In a rare TV interview, Tim Cook described this week’s launch of the iPhone on China Mobile as “a watershed day” for the company. While the soft-spoken Apple CEO is noted for the humbleness with which he speaks, it’s hard to imagine him describing Apple as being “honored” to do business with many other companies.
I’m so honored to be doing business with … China Mobile. It’s a huge announcement…we’re incredibly impressed with them, we have deep respect for them, and have had from the very first discussion that we’ve had together” … Read more
Apple just posted a slew of new SEC filings to their Investor Relations site. Back in 2011, the company’s Board of Directors approved an amendment that requires all restricted stock unit (compensation not actually issued until vested a certain time later) to be performance-based, rather than stock price-based. In an effort to “lead by example”, Tim Cook worked with the Board to change his large 1-million RSU 2011 award into performance-based compensation. In return, the RSUs will convert to common stock sooner.
In addition, multiple Apple executives sold large amounts of stuck after their RSUs vested today: