New Apple CEO gets 1mln shares in companyAugust 27, 2011 - 11:31 AMT PanARMENIAN.Net - Apple's new chief executive Tim Cook has been awarded one million shares in the company, a bonus worth more than $383 million at the current stock price. According to AFP, Apple disclosed the award in a mandatory filing with the U.S. Securities and Exchange Commission. The stock will be doled out in two tranches, 50 percent in 2016 and the remainder in 2021, "subject to Mr. Cook's continued employment with Apple through each such date," the filing said. Cook, 50, replaced Apple's legendary co-founder Steve Jobs as chief executive of the California gadget-maker on Wednesday, August 24. Jobs, 56, who underwent an operation for pancreatic cancer in 2004 and a liver transplant in 2009, is remaining with Apple as chairman of the board of directors. Apple shares gained 2.64 percent on Wall Street on Friday to close at $383.58. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |