Mansfield changes roles at Apple; company probing labor issues

Apple (AAPL) engineering chief Bob Mansfield is no longer on the company's executive team, and instead will work on "special projects," while still reporting to Tim Cook. His bio has disappeared from Apple's executive profiles page.

Mansfield, Apple's long-time hardware engineering head, temporarily announced his retirement last year, only to be lured back (reportedly following employee discontent over his departure) and given a bigger role as part of Tim Cook's Oct. '12 shakeup. A $2M/month salary may have helped convince him.

Former Yves Saint-Laurent CEO Paul Deneve was named a "special projects" VP earlier this month. Many speculate he's working on an iWatch.

Separately, Apple says it's sending audit teams to 3 Chinese factories accused by Chinese Labor Watch of having poor working/living conditions.

From other sites
Comments (3)
  • wigit5
    , contributor
    Comments (4365) | Send Message
    $2m/month... must be nice... how the other half lives. I have trouble thinking how to spend that kind of cash.
    29 Jul 2013, 09:53 AM Reply Like
  • MJ Pragmatist
    , contributor
    Comments (401) | Send Message
    Mansfield has done a great job. He's probably worth the money from a stockholder's perspective, but it is a lot of cash.
    29 Jul 2013, 10:38 AM Reply Like
  • olderhippy
    , contributor
    Comments (35) | Send Message
    Remember, Uncle Sam gets a big piece of that. He probably only clear 1.5 Million/month; a pittance compared to the wealth people like Jobs and Gates accumulated. With Gate's money, this guys salary could be paid for over 100 years and Gate's would still have a few billion left over.
    29 Jul 2013, 10:44 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs