Apple COO gets $5 million thank-you
Steve Jobs salary is $1. The cost of a six-month replacement for him? $5 million.
That's what Apple Chief Operating Officer Tim Cook was granted Wednesday as a reward for taking over while Jobs was on medical leave from January to June 2009, according to an SEC filing made by the company Friday.
The Apple board's compensation committee "unanimously approved a recommendation by Steve Jobs" to award Cook a one-time $5 million bonus as well as 75,000 restricted stock units as a thank you for "his outstanding performance," the filing reads.
Cook's … Read more