Apple's new general counsel awarded hefty gratuity
Apple Computer, which last month lured Donald Rosenberg away from a 30-year tenure at IBM Corp. to fill its general counsel vacancy, appears to have done so with the help of approximately $18 million.
The shares will not fully vest until four years after their issue date, but at the close of the stock market on Tuesday were valued at over $18.25 million.
Rosenberg arrived at Apple about three weeks ago, replacing former vice president and general counsel Nancy Heinen, who departed back in May amid concerns over the company's stock option discrepancies.
Prior to joining Apple, Rosenberg spent over 30 years at IBM, holding numerous positions including senior vice president and general counsel; vice president and assistant general counsel for litigation; and counsel to the company's mainframe division.
His focus on securities, intellectual property and competition issues has also involved extensive interaction with the SEC, the US Department of Justice and the European Economic Commission.
11 Comments
Impressive. I am not sure I will make that much in my whole life.
Wow @ Amount.
HAHA @ Four years.
Lotsa risk for that guy though... If he screws up just a SMALL bit with all these patent issues because of the four year period, both Apple's shares and his job are gone...
Impressive. I am not sure I will make that much in my whole life.
$18,000,000 USD?
You'd have to make $234.38 USD Per hour
working 8 hours a day
20 days a month
for...
40 Years...
My guess is you won't, but I hope I'm wrong.
Wow! I guess I shouldn't have dropped out of law school!