Williams says holiday launch was possible, but bad idea
A new interview with CEO Tim Cook, lead designer Jonathan Ive, and Operations head Jeff Williams sheds some light on the development of the Apple Watch. Ive remarks that Apple first began working on the project about three years ago, and calls it "probably one of the most difficult projects I have ever worked on." The company delved into an extreme amount of research, going so far as to invite watch historians to speak at its Cupertino headquarters. "What was interesting is that it [watches] took centuries to find the wrist and then it didn't go anywhere else," Ive says. "I would argue the wrist is the right place for the technology."
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.
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.
CEO Tim Cook notably missing
Four out of the top five highest-paid executives among Standard & Poor 500 companies belonged to Apple during 2012, according to the Securities and Exchange Commission filings seen by Bloomberg. The people included senior VP of Technologies Bob Mansfield, CFO Peter Oppenheimer, senior VP of Operations Jeff Williams, and general counsel Bruce Sewell. About 80 percent of S&P 500 companies had submitted 2012 data as of April 12. The figures for the Apple execs are based on the total current worth of their possible stock and pay packages, rather than their actual 2012 salaries and bonuses.