Apple's temporary chief gets bonus......? $22M.

JMH · 15 Mar 2010

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.

Source -
Apple's temporary chief gets bonus that could be worth $22M

noobvious · 15 Mar 2010

Must be nice......if he'd care to share a million bucks, I'd even buy an iPod.....to stimulate the economy, of course.

Lordbob75 · 16 Mar 2010

noob said:

Must be nice......if he'd care to share a million bucks, I'd even buy an iPod.....to stimulate the economy, of course.

If he gave me a million, I would buy an iPad (I need a good cup holder)

~Lordbob

ThePizzaMan · 16 Mar 2010

if he'd give me the money i'd go buy a macbook pro

then sell it on the street haha

Lee · 16 Mar 2010

That's called; "Being in the right place at the right time." :)