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I was just reading an old article about Tim Cook and his first year at Apple as CEO. It got me curious about what his compensation package was. When he took the job, he was given 1,000,000 shares of restricted stock. He can get half of it in 5 years, the other half in 10 years.
So the day he was awarded the stock, it was worth $376 million. Wow, that's some pretty serious money.
So I checked today to see what it was worth....it started the day at $664 and at the time I was looking at it it was at $667. At 1,000,000 shares, the guy's net worth had gone up $3,000,000 just since opening bell today. Pretty insane. It should be pointed out that he's down about $35,000,000 from just three weeks ago with the stock was at $700.
But what's $35,000,000 in a few weeks when you're up nearly $300,000,000 in less than a year? It's sobering to watch the real-time display and watch as he loses and gains my annual income in about 30 seconds or less.
If we ever ARE going to have a "bag man"....I think we have our guy.
This post was edited by jadennis on 10/3/2012 at 1:58 PM
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