So APPLE Wanted Daniel Cooperman pretty bad at One time, only to make a quick deal to get D. Bruce Sewell on that Job as APPLE General Counsel.
It is Said that Daniel Cooperman left Unrestricted Stock Options....
It is Said that when Bruce Sewell took over these stocks were "left on the table" sort of speak, I don't believe that for a minute... this talk of "restricted stocks" what does that mean when APPLE can offer them up early, can dangle them to go with new jobs....
Why Does APPLE do this Let's GO NOW ..
with their General Counsel and I don't Care what it Costs?
It can only be because of pending litigations and what that person, that attorney - general counsel would mean in connection to current pending doom. It must be cheaper to spend say $25 Million to get a General Counsel that can help or has connections in a particular situation rather then to lose a hundred million dollar case or deal.
Regarding Daniel Cooperman's Hiring....
At this Time, Nov. 2007, the Media Outlets discused that the then General Counsel at APPLE Donald Rosenberg would be leaving after ONLY 10 Months on the JOB, and that Donald Rosenberg had $30 Million in those seemingly hard to get, coveted "Restricted Apple Stocks".
What is so Important about what these General Counsel's bring to APPLE that after 10 months they have $30 Million in "Restricted Apple Stocks" ? WoW they sure must do something WORTH hundreds of Millions in that Short Time - or How could this Twisted Game be Worth it?
Donald Rosenberg had been an East Coast IBM lawyer, Before Coming to APPLE for those Short 10 months, so surely Donald Rosenberg had the Connections to Get APPLE Out of What Ever November 2007 Legal Mess they were in.
There was Some Reason APPLE needed Rosenberg and there was some Immediate Reason that after 10 months Donald Rosenberg would Leave APPLE for the HURRIED hiring of Daniel Cooperman only to have Daniel Cooperman leave with the same sense of urgency to Hire D. Bruce Sewell due to whatever Connections, Affiliations, Deals, and Perks he could bring to APPLE to get them out of their Current Legal Messes. (FTC, Patent Lawsuits, SEC ... )
When Daniel Cooperman Came to APPLE, his "Experience" and Connections were seemingly to help APPLE out of some SEC Civil Charges... as this Quote from the Article Below.
"" Apple has had its own troubles. Rosenberg's predecessor at Apple, Nancy Heinen, faces SEC civil charges in connection with stock option backdating. Heinen's lawyers have said she did nothing wrong. Apple's share price has doubled in less than a year and as its business grows, so too do the potential legal issues.
" 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," said Robert Major, a longtime GC recruiter with Major Lindsey & Africa who was not involved in Cooperman's hire. "[Jobs] wanted someone from the Valley, he wanted someone who was familiar to him." ""
Article I am Discussing
"" Bite of Apple Is Sweet for New GC
November 06, 2007
"Just how badly did Apple want to hire Daniel Cooperman?
Enough to give the former Oracle general counsel 133,000 shares of restricted stock, worth about $25 million at the end of trading Thursday when the company announced the grant. And enough that Apple CEO Steve Jobs handled his recruitment personally, according to an individual familiar with the situation who did not want to be named.
Apple named Cooperman GC on Sept. 28, the same day it was announced that then-GC Donald Rosenberg would be leaving for Qualcomm after only 10 months on the job. The triple play was completed when Oracle announced it was promoting Dorian Daley to its top legal spot.
Donald Rosenberg had restricted Apple stock worth about $30 million at the time he left, and the first quarter of that was scheduled to vest Dec. 1.
Rosenberg's new job doesn't seem to offer as much upside. A Qualcomm regulatory filing shows he received 500,000 options at about $40 a share, or about a dollar below where the shares closed Friday.
Jobs began talking with Cooperman in the summer, at least by August, according to someone familiar with the situation. The Apple boss also talked with Oracle CEO Larry Ellison -- the two are known to be friends -- before getting serious with Cooperman.
"I don't think [Cooperman] met anyone else in the company until Jobs had talked to Ellison personally," said an individual familiar with the situation.
Recruiters say that a demanding boss like Jobs probably saw Cooperman as a crucial hire.
"You need someone who's really seasoned, who's really trusted -- and whose general counsel would you trust more than your best friend's general counsel?" said Martha Africa, a longtime recruiter, now with Hodge Niederer Cariani Lindsay, who was not involved in Cooperman's placement.
Lawyers and legal recruiters speculated that Rosenberg, an East Coast IBM lawyer before coming to Apple, wasn't the best fit for the Silicon Valley company. But few details have emerged about the circumstances of his departure.
Nor is it entirely clear whether it was Cooperman's arrival or Rosenberg's departure that sparked the three-way move.
A Qualcomm spokesperson said the San Diego chipmaker conducted a nationwide search for a new general counsel in mid-summer, but declined to say when the company first contacted Rosenberg. The company's longtime general counsel, Louis Lupin, departed in mid-August, after a series of setbacks.
In any event, Qualcomm was pleased to welcome Rosenberg: The company gave him more options than it had given its chief financial officer or chief technical officer last year.
"If his grant is not out of line with the other senior executives, it shows that they're considering him one of their top executives," said Tom LaWer, a principal at Compensia Inc., an executive compensation consulting shop in the San Francisco Bay Area.
Qualcomm is engaged in a broad array of litigation against rival Broadcom Corp., along with other companies. At the time of Lupin's departure, Qualcomm had suffered a host of litigation defeats, and in one, a San Diego judge found that Qualcomm's legal team had committed "litigation misconduct," and may impose sanctions.
Apple has had its own troubles. Rosenberg's predecessor at Apple, Nancy Heinen, faces SEC civil charges in connection with stock option backdating. Heinen's lawyers have said she did nothing wrong. Apple's share price has doubled in less than a year and as its business grows, so too do the potential legal issues.
"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," said Robert Major, a longtime GC recruiter with Major Lindsey & Africa who was not involved in Cooperman's hire. "[Jobs] wanted someone from the Valley, he wanted someone who was familiar to him."
Daniel Cooperman has cashed in about $6.8 million worth of Oracle stock since late September around the time his move was announced. Meanwhile, Oracle's new GC, Daley, received options to buy 150,000 shares at $20.75 in mid-October.
Rosenberg did not return phone calls. Apple representatives declined to comment beyond the company's initial press release.""
Link to Source:
http://www.law.com/jsp/cc/PubArticleCC.jsp?id=1194257038059
APPLE - Durward Bruce Sewell
Showing posts with label Daniel Cooperman. Show all posts
Showing posts with label Daniel Cooperman. Show all posts
Sunday, January 10, 2010
Wednesday, January 6, 2010
Daniel Cooperman Was Bought Out Because APPLE needed D. Bruce Sewell to fight NOKIA
What ever it Cost to buy out Daniel Cooperman you can be sure it was Worth It.
Obviously this is speculation on my part, however, Come on, What else Could it be
Mark My Words it was Not without a HUGE back Story on Why Bruce Sewell Left Intel Corp, What Motivated his Leave, Who had to Sign off on him Leaving, Who had to pay of Daniel Cooperman To Give his Job to D. Bruce Sewell and Just What Bruce Sewell Was bringing to APPLE that they wanted so Bad.
D. Bruce Sewell Knows his Way AROUND Anti-Trust Laws - Durward Bruce Sewell Certainly knows how to shut up those Pesky Inventors and Keep them from having ANY rights or Revenue from What they invented, and who knows what other "Connections" - "Cover Ups" and "Perks" D. Bruce Sewell brings to APPLE.
Maybe it is FCC, SEC, or FTC Connections that D. Bruce Sewell Brings to the APPLE Table, Whatever it Is, I Hope it Was REALLY worth it to APPLE and their Reputation.
" Intel's Sewell Replaces Cooperman as Apple GC
Zusha Elinson
The Recorder
September 16, 2009
Steve Jobs has shown great staying power.
The general counsel who have served him lately have not.
On Tuesday, Apple Inc. said that its top lawyer, Daniel Cooperman, is retiring after two years on the job. At the same time, the company announced that it's hired D. Bruce Sewell, who stepped down as Intel Corp. GC on Monday.
"We are thrilled to have Bruce join our executive team, and wish Dan a very happy retirement," said Jobs in a press release.
"With Bruce's extensive experience in litigation, securities and intellectual property, we expect this to be a seamless transition."
The timing of Cooperman's retirement, at the end of this month, is unusual. He is 58 and he is potentially leaving about $17.5 million worth of unvested restricted Apple stock on the table.
Cooperman was granted 133,000 shares of Apple restricted stock on Nov. 1, 2007, after he was personally recruited by Jobs to replace the short-tenured Donald Rosenberg as GC.
Cooperman's stock grant was scheduled to vest over four years and he got the first quarter last fall, worth about $5.8 million at the current $175-a-share value.
The next quarter of the grant was scheduled to
vest on Nov. 1, six weeks from now.
Last year, the company gave Cooperman 60,000 shares that would vest in 2012.
Neither Apple nor Cooperman would say if the company had agreed to give him the stock early.
In an e-mail, Cooperman said he is looking forward to his free time after spending 11 years as the GC of Oracle Corp. and two at Apple.
"It is not often that we get to pursue our dreams," Daniel Cooperman wrote. "After 13 consecutive years in the GC role at two major Valley companies, with virtually no time to myself, I am looking forward to pursuing some other interests: community service, board and advisory roles, consulting, teaching, maybe even taking up golf. But it will be at my own pace, and on my own time."
Cooperman's predecessor, Rosenberg, lasted just 10 months on the job.
An East Coast lawyer from IBM Corp., Rosenberg had been brought on to shine up Apple's image after a stock option backdating scandal landed then-general counsel Nancy Heinen in hot water with the government.
Heinen was charged by the SEC and ultimately settled for $2.2 million. She had lasted nearly 10 years as GC under Jobs.
When Daniel Cooperman was hired, he was seen as a Valley guy who could handle Jobs' strong-willed personality, since he'd previously worked under Oracle CEO Larry Ellison. And most thought he'd be a better fit than Rosenberg, a Silicon Valley outsider.
During his tenure, Daniel Cooperman shaped up Apple's legal department. He hired Charles Charnas from Hewlett-Packard Co. to head up the corporate department, a position that had not been filled for years. He also instituted a preferred provider program where the company whittled down the number of outside law firms it uses.
"I leave Apple with great pride in the talented men and women who staff the Apple Legal Department," Daniel Cooperman wrote. "They have been marvelous colleagues. And, of course, I wish Bruce Sewell the best of luck in his new role."
D. Bruce Sewell will have his hands full.
The company is currently under scrutiny for its public disclosures of Jobs' ailing health.
The company initially downplayed the CEO's health problems last winter, but soon after announced that Jobs would take a six-month leave of absence.
Jobs received a liver transplant. Because investors believe that Jobs is so important to the success of the company, the SEC has reportedly opened an informal investigation into the adequacy of Apple's disclosures.
Apple is also facing an FCC inquiry into why the company rejected a Google software application for the iPhone that allows users to make cheap calls over the Internet. The company also has the usual mix of litigation facing tech companies, like patent infringement and product liability lawsuits.
D. Bruce Sewell, 50, was general counsel at Intel for the past five years.
A litigator by trade, he joined Intel in 1995. He's an old hand with antitrust issues, as one of his primary tasks at the chip company was to fight accusations brought by competitor Advanced Micro Devices Inc.
The European Commission fined Intel a record $1.45 billion for unfairly squashing competition earlier this year.
Intel announced that Sewell was leaving Monday amid a management shakeup. Tuesday's announcement that he would be taking Apple's top spot and Cooperman would be retiring caught the San Francisco Bay Area legal community off guard.
"This is a surprise and we are not going to know the truth of this for a while," said Martha Africa, an in-house recruiter with Major, Lindsey & Africa who was not involved in the deal. "One can speculate why this musical chairs is going on. But what is clear again is that the Valley is again valuing Valley insiders."
Apple did not respond to questions sent via e-mail and Daniel Cooperman didn't respond to questions about the circumstances surrounding his decision to leave.
Links to Read Full Article Above and for More on This...
http://www.law.com/jsp/article.jsp?id=1202433833262
Daniel Cooperman, Bruce Sewell
So Google was going to Work With APPLE on the iPhone and Now Google has it's own Phone... hmmmm... Not Fair Play over there at Apple no Wonder they needed Bruce Sewell.
Obviously this is speculation on my part, however, Come on, What else Could it be
Mark My Words it was Not without a HUGE back Story on Why Bruce Sewell Left Intel Corp, What Motivated his Leave, Who had to Sign off on him Leaving, Who had to pay of Daniel Cooperman To Give his Job to D. Bruce Sewell and Just What Bruce Sewell Was bringing to APPLE that they wanted so Bad.
D. Bruce Sewell Knows his Way AROUND Anti-Trust Laws - Durward Bruce Sewell Certainly knows how to shut up those Pesky Inventors and Keep them from having ANY rights or Revenue from What they invented, and who knows what other "Connections" - "Cover Ups" and "Perks" D. Bruce Sewell brings to APPLE.
Maybe it is FCC, SEC, or FTC Connections that D. Bruce Sewell Brings to the APPLE Table, Whatever it Is, I Hope it Was REALLY worth it to APPLE and their Reputation.
$$$$$$
" Intel's Sewell Replaces Cooperman as Apple GC
Zusha Elinson
The Recorder
September 16, 2009
Steve Jobs has shown great staying power.
The general counsel who have served him lately have not.
On Tuesday, Apple Inc. said that its top lawyer, Daniel Cooperman, is retiring after two years on the job. At the same time, the company announced that it's hired D. Bruce Sewell, who stepped down as Intel Corp. GC on Monday.
"We are thrilled to have Bruce join our executive team, and wish Dan a very happy retirement," said Jobs in a press release.
"With Bruce's extensive experience in litigation, securities and intellectual property, we expect this to be a seamless transition."
The timing of Cooperman's retirement, at the end of this month, is unusual. He is 58 and he is potentially leaving about $17.5 million worth of unvested restricted Apple stock on the table.
Cooperman was granted 133,000 shares of Apple restricted stock on Nov. 1, 2007, after he was personally recruited by Jobs to replace the short-tenured Donald Rosenberg as GC.
Cooperman's stock grant was scheduled to vest over four years and he got the first quarter last fall, worth about $5.8 million at the current $175-a-share value.
The next quarter of the grant was scheduled to
vest on Nov. 1, six weeks from now.
Last year, the company gave Cooperman 60,000 shares that would vest in 2012.
Neither Apple nor Cooperman would say if the company had agreed to give him the stock early.
In an e-mail, Cooperman said he is looking forward to his free time after spending 11 years as the GC of Oracle Corp. and two at Apple.
"It is not often that we get to pursue our dreams," Daniel Cooperman wrote. "After 13 consecutive years in the GC role at two major Valley companies, with virtually no time to myself, I am looking forward to pursuing some other interests: community service, board and advisory roles, consulting, teaching, maybe even taking up golf. But it will be at my own pace, and on my own time."
Cooperman's predecessor, Rosenberg, lasted just 10 months on the job.
An East Coast lawyer from IBM Corp., Rosenberg had been brought on to shine up Apple's image after a stock option backdating scandal landed then-general counsel Nancy Heinen in hot water with the government.
Heinen was charged by the SEC and ultimately settled for $2.2 million. She had lasted nearly 10 years as GC under Jobs.
When Daniel Cooperman was hired, he was seen as a Valley guy who could handle Jobs' strong-willed personality, since he'd previously worked under Oracle CEO Larry Ellison. And most thought he'd be a better fit than Rosenberg, a Silicon Valley outsider.
During his tenure, Daniel Cooperman shaped up Apple's legal department. He hired Charles Charnas from Hewlett-Packard Co. to head up the corporate department, a position that had not been filled for years. He also instituted a preferred provider program where the company whittled down the number of outside law firms it uses.
"I leave Apple with great pride in the talented men and women who staff the Apple Legal Department," Daniel Cooperman wrote. "They have been marvelous colleagues. And, of course, I wish Bruce Sewell the best of luck in his new role."
D. Bruce Sewell will have his hands full.
The company is currently under scrutiny for its public disclosures of Jobs' ailing health.
The company initially downplayed the CEO's health problems last winter, but soon after announced that Jobs would take a six-month leave of absence.
Jobs received a liver transplant. Because investors believe that Jobs is so important to the success of the company, the SEC has reportedly opened an informal investigation into the adequacy of Apple's disclosures.
Apple is also facing an FCC inquiry into why the company rejected a Google software application for the iPhone that allows users to make cheap calls over the Internet. The company also has the usual mix of litigation facing tech companies, like patent infringement and product liability lawsuits.
D. Bruce Sewell, 50, was general counsel at Intel for the past five years.
A litigator by trade, he joined Intel in 1995. He's an old hand with antitrust issues, as one of his primary tasks at the chip company was to fight accusations brought by competitor Advanced Micro Devices Inc.
The European Commission fined Intel a record $1.45 billion for unfairly squashing competition earlier this year.
Intel announced that Sewell was leaving Monday amid a management shakeup. Tuesday's announcement that he would be taking Apple's top spot and Cooperman would be retiring caught the San Francisco Bay Area legal community off guard.
"This is a surprise and we are not going to know the truth of this for a while," said Martha Africa, an in-house recruiter with Major, Lindsey & Africa who was not involved in the deal. "One can speculate why this musical chairs is going on. But what is clear again is that the Valley is again valuing Valley insiders."
Apple did not respond to questions sent via e-mail and Daniel Cooperman didn't respond to questions about the circumstances surrounding his decision to leave.
Links to Read Full Article Above and for More on This...
http://www.law.com/jsp/article.jsp?id=1202433833262
Daniel Cooperman, Bruce Sewell
So Google was going to Work With APPLE on the iPhone and Now Google has it's own Phone... hmmmm... Not Fair Play over there at Apple no Wonder they needed Bruce Sewell.
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