HomeAppleTim Cook about to get $750 million Apple stock payday | AppleInsider

    Tim Cook about to get $750 million Apple stock payday | AppleInsider


    After taking over from Steve Jobs, Apple CEO Tim Cook was promised ten award payments over the course of his tenure, with this $750 million being the final one.

    Approximately 5 million shares worth about $750 million are being paid to Tim Cook as a final portion of his CEO stock deal. However, Cook notoriously donates much of his wealth and will likely do the same with this latest payment.

    A report from Bloomberg says the payout is contingent on Apple’s stock return over the past three years. It had to surpass at least two-thirds of companies in the S&P 500, a threshold Apple cleared by a wide margin.

    Tim Cook is 60 years old and in his tenth year as CEO of Apple. He expects to continue running the company for some time, however doesn’t see himself doing it for another ten year span.

    During Cook’s tenure, Apple’s revenue doubled with shares returning more than 1,100%. The company is worth over $2 trillion and shares have increased by 12% in 2021 alone.


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    Md Kashif Ali
    Md Kashif Ali
    Hey Guys Its Kashif, Founder of Tech Fire. I spend most of my free time creating content for my YouTube channel and this website. I started my YouTube channel at age 15 and my goal was to teach people what they can do with their gadgets.


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