Class

Apple’s Board of Directors has elected to modify the award of restricted stock that Tim Cook received after being promoted to CEO in August 2011. The modification, made at Cook’s request, changes the award of 1,000,000 restricted stock units — originally supposed to be awarded in two lump sums over 10 years — to a […]

Apple’s retention strategy

Interesting spot from Bloomberg: Four of the five highest-paid employees at Standard & Poor’s 500 companies aren’t chief executive officers. They’re Apple Inc. (AAPL) senior lieutenants receiving compensation packages designed to keep management intact in an increasingly competitive industry. This is Apple trying to provide some stability in the wake of Steve Jobs’ death.  They […]