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Add this amount ($380 million or so at current Apple stock price) to the extrapolated salary for Cook over the next decade, and he will earn right around an eve
by Bud 15y ago
Add this amount ($380 million or so at current Apple stock price) to the extrapolated salary for Cook over the next decade, and he will earn right around an even billion dollars in the next 10 years.
Nice work, if you can get it!
- Game_Ender 15y agoNot sure he will be getting this every year. The first 50% vests in 5 years and the next 50% vests 5 years after. This seems like a large deferred bonus to encourage Cook to maintain or increase the stock price for the long term.
- mikehotel 15y agoI read that as the 380 million in 10 years deferred CEO bonus, in addition to his current 60 million/year total compensation, would total to around 1 billion at the end of 10 years. I'm going to go out on a limb and guess it will be well north of 1 billion, once stock price appreciation is accounted for. Hope he considers taking the http://givingpledge.org/ http://givingpledge.org/ :)
- jmreid 15y agoRSUs are fairly standard as a bonus inside Apple (not this many though!). Typically, they vest over four years, twice a year as long as you stay an Apple employee.
- dstein 15y agoI'd like to apply for this position. Are they still accepting resumes or is it too late?