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.


Latest Video

View all videos »

Search »

Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work