Apple pays off iPod daddy with $8.4 million in stock
Why did Tony Fadell, the driving force behind the iPod, leave Apple? We know this much: Apple is willing to pay him handsomely not to make a fuss on the way out. Digital Daily notes that he's getting paid $300,000 a year through March 24, 2010. That's a 40 percent paycut from his regular salary of $500,009, but the salary is the least of his post-Apple compensation. according to Apple's 10-K filing. If he keeps his gig as as a "special advisor," doesn't sue Apple, and agrees not to recruit Apple employees to any new venture, he'll get 77,500 shares of Apple stock — currently worth a cool $8.4 million.