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.