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 | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |