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Friday, September 24, 2021

Apple boss Tim Cook receives a huge bonus. He paid himself as much as $ 750 million

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Apple CEO Tim Cook received over five million shares in this Californian concern. Most of them cashed immediately, receiving as much as $ 750 million. A huge bonus for the boss of one of the largest corporations in the world is the result of an agreement concluded years ago.

The transfer of such a large stake is part of the deal Tim Cook entered into when he took over as Apple CEO from Stevie Jobs. It assumed the award of the award to the company’s CEO, depending on how the company will position itself in comparison with other companies listed in the S&P 500 stock index.

Apple shares up high

Considering Apple’s filing with the US Securities and Exchange Commission (SEC), Timothy Cook has definitely earned an award. The company’s share price increased by as much as 191.83 percent. only in the last three years.

Since Cook became the CEO of the concern, the share price has increased by 1,200 percent. He has been holding his position since 2011. The market valuation of companies selling iPhones, iPads and MacBooks is currently $ 2.5 trillion.

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Earlier this week, Cook donated $ 10 million worth of Apple shares to charity.

In 2015, he declared that he would donate his entire fortune to those in need before he died. According to the Bloomberg Billionaire’s Index, his wealth is currently around $ 1.5 billion.


Main photo source: John Gress Media Inc / Shutterstock.com

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