Apple Execs Get Raises in New Year
While Derik already regaled you with the riveting report on Apple's 2009 proxy statement, he neglected to mention that--despite the economic downtown and Apple's reduced presence at Macworld this year--three of the top brass are getting raises.
COO Tim Cook, CFO Peter Oppenheimer and Senior VP Bob Mansfield will now rake in a yearly US$800,000, $700,000 and $600,000 respectively. That makes Mansfield the third-highest paid exec in Cupertino--remember, Steve still makes just $1 a year (and all those additional perks). These were the first such raises for the first two in just over three years.
I realize that that's probably chump change to a company with a market cap of $80 billion, but still, that's a ton more than I'll ever make.