Apple will pay for silence to the creator of iPod

Silence is gold. This saying acquires a very real content in the situation with Tony Fadell , the main developer of the player iPod. It was he, an engineer by training, in the 90s came up with the concept of a music player with a hard disk and offered to establish its production to different companies, until Apple agreed.



The newly retired senior vice president of the iPod division will receive $ 300,000 a year from the company just for silence. The contract is signed before March 24, 2010. Until that time, he pledges not to get involved with Apple’s competitors and not to use his knowledge in this professional field.



Interestingly, de jure Tony Fadell will continue to be on the staff of Apple. The company has issued him to the position of "Advisor CEO". His only duty is to do nothing, and pay for silence is carried out as a salary. Clever. At the same time, Tony retains the social package and bonus in Apple promotions. Under the contract, he is obliged to keep his mouth shut and not work with competitors also for a year after his dismissal, that is, at least until March 2011.



Here is a quote from the official form 10-K, which Apple recently published .

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via The Wall Street Journal