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Apple execs cash in on stock options

In its annual proxy statement filed with the SEC today, Apple disclosed the salaries and stock option earnings of its top executives. “Jonathan Rubinstein, senior vice president of its iPod division, realized $26.3 million in value from exercising 3 million stock options last year,” reports AP. “For 2004, Rubinstein’s compensation included a restricted stock grant valued at about $6.3 million and a salary totaling $485,216… Timothy D. Cook, executive vice president of worldwide sales and operations, realized nearly $14.2 million in value from exercising 2.7 million stock options in 2004. Cook received a restricted stock grant in 2004 valued at about $7.7 million, as well as a salary of roughly $602,632, according to the proxy. Separately, Apple said Chief Executive Steven P. Jobs received a salary of $1 a year. He received no other compensation during 2004.”

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