megagrants-granting huge bundles of options to buy Apple stock at a preset price-that were not subject to the usual good compensation practices of board committee reviews and performance criteria. When he dropped the "interim" in his title and officially became CEO, he was
In Walter Isaacson's biography of Steve Jobs, the author discusses the controversial granting of megagrants, which provided large amounts of stock options for purchasing Apple shares at predetermined prices. These options were allocated without the standard practices of board committee oversight and performance evaluations, raising concerns about governance and compensation ethics.
Upon being officially named CEO of Apple, Steve Jobs removed the "interim" label from his title, solidifying his role in the company. This transition marked a significant moment in his leadership, where he began to implement his vision for Apple's future, despite the challenges surrounding the company’s compensation policies for executives.
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All the things you can talk about in anyone's work are the things that are least important.
Race of Cain, ascend to heaven, And cast God down upon the earth!
