“Apple Inc. Chief Executive Officer Tim Cook collected 560,000 shares, half of them linked to the company’s performance and the maximum allowed under the iPhone maker’s long-term compensation program,” Anders Melin reports for Bloomberg.
“The award was worth $89.2 million when it was granted on Thursday, based on Apple’s $159.27 closing price. He received the performance-linked stock because Apple shares outperformed at least two-thirds of businesses in the S&P 500 Index over three years, according to a regulatory filing Monday,” Melin reports. “It’s Cook’s fourth consecutive payout at the top threshold.”
Cook, 56, receives annual payouts from a giant stock award he got after succeeding Steve Jobs in 2011, which was set to vest in two phases over a decade,” Melin reports. “For the three years ended Aug. 24, Apple shares returned 71 percent, ranking it in the 81st percentile among index members, according to the filing.”
Read more in the full article here.
MacDailyNews Note: Cook volunteered to introduce a performance-related element to his own awards back in 2013. Cook has also stated plans to donate his fortune to philanthropic causes.
Well deserved.
Way to go Tim, keep up the fantastic work. It’s good to see you with a plan for all that money. I’m sure it will be used to advance the humanitarian cause.
Winning all round.
Apple benefits from Cook’s leadership. Apple’s hareholders benefit from AAPL doing well. Cook benefits from the kudos and recognition which goes with that degree of success and the good causes which Cook supports benefit from his generosity.
… Apple’s shareholders benefit too. The hareholders I mentioned allow the tortoises to win as well.
I’ve changed my name to Philanthropic Causes.
I hope Pipeline tweeted the President a grateful thank-you note.
botvinnik – always the arsehole.
Can’t you concede just for once that Tim Cook is doing some good at Apple?
Without the Trump-induced stock market rocket, Pipeline TImmy would not have gotten his “bonus.”
“Apple cuts Tim Cook’s pay 15% for missing sales goals…”
January 6, 2017: 10:27 AM ET
http://money.cnn.com/2017/01/06/technology/apple-tim-cook-pay-cut/index.html
Thanks Donald,
xoxoxoxo
Pipeline Timmy
Thanks President Obama for the strong economy with which trump is coasting on.
GDP in The Muslim Usurper’s last quarter: 1.9%
GDP today after 9 months of Trump: 3.0%
Like I said, thank you President Obama for the strong economy that trump is coasting on.
Not hard to understand.
1.9% GDP is not a strong economy. Basic math is “hard to understand” for you.
Work on the massive US economy would take a little while to show up. Basic math is “hard to understand” for you.
lol, okay Mr. Wizard.
you lose.
again.
Thank you President Obama for the strong economy which tRump is coasting on.
That statement is true. A lump could have been president these 7 months and the results would be the same.
Oh wait, a steaming pile is president. Same concept.
So, riddle me this.
For 8 years the economy improved and unemployment went down under Obama but he got no credit for it at all.
Trump crawls out of the cesspool of your mind and SUDDENLY, magically, he is solely responsible for things continuing how they were going.
Just a simple, logical explanation will do.
I know. rolls eyes
I lose again.
Sigh.
1.9 and 3.0, figure it out libtard.
sorry bottwipe. I know how to count. I also understand trends. I also understand the economy moves like a tanker. It does not turn on a dime. I also understand that your steaming pile has done nothing to really affect the economy… except for his hissy fit’s undoing the things Obama did because that is all he has.
But of course, you won’t answer the question I asked. Just deflect some more.
evidently not.
Now you are getting so pathetic, you actually used libtard.
Your true intelligence (or lack thereof) leaked out.
then why do you have such a problem realizing 3.0 is a higher number than 1.9, libtard?
..crickets..
I understand simple numbers. Why do you have trouble understanding reality. Oh, I know. Lack of oxygen from the tight fit of your head up someones… anal canal.
hey, if you ever get a library card, check-out “The Shining”…fished you in like the illiterate jackass you are last night. I laughed and laughed and laughed…
at YOU.
…crickets…..
check the link
Try to say something intelligent.
…lots and lots of crickets…
I really don’t like Stephen Kings horror.
I loved The Stand though. Read the 1400 page version in 4 days.
I guess you don’t like movies either. God, you’re dumb.
I like movies with plots and character development. Unlike you…. fake explosions and dried cat turds.
you are so pretentious and shallow….a whole 1400 pages! wowsville!
oh man. When the uncut version came out of the book, I was in heaven. I had read the original twice by then. I couldn’t wait for the unexpurgated version.
Big word there bottwipe. Did they teach it to you in divinity school. Did you get private lessons from jimmy swaggart?
And you know I’m a megalomaniac. You recognized my greatness yourself. Why wouldn’t I be pretentious?
hmmm.. seems to be cyclical.. Wow. Obama had 5.2% in 2014…. in spite of the lickspittle, traitorous republican obstructers.
..crickets..
I’m not a fan of such huge compensation. I mean, how many hundreds of millions does a person actually need to afford anything he/she wants? But Tim’s plan of donating his money to good causes is a very admirable goal.
That truly is absurd amount of compensation. 89 million and he can’t even put out a competitive , decent desktop computer.
All he can do is say they dropped the ball, please give me my 89 million.
It works fine, you’re just an idiot….
PS: The GDP is hardly “cherry picking.”
To Mr “whom nit-picker”…
– inappropriate comma use
– ellipsis plus a period?
And, by the way, you’re a belligerent asswipe.
oh, so you’re the idiot that posted that “pray to who?” on yet another alias, Cocoa Miss.
I shoulda knowed.
When you don’t recognize historical data (5.2% – 2014 and 3.2 % 2015 and 2.8% in 2016) then you are cherry picking.
Look at the link to the chart I posted. Luckily it didn’t embed because you would be embarrassed for your asinine post. With just a link you can keep your head buried… you know where.
…and 1.9 in his final curtain rape of the American economy, every day that The Muslim Usurper is not president is a great day!
MAGA
my gosh, ethel. You mean things fluctuate. Conditions and results change?
shhhhhhh… don’t tell bottwipe. he might lose it and get all petty and spiteful.
Arby’s for lunch. Make ameriKKKa greedy again. maga
go buy a hat. It’s all you tiny hands boy has.
oh yeah, you lied about the prices of those hats too.
I’m stunned.
I was just making an off the cuff remark. A guess. Sorry you are so disappointed.
no, you lied and got busted.
so was tRumps beautiful health plan that was all ready to go from day one a lie?
Just a yes or no will do.
I figured the orange clown would only try to rip his lick spittle followers only a little bit. I didn’t imagine it would be a royal reaming.
okay, Miss Keller: which is larger…1.9 or 3.0?
c’mon baby, you can do it.
Hey now…. bottwipe has a doctorate…. of divinity from jimmy swaggart divinity school.
You can always tell a Obamanation libtard by two characteristics:
• If something bad happened during The Anointed One’s administration: it was Bush’s fault.
• If something good happens in the Trump administration, it’s because of the great work done earlier by The Anointed One.
you people are truly mentally ill. Never accountability.
SAD!.
I actuallty thought you might have a shred of humanity after last night. Even some humor but…
I guess not. The article is even gone. Wouldn’t want to show that you are actually human.
So yo must work for mdn to get a whole article where you seemed human deleted.
you and 2014bc.
Still haven’t answered that question.
So I guess Tim Cook isn’t coasting on what Jobs did then.
Good to know you are proud of the job he is doing.
lots of crickets today
and racism
where is you wet wipe buttwipe. Even he is tired of your stupidity, hate, meanness and pathetic self.
or is buttwipe just you masturbating yourself.
Her name was Wendy…
bwahahahahaha, you idiot.