toggle

AAPL Stock: 101.79 ( + 0.21 )

Printed from http://www.macnn.com

Bob Iger to pull in over $50,000 annually from Apple board

updated 04:55 pm EST, Wed November 16, 2011

Stocks, other perks not included

The newest Apple board member, Robert Iger, will reap at least $50,000 a year from his added work, an Apple SEC filing reveals. Iger is slated to get a "standard $50,000 annual retainer" for his position, paid in quarterly installments. He is also however being granted 142 Apple shares, which vest in February. At current prices, the shares are together worth almost $55,000.

Another perk will be free, at-will access to "one of each new product" made by Apple, a provision of the company's Board of Directors Equipment Program. Even Iger's retainer, however, will be paltry sum compared to his non-Apple income. His main job is as the president and CEO of Disney, where in 2010 he earned $28 million after bonuses, equity awards and a $2.8 million annual salary.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. bjojade

    Joined: Dec 1969

    +1

    One of each new product?

    What a deal. Wonder if that is one of each model, or only one of each line. i.e., does he get a 128gb and a 256GB MacBook Air? :)

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Autodesk Smoke 2015

Since May of this year, Autodesk has been shipping the highly anticipated update to its high-end post-production video editing suite, ...

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

toggle

Most Commented