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Tim Cook has received his first stock grant in over a decade.
Reported by MacRumors, a new filing with the SEC revealed that Apple CEO Tim Cook has been awarded over 667,000 restricted stock units that are worth, according to today's stock price, over $76 million.
Apple CEO Tim Cook was this week awarded 667,974 restricted stock units or RSUs worth more than $76 million at Apple's current price, according to a filing with the SEC. The first half of the RSUs are set to vest in one-third increments in 2023, 2024, and 2025, so Cook will receive 111,329 shares every April starting in 2023.
According to the report, this is the first stock grant that Tim Cook has received from Apple since 2011. The last of that grant will completely vest in 2021, which explains why this new one will vest in 2023 through 2025.
Apple's board of directors issued a statement on the award, citing the CEO and Apple's enormous success since Cook took on the role at the company.
"Tim has brought unparalleled innovation and focus to his role as CEO and demonstrated what it means to lead with values and integrity. For the first time in nearly a decade, we are awarding Tim a new stock grant that will vest over time in recognition of his outstanding leadership and with great optimism for Apple's future as he carries these efforts forward."
Cook was not the only Apple executive to receive stock awards this time around. Luca Maestri, Deirdre O'Brien, and Jeff Williams also received over 178,000 shares as well.
Several employees on Apple's executive team have also received stock awards, including Luca Maestri, Deirdre O'Brien, and Jeff Williams, all of whom have been awarded 178,128 shares. As with Cook's award, half of these RSUs will vest between 2023 and 2025, while the rest are performance based awards.
Many have started to wonder when Cook might retire, but according to the CEO, he can't envision his life without Apple.
"I consider it the privilege of a lifetime to be here in this role at this time. I love working with this team. I consider them family. It's hard to explain. It may sound like messaging or something, but it's not. It's that deep in my heart, I really love the people I work with and currently it's tough to envision my life without that. So we'll see. At some point, of course, we all do something different, but at the moment, there's no place I would rather be than right here."
Of course, one day Cook will have to leave for one reason or another. When he does, Jeff Williams, Apple's Chief Operations Officer, is rumored to be the one who would take the helm.
Twitter has just expanded its voice tweets feature, which lets you record a snippet of audio to include with a tweet, to more users on iOS. But perhaps more significantly, Twitter is now saying it plans to add transcriptions to voice tweets to improve accessibility, which could help address criticisms from the feature’s June 17th launch.
If you want to get an idea of how voice tweets work right now, just press play on the below tweet to hear a voice clip from my colleague Tom Warren. There’s currently no way to see captions or a transcription of what he’s saying. (Note: Tom is not actually sharing exclusive next-gen console news.)
Twitter just launched voice tweets. Here’s some exclusive next-gen console news p...
Cyberpunk 2077 developer CD Projekt Red has told employees that six-day workweeks will be mandatory ahead of the game’s November 19th release date, even though the studio has repeatedly and explicitly promised it would never do that, Bloomberg reports.
On two separate occasions in 2019, studio co-founder Marcin Iwiński told game journalist Jason Schreier how it would address crunch, once even saying that “we want to be more humane and treat people with respect.” It seemed pretty clear from excerpts like this that mandatory crunch was not going to be part of it!
Jason: If I’m a designer at CD Projekt Red and I say you know what I have kids, I have a family, I’m going to work from 10am to 6pm every day, and that’s it. Even until the...
China continues to tighten its grip over the App Store.
Today, Apple began contacting developers who offer RSS news reader apps to inform them that their apps will no longer be available in the China App Store.
Inoreader posted the communication from Apple on Twitter, which says that its app violates local laws in China and therefore will no longer be able to be offered in the region.
Hello,
We are writing to notify you that your application will be removed from the China App Store because it includes content that is illegal in China, which is not in compliance with the App Store Review Guidelines.
Apps must comply with all legal requirements in any location where you make them available (if you're not sure, check with a lawyer). We know this stuff is complicated, but it is your responsibility to understand and make sure your app conforms with all local laws, but just the guidelines below. And of course, apps that solicit, promote, or encourage criminal or clearly reckless behavior will be rejected. While your app has been removed from the China App Store, it is still available in the App Stores for the other territories you selected in iTunes Connect.
Best regards,
App Store Review
We received notice from @Apple that our app is removed from the Chinese @AppStore. Free news apps in China will follow VPN's fate it seems. pic.twitter.com/5Dmo4BOKoE
— Inoreader (@Inoreader) October 23, 2017
Other RSS reader app developers responded to the tweet, saying that they have also received the same communication from Apple.
Same here. Reeder 4 (iOS) was also removed from the Chinese App Store. https://t.co/95aXs4MaEh
— Reeder (@reederapp) September 29, 2020
This is the latest move from China to crack down on the App Store and get tighter control over what is allowed to be offered to consumers in its country. Back in August, Apple complied with orders from the Chinese government and removed over 26,000 games from the App Store in a single day.
With the recent tension between the United States government and China over TikTok and WeChat, another report suggests that Chinese regulation over the China App Store could continue to get even more strict.
Apple may remove EarPods on top of the power adapter from the iPhone 12 box.
Reported by MacRumors, code found within the iOS 14.2 beta points to the idea that Apple will not be including a set of EarPods in the box with the iPhone 12.
A change in the copy between iOS 14 and iOS 14.2 has been found when talking about "reducing exposure to RF energy." In iOS 14, the copy talks about using the "supplied headphones," but in iOS 14.2, that text has removed the word "supplied."
In iOS 14 and earlier versions of iOS, there's a mention of reducing exposure to RF energy by using the "supplied headphones," which is the same wording that Apple has used for years now. In iOS 14.2, this wording has been tweaked to say just "headphones," removing the "supplied" part of this statement. The full code reads as follows:
Previous reports from Ming-Chi Kuo and Dan Ives back in May and June also pointed to Apple removing EarPods from the box of its upcoming iPhones, so this latest find is one more indication that it may be true. The company may launch some kind of promotion to encourage customers to upgrade to AirPods along with their new iPhone.
The removal of EarPods may also be joined by the removal of the 5-watt power adapter, which Apple is rumored to be doing with the iPhone 12 as well. The company removed the power brick from the Apple Watch Series 6 and Apple Watch SE already, so the iPhone would be the next step.
If both rumors turn out to be true, the iPhone 12 would only include a charging cable, which is also expected to now be a USB-C to Lightning cable instead of USB-A to Lightning. Apple has already started shipping such a cable with the iPhone 11 Pro models as the charging brick included with those phones is USB-C.