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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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus