Saturday, August 27, 2011

Tim Cook's compensation

Apple filed a form 8-K with the SEC because of the changes in corporate leadership at the company. ...
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.
This stock award is worth just over $383 million at current prices ...

In 2010, as COO, Tim Cook received $58 million in salary, bonus and other stock awards.
--Jordan Golson, MacRumors, on the rewards to being the top dog at Apple