May 26, 2024
Five Reasons For Apple iPod Guru's Big Payout

Five Reasons For Apple iPod Guru's Big Payout

Posted November 6, 2008 at 7:44pm by iClarified
CRN has posted five reasons why Apple is paying off Tony Fadell for acting as an adviser to Steve Jobs.

Apple Senior Vice President Tony Fadell, the [so-called] father of the iPod and one of the driving forces behind the iPhone, could receive a payout valued at nearly $9 million (a $300,000 salary and 77,500 shares valued at $8.4 million) for acting as a senior adviser to Apple CEO Steve Jobs. The payout is part of a complicated settlement agreement that prevents Fadell from suing Apple or soliciting Apple employees for one year after he leaves the company. The agreement, which was disclosed in an Apple Securities and Exchange Commission filing, ties Fadell to Apple until March 24, 2010.

Burke gives five reasons Apple agreed to the big payout to Fadell:
1. It Prevents Fadell From Bringing An iPod Killer To Market In Near Term
2. It Prevents A Messy, Drawn Out, Bitter Legal Battle
3. The Payout Keeps Fadell From Poaching Apple Developers
4. It Keeps Fadell Pushing Big Product Development Advances At Apple
5. It Keeps Steve Jobs At The Center Of The Apple Universe

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Five Reasons For Apple iPod Guru's Big Payout
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JSON - November 6, 2008 at 9:36pm
Yes indeed, would be nice to know what caused him and his wife to quit at the same time. Jobs sounds like a control. Everyone that I speak with in Cupertino that dealt with him or works for him, says so. I wonder how much a pain he can be. Anyhow, Tony probably has something up his sleeve for post 2010, can't wait to see what that is.
a - November 6, 2008 at 8:38pm
All Hail King Jobs.
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