Featured Articles

HP Stream is a Chromebook killer priced at $200

HP Stream is a Chromebook killer priced at $200

We have been hearing reports of a new breed of affordable Windows notebooks for months. It is alleged that a number…

More...
AMD Radeon R7 SSD line-up goes official

AMD Radeon R7 SSD line-up goes official

AMD has officially launched its first ever SSDs and all three are part of AMD’s AMD Radeon R7 SSD series.

More...
KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 10 January 2012 15:59

Apple CEO received $376 million bonus

Written by Nedim Hadzic

apple

Cook’s stock award

In a move that proves that Apple is just peaches, CEO Tim Cook received a one-time stock award of $376 million.

The bonus is said to be the highest by a company in a decade and is supposed to reinforce the image of Apple’s confidence in Cook. Truth be told, Cook indeed has a tough task and some really big shoes to fill.

In its Monday proxy filing, the company confirmed that Cook received 1 million restricted stock units in August, which amounts to the aforementioned figure. Cook is due first half of the award in 2016 and the second in 2021, which Apple describes as a long term incentive.

Apple said:”The Board views his retention as CEO as critical to the Company's success and smooth leadership transition. The RSU award is intended as a long-term retention incentive". Nobody asked Cook yet but we’re sure he’d say something along the lines of Chappelle’s interpretation of Rick James.

More here.


Last modified on Tuesday, 10 January 2012 18:05

Nedim Hadzic

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments