Sprint Advises Employees 'Not to Talk' About iPhone 5 - CEO Tim Cook Gets $384 Million Bonus

Sprint is currently working on iPhone 5 with Apple. But when you ask a Sprint employee, you just might get a different answer, or no answer at all. The SprintFeed have reportedly obtained a Sprint internal memo instructing its retail employes to say "no comment" if customers ask about a possible Sprint iPhone."The memo advises […]

Sprint is currently working on iPhone 5 with Apple. But when you ask a Sprint employee, you just might get a different answer, or no answer at all.

The SprintFeed have reportedly obtained a Sprint internal memo instructing its retail employes to say "no comment" if customers ask about a possible Sprint iPhone.

"The memo advises employees not to speculate about Sprint getting the iPhone and even suggests the classic "no comment" response to external questioning. Employees are allowed to acknowledge the Wall Street Journal's reports and if push comes to shove, they can direct customers to Sprint's newsroom site."

A next-generation iPhone is expected to be in stores this fall.

In a news related to Apple, Apples' new CEO Tim Cook, has been given a million shares of the company stock that vest over the next 10 years worth an estimated $384 million.

The Cupertino, Calif.-based company disclosed the award in a regulatory filing after CEO Steve Jobs announced he was handing the job over to the former chief operating officer.

Half of the shares vest on the five-year anniversary date of Cook being named CEO; the other half vest on his 10-year anniversary date. Both are dependent on him still being employed with Apple on those dates.

The award is the second-largest in U.S. corporate history, according to pay and benefits consultant Equilar. Jobs is No. 1 in that regard, with a $600 million grant made 11 years ago.

Jobs received a $1 annual salary, tying his compensation to the value of Apple stock. The company's value has risen from $2.1 billion when he started to $349 billion as of Friday's closing price, up 9,020 percent.

In the most recent fiscal year, Cook's annual salary as COO was $800,000, and he got a bonus of $900,000. He was also given a special award of $5 million in cash and 75,000 shares of stock for "outstanding performance" as acting CEO when Jobs was out on medical leave in 2009. Cook's total 2010 compensation was valued at about $59 million.