- Nov 14, 2011
Every SVP with the exception of Jony Ive is listed as an executive officer of the company. I've always wondered why that is. According to SEC rules an officer is defined as:
Certainly an argument can be made that Ive is in charge of a principle function and has a policymaking role at the company. How can Apple justify not listing him as an officer (and thus not having to disclose his salary or stock option grants)?Rule 16a-1(f) provides the definition for an "officer". It includes the president, the principal financial officer, and the chief accounting officer (or controller), and in addition includes any vice president in charge of a principal business unit, division or function, and any person who performs a significant policymaking function for the issuer.