Apple Inc. (AAPL) SVP of Technologies, Bob Mansfield Sells off $20.4M worth of Company Stock

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Bob Mansfield

According to a filing with the SEC, Apple Inc. (AAPL) Senior Vice President of Technologies, Bob Mansfield has sold off 35,000 shares of AAPL stock for the price of $582.21 per share, which equates to about $20.4 million. Mansfield reportedly has 29,548 shares remaining with the company, and will be offered another stock option of 150,000 shares. These shares will be offered on June 2013 and also in March 2016.

Bob Mansfield announced retirement earlier this year when he held the position, SVP of Hardware Engineering. He later decided to stay as SVP of Technologies and now runs Apple’s wireless and semiconductor teams. This new position was given to Mansfield after SVP of iOS software, Scott Forstall was removed from the company following a string of issues with iOS Maps and Siri as well as Forstall’s strained relationship with other executives at the company.

Mansfield is receiving $2 million a month to stay at Apple and run these teams, which are still working through the management shakeup and fixing previous issues. With Mansfield still working at Apple, the company is retaining one of the original executives that is familiar with both the leadership of Steve Jobs and Tim Cook. Apple has had a major turnover with its retail chief, with the departure of Ron Johnson and John Browett and with the removal of Scott Forstall as iOS chief.

{Via AppleInsider}

  • Tony NoName

    Apple started going downhill when with Steve Jobs out on medical, they ran to IBM to pull Mark Papermaster out to groom for taking Steve’s place. Papermaster only answered to Steve. But disagreements between Mark and “Jony Ive Invented Everything” (and Steve steals the credit) was causing a riff in the company over focusing solely on “LOOKS” over functionality. Mark was saying external antenna’s look nice, but will no doubt cause problems on the reception side. Steve was forced to choose between “Jony Ive Invented Everything” and newcomer Mark Papermaster (hardware engineer) to support on iPhone 4 decision that resulted in AttennaGate.

    It was clear then that “Jony Ive Invented Everything” (and Steve was just stealing the credit) would end up showing off his arrogance and spoiled brat demeanor. Here he wins again…. and they lose the guy who was most responsible for making iPhone a success (Scott Forstall)…. and the guy who created Apple Stores success. Steve Jobs should be rolling in his grave over the debacle his pet “Jony Ive Invented Everything” has done to bring about the destruction of Apple’s internal power structure.

    So now here’s the big question why did Mansfield sell off over half of his shares after so abruptly deciding to retire after Cook at the bequest of “Jony Ive Invented Everything” got rid of Jony’s and his biggest Nemesis… Scott Forstall? Scott was most like Steve’s Jobs. Both feared and revered for his simple coding brilliance. If….. Steve hadn’t of pulled Scott with him back into Apple from NeXT, iOS would have never been born as it was. There is nothing comparable still in mobiles today because of him and he wasn’t the one that should have taken the fall fall for Maps, because that has nothing to do with the Operating System itself!

    Why does anyone think Mansfield left? It had nothing to do with Forstall and a whole lot more with Jony Ive Invented EVERYTHING’s asinine megalomania…. not Scott’s! ….but in that way you can see that great company or great anything takes lots of megalomanic minds to make them a success in the first place. But….. if that success ever starts going completely to their heads like with Jony Ive Invented EVERYTHING’S…. then that company has seen it’s best days gone by!

  • noname

    Some of those shares are what they stole from me after they stole my ideas and threw me in the street…but hey Mansfield (and Scott Foreskinn and the rest of of those K.ikes) are harder working than I am so they deserve to be big time crooks right?

  • Binky

    Some of those shares are what they stole from me after they stole my ideas and threw me in the street…but hey Mansfield (and Scott Foreskinn and the rest of of those K.ikes) are harder working than I am so they deserve to be big time crooks right?

  • http://www.facebook.com/michael.suozzi.12 Michael Suozzi

    There is no shake-up. Tim got rid of what was no good.
    This sale by Mansfield was a week or two ago. Why are you rehashing and trashing his right to profit from his employment contract?
    He still owns a bunch of stock and has more options coming this summer.
    Or is he better off waiting til next year and giving more to the Obama Follies?
    Sell Off is a sensationalized and damaging headline; as are the suggestions in your article.

    • Ivan

      You’ve got your life savings tied up in this Value-Added Reseller crook’s den, don’t you. Sorry bud, your money now belongs to Wall Street crooks and AIPAC 1 percenter insiders

  • RussellL

    “Mansfield is receiving $2 million a month to stay at Apple and run these
    teams, which are still working through the management shakeup and
    fixing previous issues.”

    Mansfield knows apple isn’t the same as it used to be.

    • troyds

      please provide a quote to any statement where Mansfield mentions this current view about Apple or did you talk to him personally? Otherwise, kindly keep your opinions to yourself.