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Apple's (NASDAQ:AAPL) board has made sure new CEO Tim Cook has plenty of motivation to hang...

Aug. 29, 2011 3:34 PM ETApple Inc. (AAPL) StockAAPLBy: Eric Jhonsa, SA News Editor3 Comments
Apple's (NASDAQ:AAPL) board has made sure new CEO Tim Cook has plenty of motivation to hang around: according to a recent 8-K, Cook has been awarded 1M shares of restricted Apple stock, with half of the shares vesting in 2016, and the other half vesting in 2021. Based on Apple's current trading price, the shares are worth nearly $390M.

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