Trio of Apple execs pull in $55.6 million each
Three Apple executives each received $55.6 million worth of company stock, the second half of an award granted in 2011 after the death of co-founder and CEO Steve Jobs.
The top-tier executives -- head of marketing Philip Schiller, general counsel Bruce Sewell and chief operations officer Jeff Williams -- each gained control of 525,000 shares on Monday.
At Monday's closing price, the shares were worth $55.6 million.
The shares were the second half of an award given in early November 2011, when Apple awarded 150,000 shares each to six men. Since then, Apple's shares split 7 for 1, making the original allotment 1,050,000 shares. Three of the six awardees are no longer with the company.
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