Tim Cook's salary
Apple CEO Tim Cook was paid a cash salary of $900,000 in 2011, but he was also awarded a one-time stock package that will vest over 10 years. As of April 6, Cook’s stock was worth roughly $634 million.
Article continues belowThe Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A new record for Broadway
The Lion King has dethroned The Phantom of the Opera to become Broadway’s all-time highest grossing show. Cumulative box-office receipts for the Disney megahit are now $853.8 million to Phantom’s $853.1 million. The Lion King’s pricier tickets and bigger theater pushed it past the longest-running show on Broadway, despite opening nearly 10 years after Phantom’s 1988 debut.
Associated Press
Households increase wireless usage
Nearly 32 percent of U.S. households are now served exclusively by cellphones, double the percentage from 2008. Yet 47 percent of AT&T’s revenue last year, and 37 percent of Verizon’s, was generated by services to landlines.
CNNMoney.com
Low repurchase rate among hybrid car owners
Hybrid car owners appear to be a fickle bunch. Only 35 percent of them chose to buy another hybrid model when they returned to dealerships last year, according to R.L. Polk & Co., an automotive consulting firm. If loyal Toyota Prius buyers are factored out, the repurchase rate falls below 25 percent.
Los Angeles Times
A new owner for Buford
The town of Buford, Wyo., population 1, was sold to an unidentified Vietnamese businessman last week for $900,000. Don Sammons, the town’s owner since 1992 and sole resident since 2006, said he auctioned off the 10-plus acres, including a convenience store and gas station, to see what “other adventures I have in store.”
Reuters.com