Apple gives Tim Cook $376 million stock award | Apple - CNET News: "Cook, who took over the helm at the tech giant when Steve Jobs resigned at the end of August, received $378 million in compensation for the year, according to a proxy statement (PDF) filed today with the U.S. Securities and Exchange Commission. In addition to his $900,000 salary, Cook $376 million in restricted stock and other compensation.
Apple's Board of directors said the size of the award was based on "Cook's performance in assuming responsibility for the company's day-to-day operations during Mr. Jobs's prior leaves of absence. The Board also took into account the 10-year vesting period of the award, the importance of retaining Mr. Cook, and the opportunities Mr. Cook would likely have if he were to seek other employment.""
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Monday, January 09, 2012
Lot of money in Apples
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