Apple spares ‘no stock’ when it comes to its recruitment of senior executives. Just last week the company rewarded its present crop of executives with share options valued at over $400 million. This generosity (or incentive, depending on your vantage point) has apparently been extended to Disney’s CEO, Bob Iger for joining Apple’s board.
In a recent filing with the SEC, Apple revealed that Iger received stock options worth over $84,000 as an incentive for joining the board of Apple and consequently helping with running the Steve Jobs co-founded company. 84K in stocks may be considered paltry by some, but this is hardly the case considering Iger received over $29 million in cash and bonuses from Apple in 2009. This latest offering therefore is nothing more than a top-up for the already hefty compensation Mr Iger has received from Apple.
Money aside though, it looks as if Iger is considered a darling inside Apple. The Disney CEO is reported to have been very close with former Apple CEO, Steve Jobs. He’s also received glowing public support from present Apple CEO, Tim Cook. Mr Cook, when asked how he expected the addition of Iger to affect board operations, responded that: “Bob and I have gotten to know one another very well over the past few years and on behalf of the entire board, we think he is going to make an extraordinary addition to our already very strong board.”
With this latest addition to the Apple board, the company now looks solid in its executive composition to keep Apple profitable and relevant over the next few years.
Do you think Apple will do well considering that Steve Jobs is no longer around to guide it? Share your thoughts below.
Source: www.sitetrail.com/2011/11/23/disney-ceo-granted-84000-for-joining-apple/
In a recent filing with the SEC, Apple revealed that Iger received stock options worth over $84,000 as an incentive for joining the board of Apple and consequently helping with running the Steve Jobs co-founded company. 84K in stocks may be considered paltry by some, but this is hardly the case considering Iger received over $29 million in cash and bonuses from Apple in 2009. This latest offering therefore is nothing more than a top-up for the already hefty compensation Mr Iger has received from Apple.Money aside though, it looks as if Iger is considered a darling inside Apple. The Disney CEO is reported to have been very close with former Apple CEO, Steve Jobs. He’s also received glowing public support from present Apple CEO, Tim Cook. Mr Cook, when asked how he expected the addition of Iger to affect board operations, responded that: “Bob and I have gotten to know one another very well over the past few years and on behalf of the entire board, we think he is going to make an extraordinary addition to our already very strong board.”
With this latest addition to the Apple board, the company now looks solid in its executive composition to keep Apple profitable and relevant over the next few years.
Do you think Apple will do well considering that Steve Jobs is no longer around to guide it? Share your thoughts below.
Source: www.sitetrail.com/2011/11/23/disney-ceo-granted-84000-for-joining-apple/