Apple Music Chief Eddy Cue Receives $60 Million Stock Award

Discussion in 'Mac Blog Discussion' started by MacRumors, Sep 23, 2016.

  1. MacRumors macrumors bot

    MacRumors

    Joined:
    Apr 12, 2001
    #1
    [​IMG]


    Apple senior vice president Eddy Cue, who oversees services like the iTunes Store, Apple Music, Apple Pay, Siri, iCloud, and Apple Maps, received nearly $60 million in company stock earlier this week, as scheduled, according to Securities and Exchange Commission documents filed electronically today.

    [​IMG]

    Specifically, 525,000 of Cue's restricted stock units converted into common shares on September 21, worth $59.6 million based on AAPL's closing price of $113.55 on Wednesday. The shares represented the final 75% of 700,000 restricted stock units awarded to Cue in November 2011. The first 25% vested on September 21, 2014.

    Cue was originally awarded 100,000 RSUs, but the compensation package became 700,000 RSUs when AAPL split 7-for-1 in June 2014.

    256,305 shares were withheld by Apple to satisfy the minimum statutory tax withholding requirements on vesting of RSUs. Cue gifted the remaining 268,695 shares that vested, worth approximately $20.2 million, to a family trust as he did when 350,000 of his RSUs, worth $36.1 million at the time, vested in August 2015.

    Cue joined Apple in 1989 and was promoted to Senior Vice President of Internet Software and Services by Apple CEO Tim Cook in September 2011.

    Article Link: Apple Music Chief Eddy Cue Receives $60 Million Stock Award
     
  2. Amacfa macrumors 68000

    Amacfa

    Joined:
    May 22, 2009
    Location:
    D.C.
    #2
    Cue Eddy Cue hate...

    Personally I love him
     
  3. itsmilo macrumors 68020

    itsmilo

    Joined:
    Sep 15, 2016
    Location:
    Europe
    #3
    Literally did not understand a single word i just read lol
     
  4. Joe Rossignol Editor

    Joe Rossignol

    Staff Member

    Joined:
    May 12, 2012
    Location:
    Toronto
    #4
    Rumors suggest Eddy plans to buy 240 Ferraris.
     
  5. asleep macrumors 68040

    asleep

    Joined:
    Sep 26, 2007
    #5
    Wrecked the app, deleted all of my music = $60,000,000.00. [​IMG]
     
  6. JamieLannister macrumors regular

    JamieLannister

    Joined:
    Jun 10, 2016
    #6
    Congrats to him. He seems just like the type to say: "I'll give you $1 million to sleep with your wife for one night"
     
  7. RedOrchestra Suspended

    Joined:
    Aug 13, 2012
    #7

    Indecent Proposal !
     
  8. mrgraff macrumors 6502a

    mrgraff

    Joined:
    Apr 18, 2010
    Location:
    Albuquerque
  9. btrach144 macrumors 65816

    btrach144

    Joined:
    Aug 28, 2015
    #9
    Eddy is smug and has ruined a lot of projects that he's touched. Not worth 60 mill. Cut him and bring someone else in.
     
  10. Brookzy macrumors 601

    Brookzy

    Joined:
    May 30, 2010
    Location:
    UK
    #10
    Imagine how much it would be if iCloud broke past 90% uptime!
     
  11. SteveJobs2.0 macrumors 6502a

    Joined:
    Mar 9, 2012
    #11
    Proof that enough luck can overcome extreme lack of talent!
     
  12. JamieLannister macrumors regular

    JamieLannister

    Joined:
    Jun 10, 2016
    #12
    He would then respond, "How about $2 million?"
     
  13. RedOrchestra Suspended

    Joined:
    Aug 13, 2012
    #13
    Cue appears to be the beneficiary through loyalty rather than competence.
     
  14. _Refurbished_ macrumors 68000

    _Refurbished_

    Joined:
    Mar 23, 2007
    #14
    [​IMG]

    No one compares to Eddy. No one.
    --- Post Merged, Sep 23, 2016 ---
    Reminded me of this:
     
  15. HiRez macrumors 603

    HiRez

    Joined:
    Jan 6, 2004
    Location:
    Western US
    #15
    That's a lot of flip-flops and Hawaiian shirts...
     
  16. Zirel Suspended

    Zirel

    Joined:
    Jul 24, 2015
    #16
    Hi, I'm Tim Cook, and after reading your comment, I decided it was true. I'm not giving Eddy $60M anymore, please send me your IBAN number.
     
  17. GrumpyMom macrumors 604

    GrumpyMom

    Joined:
    Sep 11, 2014
    #17
    Oops, didn't mean to click on this. Meant to read about Eddie Van Halen. Eddy Cue explodes the brain. Carry on, peeps. TGIF
     
  18. 69Mustang macrumors 603

    69Mustang

    Joined:
    Jan 7, 2014
    Location:
    In between a rock and a hard place
    #18
    Uh oh... do not let Rogifan see this.:eek:
     
  19. Relentless Power, Sep 23, 2016
    Last edited: Sep 23, 2016

    Relentless Power macrumors Penryn

    Relentless Power

    Joined:
    Jul 12, 2016
    #19
    I typically like to disparage Against Cue. But honestly, it's not even worth it. Everyone else here has already taken care of that for me. Much appreciated.
    --- Post Merged, Sep 23, 2016 ---
    Why? She always posts the most positive things about him......
     
  20. now i see it macrumors 68030

    Joined:
    Jan 2, 2002
    #20
    And people wonder why Apple products are so expensive. It's for reasons like this.
     
  21. DrewDaHilp1 macrumors 6502a

    DrewDaHilp1

    Joined:
    Mar 29, 2009
    Location:
    All Your Memes Are Belong to US
    #21
    I bet Scott Forstall wishes that he apologized for Apple Maps.
     
  22. smacrumon, Sep 23, 2016
    Last edited: Sep 23, 2016

    smacrumon macrumors 68030

    smacrumon

    Joined:
    Jan 15, 2016
    #22
    I'm not going to contribute to the hate going on here. I do want to make an observation that I don't think Cue's performances at recent keynotes have been polished and they appear poorly rehearsed, not what is expected from highly paid executives at Apple. It has been a long time working at Apple for Cue. What exactly was Cue's role at Apple when starting with the company?
     
  23. Iconoclysm macrumors 68020

    Iconoclysm

    Joined:
    May 13, 2010
    Location:
    Washington, DC
    #23
    And you know this how? The guy is doing tons of work that you will never, ever see. And 60 mil is really not that much at this level. Think about it, his role in the most valuable company in the world - it's beyond comprehension.
     
  24. Rafagon macrumors regular

    Rafagon

    Joined:
    Jun 19, 2011
    Location:
    Miami, FL
  25. 32828870 Suspended

    Joined:
    Jun 23, 2016
    Location:
    New York and Berlin
    #25
    'Some reason Eddy Cue always reminds me of Bill Murray in "What About Bob?"

    [​IMG]

    (the amount of money these guys rake in for phoned in launches with outdated hardware and bloated software is criminal, breaks my heart to see Apple so fragmented and uninspired)
     

Share This Page