Apple strips CEO Cook of $4 M in stock grants for poor share performance..
Posted in the Banking Forum
#1 Dec 29, 2013
Read this: Computerworld - Apple CEO Tim Cook received a compensation package of $4.25 million for the 2013 fiscal year, a 2% increase over the year before.
But the board also dinged Cook to the tune of nearly $4 million in stock vesting reductions, citing Apple's subpar performance compared to the S&P 500's for the 12-month period.
In a preliminary proxy statement filed Friday with the U.S. Securities and Exchange Commission (SEC), Apple spelled out Cook's compensation for the period ending Sept. 28, as well as that for four other executives: Eddie Cue, who heads Apple's online efforts; CFO Peter Oppenheimer; Daniel Riccio, the company's hardware engineering lead; and Jeffrey Williams, chief of operations.
It is the trend of the future: CEO is solely responsible fro the enterprise he is assigned to lead!!!
#2 Dec 29, 2013
The inkling of this posting: The issue of National Debt and Debt Ceiling Resolutions in March, 2014 shall be a Guiding Light to the outcome of Elections in 2014 and beyond!!!
Those in power needs to exercise prudence in their thinking!
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