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Apple hands six executives stock grants worth over $19M per person

03/06, 10:50am

Majority of shares due to vest in three intervals through 2018

Newly-published SEC filings reveal that on Wednesday, Apple awarded six top executives 35,780 restricted stock units each. Recipients include senior VP of Operations Jeffrey Williams; general counsel Bruce Sewell; senior VP of Worldwide Marketing Phil Schiller; senior VP of Hardware Engineering Dan Riccio; senior VP of Software Engineering Craig Federighi; and finally, senior VP of Internet Software and services Eddy Cue.

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Riccio, Williams splitting Mansfield's former Technologies duties

08/02, 5:13pm

Riccio taking antennas and Wi-Fi, sources say

While Bob Mansfield looks after Apple's special projects, two senior VPs -- Hardware leader Dan Riccio and Operations head Jeff Williams -- are handling his former duties as senior VP of Technologies, sources say. Riccio's tasks now include overseeing antenna design for mobile and the Wi-Fi components in all of Apple's major products. The situation is a reversal of the one that brought Mansfield out of his recent retirement, in which he was asked to transition wireless teams over to Riccio.

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Apple coped with 'insurrection' over Mansfield's retirement

10/03, 12:43pm

Workers thought replacement was unprepared

Apple CEO Tim Cook had to deal with an "insurrection" when it was announced that Bob Mansfield -- formerly Apple's senior VP for hardware engineering -- was retiring, three Bloomberg sources say. The people claim that after the announcement, several senior engineers on Mansfield's team complained to Cook; they argued that Mansfield's replacement, Dan Riccio, was unprepared for the importance of the job. To get Mansfield to return to the company, Cook reportedly offered him "an exorbitant package of cash and stock worth around $2 million a month."

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Bob Mansfield to stay at Apple amid executive reshuffling

08/27, 5:39pm

Federighi, Riccio get promotions

Apple's senior VP for hardware engineering, Bob Mansfield, will be staying with the company in spite of an earlier statement that he was retiring, according to an announcement. He will take on a new title, but what that might be is so far undisclosed. Apple will only say that he's expected to "work on future projects" and continue to report to CEO Tim Cook.

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