Apple CEO Tim Cook gets $384M payday

Well, so much for Apple cofounder Steve Jobs' infamous $1 pay. Just two days after taking the chief executive's chair from Jobs, Tim Cook received a stunning 1 million shares from Apple. It's restricted stock -- meaning shares won't vest for years --- but it's big money, about $383.58 million at today's closing price of $383.58. Thank you Apple for making the math easy for the end of another shockingly busy tech news week. Whatever happened to August vacations and no big biz activity until after Labor Day? Huge stock awards aren't unusual, particularly for incoming CEOs. Boards of directors… [Continue Reading]

Source: http://feeds.betanews.com/~r/bn/~3/HbN2TzH2gcI/

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