∞ Tim Cook signs 10 year, 1 million share deal

The Next Web:

Apple’s new CEO Tim Cook got more than just a job at the biggest tech company in the world when he signed on with Apple. He also got 1,000,000 shares of Apple stock, a bonus worth $383 million at current prices.The news comes from an 8-K filing with the SEC that details the terms of Cook signing on as CEO.

The stock vests in two five-year increments – 2016 and 2021. Assuming Apple stock prices grow at the same rate it has been, that could make Cook a very wealthy man. Looks like Apple’s Board of Directors is very serious about making sure Tim stays in charge of Apple for a long time.