MADRID, 29 Aug. (Portaltic/EP) -
The change of leader in Apple continues its course and part of the data of Tim Cook's agreement with the company begins to be known. Apple will give Cook a total of one million shares. The new CEO will have half of the share package in 2016 and the rest in 2021. It is a maneuver that recognizes Tim Cook's increased responsibility in the company's organizational chart and encourages him to continue with Apple's upward trajectory so that the value of the shares continues to grow.
The departure of Steve Jobs as CEO of Apple has led to doubts about the future of the company. Tim Cook takes over the reins of Apple at a time of bonanza and it is not known if he will be able to maintain the current course. Industry analysts speculate on Cook's possible moves and Apple's future.
The company's board of directors is firm in their election and have demonstrated their commitment to Cook by making official a document from the U.S. Security and Exchange Commission in which they confirm that Cook will receive 1 million shares of Apple. The document confirms that Jobs is leaving the position of CEO and that Cook becomes the head of Apple. With his new role, the board gives Tim Cook a total of one million Shares of Apple, which he will receive in two installments.
On August 24, 2016, Cook will receive the first 500,000 shares and in 2021 the remaining ones. With this initiative, the board rewards and motivates Cook in a single move. On the one hand, it delivers an important package of shares to its new CEO. It is a recognition of your responsibility and the work you will develop. On the other hand, it is a method to encourage the manager. Cook will work to increase apple's value so that the stock in 2016 and 2021 will be worth more than it is today. Cook's interest and Apple's are united with this move.
According to the current value of Apple's shares, the one million shares cook receives is worth $383.5 million (€264.5 million). Depending on Cook's work at the helm of Apple, in 2016 and 2021 the same actions could be worth much more or much less than at present, an incentive for the new CEO to work on the growth of the company.
Related links:
- SEC Documents (http://www.sec.gov/Archives/edgar/data/320193/000118143111047179/rrd320651.htm)
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