Apple has hired the CEO of Burberry, a British luxury fashion house and her name is Angela Ahrendts and she will hold the position of retail head in company.
According to a report from various media outlets, she will get paid $68 Million over the next four years if Apple’s stock remain at its present-day level and if Angela performed well in company.
In addition to this, a recent SEC filing disclosed that Angela is due 113,334 units of restricted stock over the next four years and at present day scenario, these stocks units are valued at $68 Million and if Apple could get its past high of $700 so then it will be worth $79 Million.
According to a report from 9to5Mac, John Browett, former retail chief of Apple derived 100,000 shares in the company worth around $61 million at the time.
Other side, Business Insider reported that “Jordan Golson at MacRumors notes that Apple pays dividends out to employees with restricted stock units, which means Ahrendts gets $1.5 million per year in dividends alone on her shares.”
Ahrendts was born in New Palestine, Indiana and she earned her undergraduate degree in Merchandising and Marketing from Ball State University in Muncie, Indiana and she is also holding an Honorary Doctor of Humane Letters degree from Ball State.