Apple Execs Rake In the Dough in 2009

Channel Partners

December 28, 2009

1 Min Read
Apple Execs Rake In the Dough in 2009

When Apple Inc.’s (AAPL) Steve Jobs took six months’ medical leave this year, COO Timothy Cook ran the company. And now Cook is reaping the rewards.

A new Apple filing with the Securities and Exchange Commission shows Cook will have earned $800,000 in salary for 2009, received a cash bonus of $800,000 and been awarded $12.3 million in stock compensation.

But Cook isn’t the only Apple exec ending the year on a high financial note. CFO Peter Oppenheimer more than doubled his stock award to $8.8 million and his salary jumped to $700,000, up from $600,000. His cash bonus totaled $700,000 as well.

Meanwhile, Robert Mansfield, who heads the Mac hardware engineering division, is getting $12.2 million worth of 2009 stock awards, along with a $600,000 salary and $537,000 bonus. iPhone lead Scott Forestall, on the other hand, earned $12 million in stock, $600,000 in salary and $275,000 for a bonus.

Steve Jobs took his typical $1 salary and $1 bonus. He owns 5.5 million shares of Apple stock, though, and with shares near their 52-week high of $213.95, is far from destitute.

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