Remember That CEO Pay Cap? It’s Even Less Effective Than We Knew

By Allan Sloan, ProPublica Tim Cook got almost $400 million of restricted stock when he was named Apple chief executive in 2011, succeeding Steve Jobs. Regardless of whether Apple shareholders fared well or badly over the grant’s 10-year term, all Cook needed to do to collect that stock (worth about $700 million at today’s price) was... Read Article →