Four out of the five highest-paid executives in the United States work for Apple, Bloomberg Businessweek reports, but not one of them is CEO Tim Cook.
According to fiscal 2012 compensation figures for top earners filed with the U.S. Securities and Exchange Commission (SEC), Apple’s Bob Mansfield, Bruce Sewell, Jeffrey Williams, and Peter Oppenheimer join Oracle CEO Larry Ellison to make up the top five corporate earners last year.
Apple has been using Intel’s desktop processors in the Mac since 2005. The next-gen Haswell processor is expected to come in the next iteration of the iMac.
For years, a reoccurring rumor has been that Intel will eventually provide mobile processors for iOS devices. But Apple has been designing its own ‘A series’ of chips for the iPhone and iPad based on ARM. Would Apple really abandon what it’s doing on ARM for Intel, a chip maker that’s been really struggling on mobile?
Now another report claims that Apple and Intel have recently discussed a mobile partnership.
Longtime Apple executive Bob Mansfield just had a big pay day, according to a new filing with the U.S. Securities and Exchange Commission. Mansfield just cashed in 35,000 shares of Apple stock valued at $582.21 per share, earning him $20.37 million.
After announcing his retirement but then staying on at Apple to lead the company’s mysterious new “Technologies” group, Mansfield now reports directly to CEO Tim Cook. He’s just as instrumental to the company’s success as ever.
Back in 2005, Steve Jobs announced that Apple had dropped PowerPC for Intel. Fast forward to 2012, and Intel may be on the way out.
For years, the rumor mill has been saying that Apple is looking to ditch Intel’s processors in the Mac lineup. Since the rise of iOS, Apple’s own “A” series chips have powered products like the iPhone and the iPad. Apple is a company known for wanting complete control over every facet of product design, including the innards of its iPhones and Macs.
Apple has partnered with Intel on the Mac for the past seven years, but internal changes within the Cupertino company could see the Mac move to ARM-based processors in the near future.
Why the sudden change of heart? According to a new report, Mansfield and Scott Forstall haven’t gotten along too well, and when news surfaced that Forstall was on the way out, Mansfield decided Apple would be a lovely place to work at again.
Forstall refused to say sorry for Apple’s half-baked Maps app, but that isn’t the only reason why he’s on his way out.
Scott Forstall was destined for big things at Apple. Originally part of Steve Jobs’s NeXT team, he spent 15 years with the Cupertino company and spearheaded its hugely successful iOS software division. Many believed he would succeed Tim Cook as CEO later on, but on Monday, but the chances of that happening looked impossible when Apple announced Forstall was on his way out.
The news came as a shock to us all, but it seems there are several reasons why Apple had to remove Forstall from its executive team — it seems refusing to apologize for the whole Maps debacle wasn’t the only one.
Apple has announced its biggest executive shakeup since Steve Jobs stepped down as CEO.
The biggest surprise is the departure of Scott Forstall, a longtime Apple executive and the senior vice president of iOS Software. Forstall was the major architect of Apple’s mobile software and had been tipped as a possible future CEO. He will be leaving the company next year. He is serving as an advisor to CEO Tim Cook until his departure in 2013.
The other big surprise is the departure of Apple’s newest executive, John Browett, head of Apple ‘s retail division. Browett is leaving after running Apple’s stores for less than a year.
As part of the reshuffling, Apple’s head of design, Sir Jonathan, gets a major promotion. As well as leading Industrial Design, Ive will also run the company’s Human Interface department. Ive will be in charge of the all-important product interfaces in both hardware and software, a role previously fulfilled by the late Steve Jobs.
Since the death of Steve Jobs, many have wondered whether Apple’s core senior management team would stick around to continue Apple’s success. Most of Apple’s senior VPs are incredibly wealthy and extremely tired after launching Apple’s hugely successful products over the past decade.
For the most part, Tim Cook has been able to keep everyone on board. Retail VP Ron Johnson decided to leave before Steve’s death, but none of the important VPs have tried to call it quits other than Bob Mansfield who announced his retirement earlier this year. According to insiders, once Mansfield announced his retirements members of his engineering team complained about his replacement, and Tim Cook set out to get Mansfield back by offering an exorbitant salary.