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.
Now AAPL Stock: 98.99 ( + 1.09 )
Hyundai brings CarPlay to more 2016 models
Along with its previously-announced support for adding CarPlay technology to the 2016 Sonata, 2017 Elantra, and 2017 Ioniq, a leaked memo to dealers has revealed that CarPlay-supporting software updates will be available today that bring the infortainment tech to the 2015 and 2016 non-hybrid Sonata models, the 2016 hybrid Sonata, the 2015 and 2016 Genesis Sedan, the 2016 Tucson, the 2017 Santa Fe, and the 2017 Ioniq. Owners can upgrade the system themselves by visiting the Hyundai website, and will need a Mac or PC with either an SD card slot or SD card reader to transfer the update to the vehicle. http://bit.ly/1YZqkqS
Kanex GoPower USB-C charges MacBook
Accessory maker Kanex has introduced a new GoPower model of battery pack featuring both a traditional USB port for charging smartphones and tablets as well as a USB-C port. The new 15,000mAh model offers enough power to fully recharge a 12-inch Retina MacBook, which uses the USB-C port for power, or an iPad Air 2 one and a half times, an iPad mini 4 around 2.5 times, an iPhone 6s Plus approximately 4.4 times over, and an iPhone 6s up to seven times over. The unit, which sells for $100 from Amazon or Kanex directly, outputs 5V at 3A on its USB-C port, and 5V at 2.4A on the USB-A port, and features pass-through charging and priority charging detection technology. http://amzn.to/25lMwD0
Google Paris HQ raided by investigators
Google's Paris headquarters has been raided by dozens of French police. The Tuesday raid was part of an ongoing investigation into possible tax-avoidance practices, stoked by widespread dissatisfaction with the way multinationals like Google are structuring their business operations. Although trading in many countries around the globe, Google reports its international sales only in tax-friendly Ireland, similar to a practice adopted by Apple. According to French law, if it completes any of its sales contracts in France and not Ireland alone, it could be in breach of its laws. Google, for its part, denies any wrongdoing, and said that it is fully compliant with French law. http://reut.rs/1Udk2T9
Apple TV extends universal search to NBC
Apple has extended its universal search function on the Apple TV to now include NBC shows in its results, provided the user has installed the NBC tvOS app. The search results can be generated either through Siri, or through the Search app, and includes support for searches by title, genre, and actor, among other queries. NBC joins CBS, more recently, among other channels including: Disney Channel; Disney Jr; Disney XD; FOXNOW; FXNOW; HBO GO; HBO NOW; Hulu; Nat Geo TV; Netflix; PBS; PBS Kids; SHOWTIME; SHOWTIME Anytime; Starz, and Watch ABC, all of which are supported by universal search. http://apple.co/25lGi5R
Comixology fires up $6 all-you-can-read service
Amazon-owned Comixology has launched an all-you-can-read comic subscription service. After a 30-day free trial, for $6 a month, subscribers can draw from a large selection of the Comixology library, minus Marvel and DC comics. For now, the service is US-only. http://bit.ly/1WMAOft
QuarkXPress 2016 now shipping
Quark is now shipping QuarkXPress 2016, the newest version of Quark's graphic design and desktop publishing software that now features near-WYSIWYG fixe HTML5 publishing as well as improved operability with InDesign and Illustrator and support for multi-Color Gradient Blends, OpenType Stylistic Sets, a Color Picker (Eyedropper tool), Touchpads for Pinch and Zoom (Mac only) and more. Users on any previous version of QuarkXPress (versions 3-10) can upgrade to version 2016 for $350, while QuarkXPress 2015 users can upgrade to 2016 for $180; new licenses are available for $850 (education licenses are available for $90). http://bit.ly/1OL23Pu
Kanex debuts GoPower USB-C for MacBooks
Kanex today introduced its GoPower USB-C, a portable power solution designed to charge a USB-C MacBook on the go along with an iPhone or iPad simultaneously. Featuring 15,000 mAh of power--capable of charging an iPhone 6s seven times or the USB-C MacBook one full time--the GoPower USB-C Portable Battery features one 3A USB-C port and one 2.4A port for other devices, priority charging detection technology and a pass-thru charging to your devices when the battery is plugged into a power source. http://bit.ly/1TKaf8z