tech:

taffy

Tim Cook Paid Compensation Worth $378 Million By Apple

[Techtaffy Newsdesk]

Its new Chief Executive Officer received compensation worth some $378 million, says Apple. Tim Cook’s pay for the year 2011 included $376.2 million in shares, half of which will vest in five years and the remaining in ten years. Mr. Cook’s salary was $900,000 in 2011. Apple’s former CEO Steve Jobs drew $1 as salary from the company, plus stock grants.

Mr. Cook’s compensation is higher than Oracle’s CEO Larry Ellison’s 2011 paycheck ($77.6 million) as well as Microsoft’s Steve Ballmer’s pay package of $1.38 million, according to a Bloomberg Businessweek report by Adam Satariano and Heather Perlberg.

Just in

Trump announces $20 billion foreign investment to build new U.S. data centers — CNBC

Emirati billionaire Hussain Sajwani, a Trump associate and founder...

Meta ending fact-checking program: Zuckerberg — The Hill

Social media giant Meta announced a series of changes...

How Elon Musk’s X became the global right’s supercharged front page — The Guardian

Every week, the platform seems to supercharge a news issue that comes to dominate conservative discourse – and often mainstream discourse, as well – with real political repercussions; writes J Oliver Conroy.

Court strikes down US net neutrality rules — BBC

A US court has rejected the Biden administration's bid to restore "net neutrality" rules, finding that the federal government does not have the authority to regulate internet providers like utilities; writes Natalie Sherman.