Apple ties CEO bonus to stock performance
Apple on Friday modified its CEO compensation policy, potentially trimming how much Tim Cook will earn in bonuses over the next few years based on Apple's stock price.
This measure was approved by Apple's board on Friday, the company said, while noting that CEO Tim Cook was applying it to his existing and future stock awards.
In Cook's case, he's got serious incentive to stick around with some 800,000 restricted stock units that are set to finish vesting in annual chunks of 80,000 through the fall of 2021. That reward was previously time-based, meaning … Read more