By Cody Lee on Jan 22, 2015
Tim Cook received compensation of $9.22 million last year for his work as Apple’s Chief Executive Officer, according to a new SEC filing by the company. Bloomberg points to the documents, noting that Cook was paid out $1.75 million and $6.7 million in non-equity incentive compensation for the fiscal year that ended in September.
The amount is more than double Cook was paid for his work in 2013, with much of the boon coming as Apple’s stock reached an all-time high late last year. Apple unveiled several new products in the fall, including long-awaited larger-screened iPhones, a new payment system, and a wearable that it expects to sell well when it launches in March. Read More
By Christian Zibreg on May 21, 2014
Google has hinted in a filing with the United States Securities and Exchange Commission (SEC) that it’s envisioning the future in which ads could be served to a dizzying range of devices such as thermostats, refrigerators, cars and more.
Based on a letter Google sent to the SEC in December, which was disclosed Tuesday and picked up by the Wall Street Journal, its advertising content could in the not-so-distant future appear on “refrigerators, car dashboards, thermostats, glasses, and watches, to name just a few possibilities.”
Google shocked watchers after announcing its $3.2 billion acquisition of smart thermostat maker Nest Labs back in January. Immediately, watchers expressed concern over the repercussions of the buy. Nest co-founder Tony Fadell responded by assuring customers in a blog post that Nest won’t share their data with Google… Read More
By Christian Zibreg on Dec 27, 2012
Tim Cook’s CEO salary for the calendar year 2012 was $4.17 million, which includes a $1.36 million salary and $2.8 million in compensation related to incentive plans, reveals a document Apple filed with the U.S. Securities and Exchange Commission. Now, a bunch of media outlets pointed out that Cook’s salary dropped 99 percent versus 2011. Such sensationalist reporting couldn’t be farther from the truth.
Cook’s $376 million compensation in 2011 and $52 million in the year before was given to him in stock options and these won’t vest until 2016 and 2021.
So yeah, Cook’s ‘salary’ did drop 99 percent this year versus 2011, but without stock awards (his base salary last year was $900,000). The filing also reveals the company gave a pay raise to a select few members of its executive team to reflect their increased responsibilities following the departure of SVP of iOS software Scott Forstall, announced in October… Read More