Business Pants
Business Pants
Free Float Media Inc.
Tim Cook’s old new job, light socket crypto, permadirectors at Enphase, and 13G nanny state
56 minutes Posted Sep 11, 2026 at 7:45 pm.
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Story of the Week (DR):
Tim Cook Could Still Out-Earn Apple's New CEO John Ternus Under a Special Pay Arrangement
Apple set John Ternus's fiscal 2027 salary at $3M and his annual equity award at $55M, giving him a calculated fiscal 2027 salary-and-equity package of $58M.
Cook will receive a $2M salary and a $45M annual equity award as executive chair, giving him a calculated salary-and-equity package of $47M.
Almost all of the value in both packages comes through Apple shares rather than salary. Ternus has 75% of his equity award tied to performance, while Cook has 50% tied to performance.
That structure gives Ternus greater exposure to performance, for better or worse. If Apple performs strongly against other S&P 500 companies, Ternus could receive more from his equity award. If the performance-based awards pay little or nothing, Cook could receive more from salary and equity even though he is no longer CEO. Cook also has a retirement provision that Ternus does not have.
Volkswagen Supervisory Board Approves Plan To Slash Models & Reduce Workforce By 100,000
In June, Volkswagen Group CEO Oliver Blume had a plan to close four factories in Germany and eliminate 100,000 workers, both in Germany and around the world, by 2030. It said the plan would be made public at a company board meeting on July 9.
July 9 came and went, and the plan did not get the approval from the board of directors that Blume expected. The vote was 12 against and only 7 in favor of Blume’s vision.
Then, on September 3, 2026, Volkswagen Group announced that the plan submitted in June had been approved unanimously by the supervisory board.
CEO Oliver Blume: “The Supervisory Board has unanimously approved the Executive Board’s Future Plan presented today. This is a strong sign for the future of the Volkswagen Group. We are taking responsibility for our entire team, for our partners and for industrial jobs worldwide.”
CEOs in pop culture
The new trailer for the OpenAI movie imagines what Sam Altman's stash of guns and gold looks like
Starring Spiderman/Andrew Garfield
Elizabeth Holmes' Secret Documentary Revealed After She Invited a Film Crew 34 Days Before Prison
Theranos founder Elizabeth Holmes is the subject of A24 documentary 'You Can See Everything' directed by satirist Nathan Fielder and Lance Oppenheim
Elizabeth Holmes' greatest invention: 'Elizabeth Holmes'
Elon Musk's Worst Nightmare Just Dropped: Explosive Teaser Takes Aim at the Billionaire
Alex Gibney: Enron: The Smartest Guys in the Room
The 48-second teaser for Musk begins by portraying the billionaire as a visionary, with voices describing him as 'possibly the greatest living inventor' and the 'real-life Iron Man'. Then the tone turns vicious. The praise gives way to descriptions including 'chaotic', 'cruel and selfish ', and 'fascist', before the teaser promises an 'unflinching look at Earth's most unchecked man'. It ends with a spacecraft crashing and exploding as a voice declares, 'Elon is a nuke'.
Yet another week of AI warnings: MM
The AI warnings are coming from inside the lab
Anthropic Wants Governments to Stop 'Catastrophic' AI Models Before They Are Deployed
OpenAI Chief Scientist Warns AI Is Beating Humans at Key Tasks: 'No One Is Prepared'
OpenAI's chief scientist warned AI labs aren't ready to keep scaling safely
AI researcher claims he resigned from Anthropic over threat to the human race. His post is going viral
An Anthropic researcher just quit, saying OpenAI and Anthropic are 'gambling with our lives’
Scoop: Anthropic whistleblower gave up his equity to leave the company
Anthropic researcher says AI has more than 10% chance of 'killing all humans' after colleague quits
OpenAI's rogue AI agents were secretly spreading across far more websites than disclosed
OpenAI's new safety hire says losing control of AI would be 'catastrophic' and that 'most people could die'
CrowdStrike’s CEO says AI agents can hack like nation-states. Can his company stop them?
OpenAI Researcher Claims