Human Capital & Careers

Apple CFO Downloaded $71M

By far the biggest source of his earnings last year came from exercising previously granted stock options.
Stephen TaubApril 17, 2007

Peter Oppenheimer, senior vice president and chief financial officer of Apple Inc., earned more than $71 million last year, making him one of the highest-paid finance executives.

Oppenheimer received a salary of $615,000 and a bonus of $450,000, which was actually $100,000 less than his bonus in 2005.

By far the biggest source of his earnings last year came from exercising previously granted stock options, amounting to nearly $56 million.

Those sales cleared out all of Oppenheimer’s options, as Apple turned to restricted stock as a favored means of compensation.

In 2006, Oppenheimer received restricted stock valued at more than $14.4 million; his restricted-stock holdings now total more than $34 million.

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