Copyright © 2015
Tag - Dan Riccio
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.
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.
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."
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.
Now AAPL Stock: 94.19 ( + 0.17 )
Apple Music launches in Taiwan, now up to 113 coun
Apple Music has now added its 113th country, Taiwan, to its expanding list of areas where it offers its paid subscription service. The price in the country will start at NT$150 (about $4.50 US) for an individual subscription, and that now includes (as it does in the rest of the world) the formerly free-but-ad-supported iTunes Radio feature, which as in other countries will be customized somewhat to offer channels of locally-popular music styles. Following on the heels of the addition of the service to Turkey, Apple Music is now available in 16 countries and regions -- including China, India, Russia, and Japan -- where Spotify has not yet arrived. http://apple.co/1Q3yI2e