Apple CEO Tim Cook is apparently willing to pay up for top talent.
Despite record sales and new stock highs recorded on multiple occasions during the past twelve months, Apple has lost no shortage of top talent to other companies - often companies that are in direct competition with Apple in some capacity.
As a result, Cook wants to do whatever he can to keep his team together, even if it means throwing "ridiculous" sums of cash at them. According to new information gained by and published on Bloomberg this week, Cook recently opened his company's wallet to retain one of Apple's longest and most celebrated executives.
On June 28, Apple announced the retirement of Senior Vice President Bob Mansfield... Cook approached Mansfield and offered him an exorbitant package of cash and stock worth around $2 million a month to stay on at Apple as an adviser and help manage the hardware engineering team.