Tim Cook gets $750 million bonus on 10th anniversary as Apple CEO


The transactions had been revealed in a regulatory filing Thursday, which confirmed that Cook had acquired and bought greater than 5 million shares of the iPhone maker.

As head of the world’s most beneficial firm, Cook has obtained lofty inventory awards lately.

One of the incentives was tied to Apple’s efficiency within the S&P 500 over the previous three years. The inventory award was triggered this week as a result of the agency was one of many index’s prime performers, producing shareholder returns of almost 192% from August 2018 to 2021, it mentioned in a submitting.

Apple (AAPL) is the world’s most beneficial firm, with a market cap of $2.4 trillion. Its inventory is up about 11% to this point this 12 months.
How Tim Cook has grown the Apple empire in his decade as CEO
Cook’s windfall got here simply days after he additionally donated 70,000 Apple shares (price about $10 million) to charity, in accordance with a separate regulatory filing Tuesday. It didn’t disclose the title of the recipient.
The chief government formally became a billionaire final 12 months, and was final estimated to be price about $1.5 billion, in accordance with the Bloomberg Billionaires index.
Cook joined Apple in 1998 and served in a wide range of senior roles earlier than assuming his present place, together with chief working officer and government vp of worldwide gross sales and operations. He was named CEO in August 2011, after co-founder Steve Jobs famously stepped down. Jobs died weeks later from problems of pancreatic most cancers.
Prior to becoming a member of Apple, Cook labored at Compaq and IBM (IBM).

In 2014, Cook made historical past for turning into the primary Fortune 500 CEO to come back out as homosexual. The following 12 months, he pledged to donate most of his wealth to charity.

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