Tim Cook’s revised stock deal cost him $4M this year

Photo: mashable.com

Photo: mashable.com

ComputerWorld noted that Apple’s SEC filing on Friday revealed that Tim Cook lost out on $4M worth of stock as a result of his request to the board in August to revise his compensation arrangements to a deal he felt was fairer to shareholders.

Earlier this year Apple’s board revised Cook’s vesting schedule at his urging. Rather than the two monster stock handouts — which only relied on his continued employment — Cook asked that they be spread out over a 10-year period and tied to the company’s stock performance …  Read more

Cook tells employees Apple ‘has never been stronger,’ plans to address company tomorrow

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Following Apple’s earnings results for Q4 2013, which includes a record iPhone sales number for the September quarter, Apple CEO Tim Cook has emailed employees to congratulate them on the results. Cook says that Apple “has never been stronger,” and highlights the products being released this fall. “I am happy to report that Apple’s business has never been stronger, and we are heading into the holidays within amazing lineup led by the new iPhone 5s, iPhone 5c, the stunning iPad Air and iPad mini with Retina display,” Cook says in the memo…

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Tim Cook talks hiring of Angela Ahrendts as Retail chief, says she is ‘best person in the world for this role’

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Last night, Apple announced that it had finally found a new Head of Retail: Burberry CEO Angela Ahrendts. Ahrendts has been CEO of the fashion retailer for several years, leading the company through substantial growth in international markets. With that global growth experience and focus on high-end products, she seems like a natural fit to succeed in a role that has been so controversial over the past couple of years.

And Apple CEO Tim Cook seems to agree. The Apple chief executive took the time to keep his employees in the loop regarding the hiring process. Cook sent a company-wide memo this morning that discusses how he found Ahrendts and how she will fit into the Apple culture. While Ahrendts will be running Apple’s physical retail stores, she will also run Apple’s online stores. This is the first time in which the Retail Head’s domain covered both offline and online sales…

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SEC finds Apple didn’t create “the Holy Grail of tax avoidance” after all

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A four-month long investigation into Apple’s tax affairs by the Securities and Exchange Commission has cleared the company of any wrong-doing in regard to the way the company accounted for taxes in respect of its overseas operations.

A Senate Permanent Subcommittee on Investigations hearing into Apple’s tax affairs had previously accused the company of seeking “the Holy Grail of tax avoidance” over cash held overseas. The hearing proved anti-climatic, with no wrong-doing established, and the investigation handed off to the SEC. The SEC has now closed the case.

Tim Cook made an unequivocal statement during the Senate hearing that Apple used no tax gimmicks …  Read more

Apple CEO Tim Cook joins Twitter, waxes on visiting Apple Stores today

Tim CookOther Apple executives have been on Twitter for a while, and today CEO Tim Cook sent out his first tweet mentioning that he visited retail stores in Palo Alto for the retail launch of the iPhone 5s and 5c. Cook has been a member of Twitter since July, but his account is not yet verified by Twitter. Apple marketing chief Philip Schiller retweeted Cook’s tweet earlier today proving that the account is indeed run by the Apple CEO.

Earlier today Cook, along with Apple executives Phil Schiller and Eddie Cue, made an appearance at Apple’s Palo Alto retail store in California to greet customers that queued up for the launch of the new iPhones today.

Apple Marketing SVP Phil Schiller sometimes tweets about issues related to the company. For example, back in March Schiller tweeted the words “Be safe out there” along with a link to a study showing a much higher number of security threats on Android compared to iOS. Read more

Apple to live webcast Tim Cook’s Goldman Sachs technology conference presentation Feb. 12

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Apple announced today on its Investor News page that CEO Tim Cook, like in previous years, is scheduled once again to speak at the upcoming Goldman Sachs Technology and Internet Conference. Apple will make a live webcast available for anyone who wants to listen to live-streaming audio from the conference call. Cook’s talk is scheduled for 7:15 a.m. PST on Feb. 12 and will be available to stream from Apple’s website.

If you miss the live broadcast, Apple will most likely post audio of Cook’s full talk after the event as it did last year. You can listen to Cook’s presentation from the 2012 Goldman Sachs conference here.