Cook Receives 1 Million Share Bonus as Apple CEO

Maybe Tim Cook will work out after all as Apple’s new CEO. Apple made it official on Friday by filing papers with the SEC, noting the change of CEOs. Apple has one helluva incentive program to keep him on the right track for the next ten years. As part of his CEO package, Cook was awarded 1 million shares of Apple stock valued at $383 million at today’s stock prices.

The filing also notes the official changeover of Cook replacing Steve Jobs as CEO and is dated with today's date.

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