Peter Kafka

Recent Posts by Peter Kafka

New Apple CEO Tim Cook Gets a $383 Million Bonus

Tim Cook, promoted from Apple’s chief operating officer to chief executive officer this week, gets more than a new title: He also gets a million shares in Apple, doled out in restricted stock units that vest in two five-year increments. Those shares are worth $383 million at today’s closing price. Last year, Apple paid Cook a salary of $800,000 but gave him a $5 million bonus and another $52 million worth of stock awards.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald