Apple has been looking to return some stability to its retail operations since Ron Johnson’s departure back in late 2011. His successor, former Dixon’s CEO John Browett, lasted a mere six months.
As a nice bit of incentive, Apple’s latest SVP of retail, former Burberry CEO Angela Ahrendts, is poised to receive north of 113,000 Apple shares — worth around $68 million — doled out over the next four years, with the first vesting period occurring June 1.
That first haul on June 1? A cool $9.8 million, reports CNN. And Ahrendts can lay claim to around $10.5 million in stock options from her former employer, “even though those options were not supposed to pay out until June,” says CNN.
Not a bad first couple of months for Ahrendts, in other words. Apple’s stock also recently cleared $600 per share for the first time since 2012 on the tail of an announced 7:1 split set to happen in early June.
- Effective Altruism Promises to Do Good Better. These Women Say It Has a Toxic Culture of Sexual Harassment and Abuse
- Inside Bolsonaro's Surreal New Life as a Florida Man—and MAGA Darling
- From Jan. 6 to Tyre Nichols, American Life Is Still Defined by Caste
- As People Return to Offices, It’s Back to Miserable for America’s Working Moms
- The Real Reason Florida Wants to Ban AP African-American Studies, According to an Architect of the Course
- Column: Tyre Nichols' Killing Is The Result of a Diseased Culture
- Without Evusheld, Immunocompromised People Are on Their Own Against COVID-19
- Column: America Goes About Juvenile Crime Sentencing All Wrong
- Why Your Tax Refund May Be Lower This Year