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Apple locks down Tim Cook as CEO through 2021

Rick Marshall By

The new CEO of Apple will receive 1 million shares of stock between now and 2021.

There’s been no shortage of speculation regarding Apple’s future now that Tim Cook has replaced Steve Jobs as CEO, and now it looks like we’ll have plenty of time to see the company evolve under its new chief’s leadership.

In a filing with the U.S. Securities and Exchange Commission, Apple reported that Cook will be offered 1 million shares of the company’s stock, to be dispersed in two installments between now and the end of 2021. At their current market price, the shares are worth more than $380 million.

The deal states that half of Cook’s “restricted stock units” will be awarded in August 2015, but only if he is still with Apple at the time. The second half will be given to him in August 2021 under the same condition.

With the bump in Cook’s stake, the new CEO’s share of the company is expected to measure one-fifth that of his predecessor’s holdings. Apple’s filing also confirmed that Jobs will continue as an Apple employee, serving as chairman of the board of directors.

As expected, the move is a nice hike in salary for Cook, who reportedly earned an $800,000 salary in 2010 as the company’s COO, along with a $5 million bonus for duties served while Jobs was on medical leave in 2009 and various other payments that brought his earnings up to around $59 million last year.

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Showing 57 comments

  1. Fe Loreta Estrella at 6:53am 30th August 2011 Download: eTyp
  2. Fe Loreta Estrella at 6:53am 30th August 2011 Download: eTyp
  3. Fe Loreta Estrella at 6:53am 30th August 2011 Download: eTyp
  4. Fe Loreta Estrella at 6:53am 30th August 2011 it's just for show... making it appear as if this Cook is all to impt. for Apple to lose... it's all the same Apple is going down the drain...
  5. Fe Loreta Estrella at 6:53am 30th August 2011 it's just for show... making it appear as if this Cook is all to impt. for Apple to lose... it's all the same Apple is going down the drain...
  6. Fe Loreta Estrella at 6:53am 30th August 2011 it's just for show... making it appear as if this Cook is all to impt. for Apple to lose... it's all the same Apple is going down the drain...
  7. Fe Loreta Estrella at 6:53am 30th August 2011 it's just for show... making it appear as if this Cook is all to impt. for Apple to lose... it's all the same Apple is going down the drain...
  8. Fe Loreta Estrella at 6:53am 30th August 2011 it's just for show... making it appear as if this Cook is all to impt. for Apple to lose... it's all the same Apple is going down the drain...
  9. Fe Loreta Estrella at 6:53am 30th August 2011 it's just for show... making it appear as if this Cook is all to impt. for Apple to lose... it's all the same Apple is going down the drain...
  10. Fe Loreta Estrella at 6:53am 30th August 2011 it's just for show... making it appear as if this Cook is all to impt. for Apple to lose... it's all the same Apple is going down the drain...
  11. Robert Stamm at 1:40pm 29th August 2011 looks like apple might just get some where even better than they have in the past with the new CEO TIM COOK
  12. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  13. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  14. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  15. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  16. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  17. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  18. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  19. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  20. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  21. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  22. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  23. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  24. Mark Hermanson at 5:42pm 29th August 2011 ...cool ...he'll now have to say GOOGLE everyday for the next 10 years ....will GOOGLE out innovate COOK .... :-)
  25. Matthew Speer at 4:41pm 29th August 2011 After all this time, why do people continue to underestimate Apple? This reason alone, is why they have achieved their legendary status. Even now, another thread, surrounded with posts around Apple's impending doom.There is one unique difference between HP, Compaq, IBM, Gateway, RIM, and so on.......Apple products work. They might be pricey, but they work. That is something no other company in the PC business has been able to achieve with the Windows logo attached. You can say all you want about how you can tweak and peak your Windows OS to do amazing things that OSx could never achieve. Correct. 2% of the population can turn a toaster into a screaming machine that would crack the Cray Super Computer. The only issue is that 98% of the population can't. They just want to open their webpage in 2ms, with no pop-ups. So that other 98% is heading towards the land of sand wood floors and marble.Apple is winning the battle folks, if you continue too underestimate them, they might just win the war. Flame away, but think about what I said before you actually do. Good read DT....thanks.
  26. Matthew Speer at 4:41pm 29th August 2011 After all this time, why do people continue to underestimate Apple? This reason alone, is why they have achieved their legendary status. Even now, another thread, surrounded with posts around Apple's impending doom.There is one unique difference between HP, Compaq, IBM, Gateway, RIM, and so on.......Apple products work. They might be pricey, but they work. That is something no other company in the PC business has been able to achieve with the Windows logo attached. You can say all you want about how you can tweak and peak your Windows OS to do amazing things that OSx could never achieve. Correct. 2% of the population can turn a toaster into a screaming machine that would crack the Cray Super Computer. The only issue is that 98% of the population can't. They just want to open their webpage in 2ms, with no pop-ups. So that other 98% is heading towards the land of sand wood floors and marble.Apple is winning the battle folks, if you continue too underestimate them, they might just win the war. Flame away, but think about what I said before you actually do. Good read DT....thanks.
  27. Matthew Speer at 4:41pm 29th August 2011 After all this time, why do people continue to underestimate Apple? This reason alone, is why they have achieved their legendary status. Even now, another thread, surrounded with posts around Apple's impending doom.There is one unique difference between HP, Compaq, IBM, Gateway, RIM, and so on.......Apple products work. They might be pricey, but they work. That is something no other company in the PC business has been able to achieve with the Windows logo attached. You can say all you want about how you can tweak and peak your Windows OS to do amazing things that OSx could never achieve. Correct. 2% of the population can turn a toaster into a screaming machine that would crack the Cray Super Computer. The only issue is that 98% of the population can't. They just want to open their webpage in 2ms, with no pop-ups. So that other 98% is heading towards the land of sand wood floors and marble.Apple is winning the battle folks, if you continue too underestimate them, they might just win the war. Flame away, but think about what I said before you actually do. Good read DT....thanks.
  28. Matthew Speer at 4:41pm 29th August 2011 After all this time, why do people continue to underestimate Apple? This reason alone, is why they have achieved their legendary status. Even now, another thread, surrounded with posts around Apple's impending doom.There is one unique difference between HP, Compaq, IBM, Gateway, RIM, and so on.......Apple products work. They might be pricey, but they work. That is something no other company in the PC business has been able to achieve with the Windows logo attached. You can say all you want about how you can tweak and peak your Windows OS to do amazing things that OSx could never achieve. Correct. 2% of the population can turn a toaster into a screaming machine that would crack the Cray Super Computer. The only issue is that 98% of the population can't. They just want to open their webpage in 2ms, with no pop-ups. So that other 98% is heading towards the land of sand wood floors and marble.Apple is winning the battle folks, if you continue too underestimate them, they might just win the war. Flame away, but think about what I said before you actually do. Good read DT....thanks.
  29. Matthew Speer at 4:41pm 29th August 2011 After all this time, why do people continue to underestimate Apple? This reason alone, is why they have achieved their legendary status. Even now, another thread, surrounded with posts around Apple's impending doom.There is one unique difference between HP, Compaq, IBM, Gateway, RIM, and so on.......Apple products work. They might be pricey, but they work. That is something no other company in the PC business has been able to achieve with the Windows logo attached. You can say all you want about how you can tweak and peak your Windows OS to do amazing things that OSx could never achieve. Correct. 2% of the population can turn a toaster into a screaming machine that would crack the Cray Super Computer. The only issue is that 98% of the population can't. They just want to open their webpage in 2ms, with no pop-ups. So that other 98% is heading towards the land of sand wood floors and marble.Apple is winning the battle folks, if you continue too underestimate them, they might just win the war. Flame away, but think about what I said before you actually do. Good read DT....thanks.
  30. Matthew Speer at 4:41pm 29th August 2011 After all this time, why do people continue to underestimate Apple? This reason alone, is why they have achieved their legendary status. Even now, another thread, surrounded with posts around Apple's impending doom.There is one unique difference between HP, Compaq, IBM, Gateway, RIM, and so on.......Apple products work. They might be pricey, but they work. That is something no other company in the PC business has been able to achieve with the Windows logo attached. You can say all you want about how you can tweak and peak your Windows OS to do amazing things that OSx could never achieve. Correct. 2% of the population can turn a toaster into a screaming machine that would crack the Cray Super Computer. The only issue is that 98% of the population can't. They just want to open their webpage in 2ms, with no pop-ups. So that other 98% is heading towards the land of sand wood floors and marble.Apple is winning the battle folks, if you continue too underestimate them, they might just win the war. Flame away, but think about what I said before you actually do. Good read DT....thanks.
  31. Matthew Speer at 4:41pm 29th August 2011 After all this time, why do people continue to underestimate Apple? This reason alone, is why they have achieved their legendary status. Even now, another thread, surrounded with posts around Apple's impending doom.There is one unique difference between HP, Compaq, IBM, Gateway, RIM, and so on.......Apple products work. They might be pricey, but they work. That is something no other company in the PC business has been able to achieve with the Windows logo attached. You can say all you want about how you can tweak and peak your Windows OS to do amazing things that OSx could never achieve. Correct. 2% of the population can turn a toaster into a screaming machine that would crack the Cray Super Computer. The only issue is that 98% of the population can't. They just want to open their webpage in 2ms, with no pop-ups. So that other 98% is heading towards the land of sand wood floors and marble.Apple is winning the battle folks, if you continue too underestimate them, they might just win the war. Flame away, but think about what I said before you actually do. Good read DT....thanks.
  32. Richard Wills at 4:29pm 29th August 2011 as soon as jobs left and he took over apple got rid of the .99cent downloads. what a loser company, glad I use a ordinary cell phone and the linux/ubuntu operating system...
  33. Richard Wills at 4:29pm 29th August 2011 as soon as jobs left and he took over apple got rid of the .99cent downloads. what a loser company, glad I use a ordinary cell phone and the linux/ubuntu operating system...
  34. Richard Wills at 4:29pm 29th August 2011 as soon as jobs left and he took over apple got rid of the .99cent downloads. what a loser company, glad I use a ordinary cell phone and the linux/ubuntu operating system...
  35. Richard Wills at 4:29pm 29th August 2011 as soon as jobs left and he took over apple got rid of the .99cent downloads. what a loser company, glad I use a ordinary cell phone and the linux/ubuntu operating system...
  36. Richard Wills at 4:29pm 29th August 2011 as soon as jobs left and he took over apple got rid of the .99cent downloads. what a loser company, glad I use a ordinary cell phone and the linux/ubuntu operating system...
  37. Richard Wills at 4:29pm 29th August 2011 as soon as jobs left and he took over apple got rid of the .99cent downloads. what a loser company, glad I use a ordinary cell phone and the linux/ubuntu operating system...
  38. Richard Wills at 4:29pm 29th August 2011 as soon as jobs left and he took over apple got rid of the .99cent downloads. what a loser company, glad I use a ordinary cell phone and the linux/ubuntu operating system...
  39. Dillon Keeter at 4:01pm 29th August 2011 He won't, Apple won't ever as good as they were.
  40. Dillon Keeter at 4:01pm 29th August 2011 He won't, Apple won't ever as good as they were.
  41. Dillon Keeter at 4:01pm 29th August 2011 He won't, Apple won't ever as good as they were.
  42. Dillon Keeter at 4:01pm 29th August 2011 He won't, Apple won't ever as good as they were.
  43. Dillon Keeter at 4:01pm 29th August 2011 He won't, Apple won't ever as good as they were.
  44. Jawad Ahmed at 4:00pm 29th August 2011 Good thoughts
  45. Jawad Ahmed at 4:00pm 29th August 2011 Good thoughts
  46. Jawad Ahmed at 4:00pm 29th August 2011 Good thoughts
  47. Jawad Ahmed at 4:00pm 29th August 2011 Good thoughts
  48. Jawad Ahmed at 4:00pm 29th August 2011 Good thoughts
  49. Kurtis Kronk at 3:41pm 29th August 2011 Locks down? Is that how big-business works? Interesting.
  50. Kurtis Kronk at 3:41pm 29th August 2011 Locks down? Is that how big-business works? Interesting.
  51. Kurtis Kronk at 3:41pm 29th August 2011 Locks down? Is that how big-business works? Interesting.
  52. Kurtis Kronk at 3:41pm 29th August 2011 Locks down? Is that how big-business works? Interesting.
  53. Kurtis Kronk at 3:41pm 29th August 2011 Locks down? Is that how big-business works? Interesting.
  54. Harley Alderson at 3:35pm 29th August 2011 hopefully he keeps doing the good work steve did
  55. Harley Alderson at 3:35pm 29th August 2011 hopefully he keeps doing the good work steve did
  56. Harley Alderson at 3:35pm 29th August 2011 hopefully he keeps doing the good work steve did
  57. Harley Alderson at 3:35pm 29th August 2011 hopefully he keeps doing the good work steve did
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