Apple links part of Tim Cook’s compensation directly to stock performance
Performance grading will only be applied to half of the units per vesting cycle. The metric used to gauge Apple’s success will be “total shareholder return.”
Performance grading will only be applied to half of the units per vesting cycle. The metric used to gauge Apple’s success will be “total shareholder return.”
The rule was instituted just before Apple shareholders voted down a similar proposal earlier this week. And it comes in the midst of a six-month-long stock slide.
Exxon retakes the lead in market capitalization as Apple’s stock continues its precipitous drop since posting its best ever revenues ($54 billion) and profits ($13 billion) and all-time best iPhone and iPad sales.
There are a variety of factors that have caused the stock to dip and rise since September, but Wednesday was particularly odd because there wasn’t any obvious thing that should be spooking Wall Street. Here are some financial analysts’ best guesses as to what’s afoot.
Here’s our daily pick of stories about Apple from around the web that you shouldn’t miss. Today’s installment: iPads and the Greek debt crisis, Kaspersky on iOS security, details behind Apple’s Monday stock surge, Apple’s spendy ways when it comes to chips, and TiVo’s iPad arrival.
Apple stock hit an all-time high of $503.83 in early trading Monday, surpassing the magic $500 mark. It has since gone back down a bit, and at the time of publishing, AAPL was at $499.22. The stock has gone steadily upward since Tim Cook became CEO.