Cook given 1 million share bonus as new Apple CEO

Following this week's management change at the very top of Apple, the company's board has awarded new Chief Executive Officer Tim Cook with a hefty bonus.

As noted by AllThingsD, that puts the value of the bonus at $383 million based on today's closing stock price, which was up $9.86 or 2.64 percent at the end of trading. By comparison, Cook's salary for last year was $800,000 along with a $5 million bonus and $52 million worth of company stock.