Apple CEO Tim Cook will bring home Huge bonus After ten years of work, from the most valuable company in the world. In a regulatory filing on Thursday, it was revealed that Cook will receive a bonus of US$750 million after acquiring and selling more than 5 million shares of the company.
According to the document, one of Apple’s motivations for awarding the bonus to Cook is related to the company’s performance over the past three years, especially because it is one of the best performing companies in the S&P 500 Index. From August 2018 to 2021, under Cook’s leadership, Apple created nearly 192% shareholder returns.Since Cook began his tenure on August 24, 2011, Apple’s share price Up 1,200%, Boosted by iPhone sales and other smart devices.
Apple became the world’s first trillion-dollar company in 2018, and now its market value has reached 2.4 trillion US dollars. According to CNN, Apple’s stock price has risen about 11% this year.
Despite receiving huge bonuses this week, the 60-year-old Cook just became Billionaire His net worth last year was US$1.5 billion. According to the BBC report, last year, Cook agreed to a new salary package, which will last until the end of 2026, and announced that he will donate a portion of his wealth during his lifetime.
Apple’s filing with the US Securities and Exchange Commission also shows that Cook has donated 70,000 Apple shares worth 10 million U.S. dollars to charity. The name of the charity is not listed, but the Apple CEO is known for donating to causes related to human rights, fighting AIDS/HIV, and climate change.
Cook has worked at IBM and Compaq before joining Apple in 1998. After the company’s co-founder Steve Jobs stepped down, he held a senior position before becoming CEO in 2011.
Photo: Apple/Brooks Kraft
