Apple offers Tim Cook 1,000,000 reasons to stay until 2021
In the 8-K filing following their top-level restructuring this week, Apple revealed that they were awarding new CEO Tim Cook quite the signing bonus:
In connection with Mr. Cook's appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units. Fifty percent of the restricted stock units are scheduled to vest on each of August 24, 2016 and August 24, 2021, subject to Mr. Cook's continued employment with Apple through each such date.
As noted by MacRumors, that's worth almost $400 million at current prices. Half the stock can be divested in 5 years, the other half in 10 years, as long as Cook is still with Apple.
This would, of course, be in addition to his salary, options, and bonuses. (Last year those totaled $58 million.)
No word yet on the corporate jet...
Editor-in-Chief of iMore, Executive Producer at Mobile Nations, co-host of Iterate and ZEN and TECH, cook, grappler, photon wrangler.
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Poor Steve wouldn't take these so here ya go! Just stay about as long as Steve did xD
i want 20 shares of apple and i would be happy
I'll sell you some of mine. NOT
You are 15 years old. You don't have any
Yes 15+30 don't let the name fool you KID. I have been a had plenty of apple stock for 7+ years along with other stocks. And have been a apple user before you were thought off.
If he does not want it can I have some of that LOL
hmm I could use a few of those. Good luck Tim wish ya the best of luck. Even though you have been doing this job for awhile already.
I would like to see Tim Cook take the $1 a year salary that jobs has been taking since 1998
Hmm and I've only got 150 shares... Gotta buy some more!
All I can say is that he obviously cares a lot about apple! I got a reply to an email I sent to him at about 6:30 US Time and the IP Looks like a Public WiFi place (AT&T Wayport). To be honest though he's pretty much been CEO since January and everything looks like it's going smoothly, so I'd expect Apple will continue to keep growing at the same rate.
Cable has much more commercials.... But there's DVR!!!! You can fast forward thru them. I too wouldn't pay for HULU. I love the ABC iPad app. Other networks should follow ABC's lead.