Apple Changed Tim Cook's Pay Package And He Could Lose Out On Millions If Company's Stock Doesn't Perform Well (AAPL) | 9Digg - What the web is talking about right now 9digg.org/apple-changed-tim-cooks-pay-package-and-he-could-lose-out-on-millions-if-companys-stock-doesnt-perform-well-aapl/ Apple changed Tim Cook’s pay package putting 40% of his 1 million Apple shares at risk if the company’s stock doesn’t outperform the market over the next eight years, according to a document filed with the SEC. That means Cook could lose millions if Apple’s stock price continues to slide. He now has a huge incentive to make sure that doesn’t happen. However, the document also states Apple’s board has full confidence in Cook to lead the company. “Mr. Cook is leading this initiative by example and has the full support of the Board of Directors,” the document says. SEE ALSO: Take a full tour of the new operating system for iPhones and iPads Join the conversation about this story »
Posted on: Sat, 22 Jun 2013 06:33:12 +0000