Saturday, March 13, 2010
Apple awards executive Tim Cook 75,000 stock options for navigating without Jobs
The Chief Operating Officer of Apple Inc. received a $5 million dollar bonus in cash and 75,000 in stock options for leading the company while the chief executive was on medical leave. The 75,000 in stock options is worth just under $17 million at today's prices. This is quiet a nice perk for a person for doing their job.
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1 comment:
Giving out such a large amount of bonus during a recession is questionable. Although the amount is large, it still encourages people to perform well and not slack off.
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