Apple's new top lawyer took a $25 million stock handshake for joining the company, a report claims.
Apple recently announced the appointment of former Oracle general counsel Daniel Cooperman to its new head of legal affairs post. Cooperman replaces former general counsel Donald Rosenberg, who lasted just ten months in the job. It remains unclear why Rosenberg left, but he has since taken the top legal affairs post at Qualcomm.
Law.com reports that Apple CEO Steve Jobs handled Cooperman's recruitment personally, and that Jobs spoke to his close friend and Oracle CEO, Larry Ellison, prior to offering the general counsel's job.
The report confirms Jobs began speaking with Cooperman this summer, "at least by August".
"Dan is a proven quantity: He's operated in a fast-moving environment where there were a lot of deals, a lot of innovation, a lot of really smart people with no shortage of forceful personality," Robert Major, a long time general counsel recruiter with Major Lindsey & Africa told Law.com. "Jobs wanted someone from the Valley, he wanted someone who was familiar to him."