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Apple shareholder suit accuses Cook, Jobs, others of misconduct

08/15, 10:04am

Directors, executives accused of bringing company into legal trouble

A new lawsuit, filed on behalf of plaintiff R. Andre Klein, is seeking damage compensation for Apple shareholders as a result of alleged misconduct by the company's directors and executives. Lawyers for Klein accuse former CEO Steve Jobs, current CEO Tim Cook and others of "breach of fiduciary duty, gross mismanagement, corporate waste, and breach of the duty of honest services." Specifically, by engaging in anti-poaching practices, Apple leaders are said to have caused the company to break antitrust laws, issue misleading proxy statements, and suppress workers' wages.

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Disney's Bob Iger buys $1 million in Apple stock

11/21, 1:06pm

Comes week after selling off one million shares in Disney

On Monday Disney CEO Bob Iger bought $1 million in Apple stock, according to a filing with the US Securities and Exchange Commission. The transaction comes just a week after Iger's sale of 1 million shares in Disney, pulling in a net $17.9 million. Iger joined Apple's board of directors in November 2011 as the company tried to fill in the gap left by former CEO Steve Jobs.

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Tim Cook's total 2011 to amount to over $378 million

04/09, 3:30pm

Most money still relegated to stocks

In all Apple CEO Tim Cook pulled in about $378 million in 2011, even if most of that money won't be available to him for years, according to the New York Times. The bulk, $376.2 million, consisted of a one-time stock grant that won't vest unless Cook stays with Apple for 10 years. In terms of immediate pay, his combined salary, bonuses, and miscellaneous perks during the year amounted to $1.8 million.

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Iger's total Apple stock compensation valued at $84,376

11/18, 11:45am

Split between common, restricted stock

In all Apple's newest board member, Disney CEO Bob Iger, has actually received about $84,376 in Apple stock, notes Fortune. The 142 shares mentioned previously actually represent only restricted ones. On top of this Iger is getting 75 shares of common stock, hitting the $84,376 total based on a closing price from Tuesday, when the executive was awarded his investments.

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

11/16, 4:55pm

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.

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Bob Iger joins Apple board, Arthur Levinson becomes chairman

11/15, 5:10pm

Company fills in gap left by Steve Jobs

Arthur Levinson (pictured) has been named as the new chairman of the Apple board of directors, the company has announced. Levinson has been on the board since 2000, and also chairs at several other institutions, including Genentech, the Broad Institute, Amyris Biotechnologies, and NGM Biopharmaceuticals. In chairing Apple he will be replacing Steve Jobs, who died on October 5th. Levinson will continue to remain on the Apple board's audit committee.

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