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Apple's Tim Cook gets his earthly reward


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the8thark

 
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Apple's Tim Cook gets his earthly reward
Apple's Tim Cook gets his earthly reward - Apple 2.0 - Fortune Brainstorm Tech
Quote:
For filling in for Steve Jobs: A $5 million bonus and stock worth nearly $17 million more
So for 6 months work he got paid, if you use todays share prices, 22 million for 6 months work. And that equates to $1,583,561.65 per day or roughly $158 thousand per hour in stocks and cash of you use a 10 hour working day. That is an insane amount of money.

[edit] Here is another article all about Tim Cook and Apple.
The genius behind Steve
It is a really good read. And explains why he is one of the geniuses behind making Apple how it is today. Also the article states Tim Cook might just be Jobs successor as CEO of Apple.
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So, he worked less than 14 days in 6 months @ $1,583,561 a day? Great schedule!

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Keeping a $40B (and growing) per year company running smoothly and continuing to innovate is really not an easy job.

I'm not a big fan of these massive salaries, but if Apple didn't pay him that kind of money, someone else would.

And let's face it: the reason that stock went from being $17M worth to $22M worth in six months is because he did a great job. APPL is trading at an all-time high right now.

So yes, if Steve decided to retire (which he will likely do in the not-too-distant-future) I could easily see Cook, Schiller and Forstal carrying on.
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