Apple gave its iPhone Product Design team bonuses worth “several hundred thousand dollars” in an effort to keep them from being poached by other companies, reports Bloomberg. The bonuses were provided as restricted stock units (RSUs) that will vest over a four-year period.
Hardware designers given bonuses will need to stay with Apple to get the full value of the stock award, which can range from $200,000 to $400,000 or even more depending on how Apple stock does over the next several years.
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