Apple has given newly-appointed chief executive Tim Cook the equivalent of just under $384 million in stock, locking him up throughout 2021.
Cook’s deal was revealed in an SEC filing released on Friday. Cook will serve both as chief executive with a member of Apple’s board.
Particularly, Apple granted Cook 1 million limited stock units. Near $383.58, the cash price of Cook’s compensation would be over $383 million. Cook by now received a salary last year of $800,000 plus a bonus of $900,000 for serving as Apple’s chief operating officer.
Half of . . . → Read More: Tim Cook Receives $383.6 Million in Stock from Apple
Google TV Box Price Is Now 50% Slashed Down
The price of Revue, Google’s TV set-top box, has been slashed down to over 50%. Logitech was forced to do so after more items were returned to stores than sold in the first quarter of the year.
The box, which enables users to surf the web while in the living room, now costs $99 in the US, down from $249.
This new price is lesser in value than the production expenses of Logitech, meaning they are now facing a $34m write-off as a result.
The company said the price cut will “remove . . . → Read More: Google TV Box Price Is Now 50% Slashed Down