Monday, August 29, 2011

Tim Cook should be very happy being CEO of Apple

Tim Cook should be very happy being CEO of Apple

Apple has given its new CEO, Tim Cook, a million reasons to stay on until August 24, 2021. As required by Securities and Exchange Commission rules, Apple filed a Form 8-K on Friday to officially inform stockholders of company leadership changes that might affect stock performance. Oh, if you haven't heard, Steve Jobs resigned his CEO position on Wednesday, and was replaced by former COO Tim Cook. Included in the brief filing is the following bit of largesse proffered to Mr Cook:

In connection with Mr Cook's appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units.

2DayBlog.com, Tim Cook should be very happy being CEO of Apple

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