May
2012
Sunday, January 15, 2012
Alexei Oreskovic, Reuters

New Apple CEO’s $376 Million Stock Award

The largest stock award given by any company in 10 years was recently given to Tim Cook, the new CEO of Apple, Inc. He received a one-time platinum, silver, and gold parachute of nearly $400 million.

[Reuters] The company's board granted Cook 1 million restricted stock units (RSUs) to signal its confidence in Cook after Steve Jobs turned over the helm of the iPhone and iPad maker to his long-time lieutenant in August.

Seems reasonable. 

Posted by Editor on 01/15/12 at 05:05 AM •  (0) Comments

Tags:  ceo, wealth, business,

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