Kal Korff

Apple Gives New CEO $383 Million in Stock Bonus
by Kal K. Korff
Internationally Syndicated Copyright © 2011 by Kal K. Korff - ALL RIGHTS RESERVED.

Apple’s newly-appointed CEO, Tim Cook has been awarded a million shares by the firm over the next decade, effectively keeping him on board through at least 2021. Apple stock rose $9.86 to $383.58 per share after the news broke. Cook was seduced away from IBM by Jobs, who promptly made him their Chief Operations Officer. His presence was immediately felt, as he fine-tuned and streamlined the company’s once infamously undisciplined supply chain and inventory control system. Today, Apple leads the computing industry in both manufacturing efficiency and ensuring a steady supply of vital parts and components. The company buys about 60 per cent of the world’s supply of SDRAM chips, and has several factories working round the clock to meet the seemingly insatiable demand by consumers for their hot-selling iPad, iPhone, iPod Touch and MacBook Air products. Cook is regarded as a ‘genius’ in the industry. After initially falling 5 per cent when Jobs announced his resignation, shares of the company quickly rebounded after Apple announced that Cook would be his replacement. Already, the company has three firms manufacturing the super high resolution retina-like displays for its next iPad model, dubbed ‘iPad 3,’ which is due for release early next year, purportedly powered by a new quad-core chip Apple makes called the ‘A6.’ Next month, they are expected to release both a new iPhone, called the ‘iPhone 5,’ and a newer less expensive version of their bestselling iPhone 4. The new iPhone 4 is rumoured to be much cheaper than the present model, and is being targeted specifically

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for the Asian markets of India and China. All three of China’s major phones carriers have agreed to now support the iPhone. Apple-owned brand name stores in China alone, service more than one million customers per day, which is unprecedented for a computing chain. The lower priced iPhone 4 will still deliver all of the expected functionality, but is designed to compete against lower priced Nokia and Google Android-based offerings. In the United States, Apple’s two year old iPhone 3GS is still the country’s second bestselling smartphone. Apple has now become the world’s largest mobile computing company, having passed Nokia, Samsung, Sony, RIM’s Blackberry, Acer, Motorola and even Hewlett-Packard. Cook’s stock award of one million non-voting shares will be vested over ten years. Now that he is signed through at least 2021, doubts about Apple’s long-term stability appear to be over. 1.0v1 Aug 28, 2011 Kal K. Korff is an internationally known author, columnist and investigative journalist.

Copyright © 2011 by Kal K. Korff - ALL RIGHTS RESERVED. No part of this content may be reproduced in any form nor by any means without the express, written consent of Kal Korff. “Fair use,” does NOT apply. By reading this document, you willingly agree to be legally bound by its terms and conditions. Violators of this policy will have a felony DMCA Copyright infringement notice filed against them with law enforcement. First time offenders may be fined up to $500,000, imprisoned for five years, or both. For repeat offenders, the maximum penalty increases to a fine of $1,000,000, imprisonment for up to ten years, or both. This is a DMCA protected document, illegal copying and/or reproduction of its contents are tracked on the Internet and reported to law enforcement for felony prosecution.

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Copyright © 2011 by Kal K. Korff - ALL RIGHTS RESERVED. No part of this content may be reproduced in any form nor by any means without the express, written consent of Kal Korff. “Fair use,” does NOT apply. By reading this document, you willingly agree to be legally bound by its terms and conditions. Violators of this policy will have a felony DMCA Copyright infringement notice filed against them with law enforcement. First time offenders may be fined up to $500,000, imprisoned for five years, or both. For repeat offenders, the maximum penalty increases to a fine of $1,000,000, imprisonment for up to ten years, or both. This is a DMCA protected document, illegal copying and/or reproduction of its contents are tracked on the Internet and reported to law enforcement for felony prosecution.

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