Tim Cook's salary came up in the news last month when he was awarded a million shares of Apple stock, and cashed out a few, in addition to his many other forms of compensation. And here's another Apple manager who's taking advantage of Apple's soaring stock price when he can. Vice President of iOS Scott Forstall reportedly cashed out over 64,000 Apple shares last week, earning US$38.7 million from the sale. Forstall picked up those shares in 2008. He got 120,000 shares back then as part of a bonus, and as those just vested (minus about half for taxes), he went ahead and cashed them out. But this doesn't leave Forstall without an investment in the company. He's still got 250,000 shares set to vest at different times in the next few years, in addition to 2,988 shares currently held, and that's in addition to an annual salary of $700,000. What did Forstall do to earn all this money? Oh, just run the iOS division, which picked up $29 billion for Apple in just the last quarter. Just that.Apple VP of iOS Scott Forstall cashes in $38.7 million of Apple shares originally appeared on TUAW - The Unofficial Apple Weblog on Wed, 02 May 2012 12:30:00 EST. Please see our terms for use of feeds.Source | Permalink | Email this | Comments read more..
Sunday, 6 May 2012
Scott Forstall-Apple Stock-Apple Vp
Sunday, 29 April 2012
Travis County Commissioners Court-Unofficial Apple Weblog-Disagreement
Apple's plans to bring 3,600 jobs to Austin, Texas are being delayed due to a disagreement between the company and the Travis County Commissioners Court over the terms of an economic incentive package. Apple is hoping to establish an Americas Operations Center in Austin, which would run most of the company's business operations for North and South America. Key to the deal to invest $304 million in the center is a package which would provide the company with almost $36 million in incentives over the next 10 to 15 years. The sticking point in the negotiations is with the Travis County Commissioners Court, which would provide anywhere from $5.4 to $6.4 million of the incentive. Opponents of the deal raised their objections at a Tuesday meeting of the Court, with Bill Aleshire (an attorney and former Travis County judge) and Ed Wendler (an Austin developer) picking through the details of the contract between the county and Apple. Aleshire said "I'm not sorry that Apple is frustrated ... That's a sorry contract." He felt that Apple "had it rigged so they could not comply with the contract yet end up with county staff basically renegotiating the terms that they would have to comply with." There's hope that the negotiations will end in a positive vote for Apple's expansion plans next Tuesday, May 1, 2012. If not, there are plenty of other cities in the U.S. that would be more than happy to welcome Apple with open arms.Apple's plans for Texas construction delayed due to disagreement with county originally appeared on TUAW - The Unofficial Apple Weblog on Fri, 27 Apr 2012 11:00:00 EST. Please see our terms for use of feeds.Source | Permalink | Email this | Comments read more..
Tuesday, 24 April 2012
Local Power Company-Oregon County-Data Center-Tax Deal
We've heard before that Apple plans to build a data center on land it previously purchased in Oregon, but now the Associated Press reports on part of the cost. The company has reportedly agreed to pay US$150,000 per year to local governments, and has signed off on at least 35 jobs. Those jobs will be paid at a rate that's at least 150% of the average wage in the Oregon county. Finally, according to the AP, Apple will have to invest at least $250 million into the data center building itself. In return for all of that, Apple will be exempt on property tax payments for the next 15 years. Whether that will be worth it or not depends on exactly how much they build there, but odds are Apple's accountants aren't that worried. The company already paid $5.6 million for the land earlier this year, and it's setting up plans to both build up the infrastructure of the local power company to keep the data center running, as well as a green energy site there on the spot. Oregon is apparently a popular place for data centers like this. Google, Amazon, and Facebook all have similar sites in the surrounding area. [via MacRumors]Apple makes a tax deal for Prineville, Oregon data center land originally appeared on TUAW - The Unofficial Apple Weblog on Mon, 23 Apr 2012 11:45:00 EST. Please see our terms for use of feeds.Source | Permalink | Email this | Comments read more..
Thursday, 19 April 2012
North Carolina Data Center-Environmentally Friendly-Unofficial Apple Weblog-Clean Power
Environmental reports can be all over the place these days -- at times, it seems like these reports tend to be more about politics than the environment. But while Apple has always said it's leading the charge on being environmentally friendly, Greenpeace apparently isn't so sure. The group has called out Apple in a recent report for not using environmentally friendly sources to power Apple's North Carolina data center. Google, Yahoo, and Facebook all got good marks from Greenpeace's report, because their buildings are in areas that use "clean" power like wind and solar power. But Apple's center uses mostly coal and nuclear electricity, which Greenpeace looks negatively on. Apple does deserve some credit. It leads the industry in using green power, even if this specific plant, according to this report, isn't doing what Greenpeace wants. Apple also got bad marks for transparency. The company says it uses clean power, but apparently it doesn't always share the specific evidence that Greenpeace wants. At any rate, there's probably fair points on both sides here. Apple does a lot to use "green" energy in all of its work, and of course, as Greenpeace suggests, there's always more that can be done. The North Carolina data center, as you know if you've ever used iCloud or Siri, is nice to have. But it would be even nicer if it was run on power that did not as negatively affect the environment.Greenpeace: Apple falling short of sourcing clean power originally appeared on TUAW - The Unofficial Apple Weblog on Tue, 17 Apr 2012 11:30:00 EST. Please see our terms for use of feeds.Source | Permalink | Email this | Comments read more..