell to buy EMC for $67 billion in largest-ever tech merger
- This week on AppleInsider: Steve Jobs tributes, iPhone & Watch launches, iOS security & more