Tag - Robert Iger
Time Magazine has again named Apple CEO Tim Cook to its list of the 100 most influential people, in the business-oriented category of "Titans." The short induction article is written by Apple Board of Directors member and Chairman/CEO of Walt Disney, Robert Iger, who said Cook is "committed to doing the right thing, in the right way, at the right time and for the right reasons," and "a leader of great courage and character who demands excellence, upholds the highest ethical standards and routinely challenges the status quo."
A new lawsuit, filed on behalf of plaintiff R. Andre Klein, is seeking damage compensation for Apple shareholders as a result of alleged misconduct by the company's directors and executives. Lawyers for Klein accuse former CEO Steve Jobs, current CEO Tim Cook and others of "breach of fiduciary duty, gross mismanagement, corporate waste, and breach of the duty of honest services." Specifically, by engaging in anti-poaching practices, Apple leaders are said to have caused the company to break antitrust laws, issue misleading proxy statements, and suppress workers' wages.
On Monday Disney CEO Bob Iger bought $1 million in Apple stock, according to a filing with the US Securities and Exchange Commission. The transaction comes just a week after Iger's sale of 1 million shares in Disney, pulling in a net $17.9 million. Iger joined Apple's board of directors in November 2011 as the company tried to fill in the gap left by former CEO Steve Jobs.
In all Apple CEO Tim Cook pulled in about $378 million in 2011, even if most of that money won't be available to him for years, according to the New York Times. The bulk, $376.2 million, consisted of a one-time stock grant that won't vest unless Cook stays with Apple for 10 years. In terms of immediate pay, his combined salary, bonuses, and miscellaneous perks during the year amounted to $1.8 million.
In all Apple's newest board member, Disney CEO Bob Iger, has actually received about $84,376 in Apple stock, notes Fortune. The 142 shares mentioned previously actually represent only restricted ones. On top of this Iger is getting 75 shares of common stock, hitting the $84,376 total based on a closing price from Tuesday, when the executive was awarded his investments.
The newest Apple board member, Robert Iger, will reap at least $50,000 a year from his added work, an Apple SEC filing reveals. Iger is slated to get a "standard $50,000 annual retainer" for his position, paid in quarterly installments. He is also however being granted 142 Apple shares, which vest in February. At current prices, the shares are together worth almost $55,000.
Arthur Levinson (pictured) has been named as the new chairman of the Apple board of directors, the company has announced. Levinson has been on the board since 2000, and also chairs at several other institutions, including Genentech, the Broad Institute, Amyris Biotechnologies, and NGM Biopharmaceuticals. In chairing Apple he will be replacing Steve Jobs, who died on October 5th. Levinson will continue to remain on the Apple board's audit committee.