Apple's temporary chief gets bonus that could be worth $22M.
Apple Chief Operating Officer Tim Cook earned a $5 million cash bonus plus stock that could be worth nearly $17 million for the six months last year that he took the helm of the company.
In a filing
with the U.S. Securities and Exchange Commission on Friday, Apple said its compensation committee had unanimously approved the bonus, which was recommended by CEO Steve Jobs.
Jobs said Cook deserved the bonus "in recognition of his outstanding performance" during the period Cook ran the company while Jobs was on medical leave.
Along with the cash, Cook was awarded 75,000 restricted pieces of stock. Half of them vest in March next year and the other half the following year. At Friday's closing price, the stock is worth nearly $17 million.