Tim Cook's Bonus Now Depends on Apple's Stock Performance

Apple's CEO Tim Cook has disappointment with the company's declining stock price, but now he's putting his money where his mouth is — or at least some of his money.

When Cook took over as CEO in 2011, he was awarded a bonus of one million shares of Apple stock, half of which were set to vest in 2016 and the other half in 2021 — with the only condition being that Cook stay with the company. However, Apple's board revealed in a filing with the Securities and Exchange Commission that it has approved a request from Cook to tie his bonus payout to the performance of the company's stock — a move that seems intended to prove to investors that Apple's leadership takes the stock price seriously.