Personnel Department boss Tim Cook Received a windfall of US$750 million (£500 million) in stocks, which is the latest evidence that wealth During the pandemic, 10 of America’s wealthiest CEOs flourished.
The stock award was part of an agreement reached last year that allowed him to work in the iPhone giant’s tenure until 2026, and since his success, Apple’s stock price has risen by 1,200%. Steve Jobs in 2011.
His total wealth is US$1.5 billion Bloomberg, This is only a small part of the accumulation of other technology giants.
According to Forbes, the wealth of American billionaires during Covid surged by two-thirds, reaching $1.8 trillion, usually because the market value of the technology companies they founded soared.
The blockade and large-scale economic closure have made tech giants vital to many people.
The political left in the United States has called for windfall taxes on these wealth to help pay for Covid relief programs and broader government spending.
Even those who disagree with this sentiment worry about rising wealth inequality and the power held by a few surprisingly rich people.
Cook acquired 5 million shares of Apple stock, about when he was 10 years oldday First anniversary as CEO.
According to documents submitted to the US Securities and Exchange Commission, he has just sold most of them, which also shows that he donated $10 million to an unnamed charity.
Cook has stated that he intends to donate most of his fortune before his death, and billionaires Warren Buffett and Bill Gates have also promised this.
When Cook first became CEO, many observers doubted whether he could continue Apple’s extraordinary performance. Instead, he dominates new markets such as China, and helps companies develop new products and win new fans.
Cook also oversaw more than 100 Apple acquisitions and the development of a movie studio.
According to Forbes data, from March 2020 to August 2021, the number of billionaires in the United States rose from 614 to 708, and in 1990 there were fewer than 70.
It is estimated that there are 171 billionaires in the UK, the richest of which is Sir Len Blavatnik, a Ukrainian-born energy and aluminum tycoon with 23 billion pounds. Real estate giants David and Simon Ruben ranked second with 21 billion pounds.
Yesterday there was news that the incoming CEO of Mike Ashley’s Fraser Group (Sports Direct’s holding company) may receive 100 million pounds.
The 31-year-old Michael Murray must meet some exorbitant stock price targets to win the award, but this amount may trigger new complaints from members of Congress and the public about executive compensation.
