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.
Workers said to have been 'caught off guard' by news
Scott Forstall's firing from Apple was greeted with "quiet jubilation" at the company, especially among engineering teams, according to GigaOm. The site quotes anonymous sources, one of whom claims that a number of workers were going out to celebrate with drinks. Forstall's exit is also described as being "fairly last minute," with many people on the iOS and OS X teams only hearing about it minutes before a press release reached the media.
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.