Bob Mansfield - page 2

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.

According to a press release, Bob Mansfield, Apple’s Senior Vice President of Hardware Engineering, will be retiring. From Apple:

At Apple’s press events, Scott Forstall is the guy who introduces the company’s latest developments with the iOS firmware. He also pops up in the company’s infamous marketing videos in which they use words like “amazing,” “revolutionary,” and “magical.” But Scott’s not just that guy who gets up on stage every so often. He’s an incredibly important member of Apple’s executive team, and in a profile by Bloomberg Businessweek, he’s described as a “mini-Steve” who’s driven, obsessed over little details, and a magnificent salesman.

Bob Mansfield is Apple’s Senior Vice President of hardware engineering, who earlier this week sold 99% of his shares in the company for $13.7 million, according to an SEC filing. Mansfield frequently trades his Apple stock; selling shares while they’re at their peak, then buying more as they fall with a 15% employee discount. His latest sale is his largest so far.

On Monday, Mansfield reportedly sold 38,863 of his Apple shares – leaving him with just 501 – each worth $351.89. Over the last three years, Mansfield has sold almost $58.5 million worth of investments, taking home $37.9 million after taxes.