Apple may have
revealed additional details about the iPad on Friday, but perhaps a more interesting revelation came in the form of regulatory filing regarding Apple Chief Operating Officer Tim Cook.
You may recall that CEO Steve Jobs took a six-month leave of absence in 2009 due to medical issues, and that Cook
ran the day-to-day operations of Apple during that time. Apparently, Apple’s board of directors remembers that time as well.
Wall Street Journal reports (subscription required) that Friday’s filing shows Cook was awarded a bonus package worth $22 million—which comes out to $3.6 million a month while filling in for Jobs.
According to the story, the bonus comprised $5 million in cash, and 75,000 restricted stock units (half of which vest on March 10, 2011, half on March 10, 2012) worth about $17 million as of today. Jobs is said to have nominated Cook for the bonus himself.
Clearly, the board took that nomination pretty seriously.