Tim Cook Donates Almost $5M Worth of Apple Shares to Charity

[MacRumors]

Apple CEO Tim Cook recently donated 23,215 shares of Apple stock to charity, according to a filing with the U.S. Securities and Exchange Commission released today. At the stock's current closing price of $215.04, Cook's donation is worth close to $5 million.

The SEC filing does not disclose the charity that Cook donated the shares to, as executives are not required to divulge that information.

In the past, Cook has said that he plans to give away all his wealth. In a 2015 Fortune interview, for example, Cook said that he had already begun donating money quietly, but that he had plans to develop a "systematic approach to philanthropy."

Following the charitable donation, Cook continues to own 878,425 shares of Apple stock, worth almost $189 million.

Article Link: Tim Cook Donates Almost $5M Worth of Apple Shares to Charity

 

[OldSchoolMacGuy]

That was nice of him.

Before complaining, I'm sure people will also include how many million they donated recently.

 

[newyorksole]

Is Cook’s salary $1/year?

Or was that Jobs? I forget.

 

[Carnegie]

Is Cook’s salary $1/year?

Or was that Jobs? I forget.

Mr. Jobs’ cash salary was only $1 a year, but he was highly compensated as Apple’s CEO. He received more than $600 million worth of Apple stock (minus tax wothholding) as compensation for being Apple’s CEO.

 

[vipergts2207]

The Bill Gates philosophy. Nice.

 

[bommai]

And warren Buffet’s.

 

[69Mustang]

Is Cook’s salary $1/year?

Or was that Jobs? I forget.

It was Jobs. It was also primarily symbolic and largely irrelevant. When you own as much stock as he did, the significance of a salary isn't that great. Evidence of it's irrelevancy lies in the fact that Zuck at Facebook did the same thing.

 

[saudade]

Cook’s salary $1/year

What?! Just 1 buck a year 4 all the work? How can he pay things like beer or gas? Is his wife working too to help bringing some bacon home or what? Just 1 ben a year? I always thought he was super mega rich. Surprised.

 

[iLilana]

maybe Tim should make an easily accessible and affordable computer...for charity.

 

[edenwaith]

I believe the keystone of Tim Cook and Apple under his leadership is that of a much more empathetic and compassionate than that during the time of Jobs. We fondly look back through nostalgic glasses when Jobs was the CEO, and where he succeeded as a businessman, he often fell short as a human who could empathize and relate to other people.

 

[code-m]

maybe Tim should make an easily accessible and affordable computer...for charity.

He did it is called the iPhone X. /s I kid, I kid it is the iPad 2018 model.

 

[omihek]

maybe Tim should make an easily accessible and affordable computer...for charity.

It's called the Mac Mini. It's been available since 2014.

 

[RickInHouston]

That's something Jobs never did!

 

[iLilana]

It's called the Mac Mini. It's been available since 2014.

I seem to recall it got locked down and sealed after it became popular.

 

[Kaibelf]

That was nice of him.

Before complaining, I'm sure people will also include how many million they donated recently.

Millions? Try dollars. They will complain all day but never set foot into a shelter or spend five minutes helping someone write a resume. Ever. They will also claim to be very charitable because they threw old clothes in a bag and dropped it at a thrift shop instead of a dumpster.

 

[DeepIn2U]

That was nice of him.

Before complaining, I'm sure people will also include how many million they donated recently.

Lol.

Tax bracket/heaven. Tax deduction. Curious how often he does this?

Sure he’s stated he’d give away all his wealth - but how much does he need to sustain living comfortably without worry and for his family when and if he hoses to have one of his own - or if he already does.

Why wait this long thus far? Why not donate systematically already? He’s got plenty of travel time and hangs with the Gates’ and many others to know exactly where it’ll benefit the most needful.

That’s my take on all this: tax break, tax bracket haven. Until such time he does this systematic donation.

 

[BWhaler]

Well done Tim. Leading by example.

 

[WarHeadz]

Tim Cook is a good CEO. Most of the things he gets criticized for, Steve Jobs would do the same thing.

 

[Christian 5G]

He's gotta do some write-offs!

 

[MikeWard1701]

What?! Just 1 buck a year 4 all the work? How can he pay things like beer or gas? Is his wife working too to help bringing some bacon home or what? Just 1 ben a year? I always thought he was super mega rich. Surprised.

Tim Cook owns 878,425 shares of Apple stock. Last quarter Apple paid a cash dividend of $0.73 per share. This netted Tim $641,250.25!

So I’m guessing he’s OK for money.

As for a wife, Tim is openly gay but has not talked about any romantic relationships.

 

[Kaibelf]

Lol.

Tax bracket/heaven. Tax deduction. Curious how often he does this?

Sure he’s stated he’d give away all his wealth - but how much does he need to sustain living comfortably without worry and for his family when and if he hoses to have one of his own - or if he already does.

Why wait this long thus far? Why not donate systematically already? He’s got plenty of travel time and hangs with the Gates’ and many others to know exactly where it’ll benefit the most needful.

That’s my take on all this: tax break, tax bracket haven. Until such time he does this systematic donation.

You sure do have a lot of questions about someone else’s money and what they choose to do with it, when and why. How often do you give? How much? What percentage of your net income is that? Why not more? Why not earlier? What’s in your will and why are certain people your beneficiaries? What is your credit score and why?

 

[intz2nu]

That was nice of him.

Before complaining, I'm sure people will also include how many million they donated recently.

Gimme just half of what he has to his name and I'll donate 3x the amount he donated without even thinking much about it.

 

[Gasu E.]

Gimme just half of what he has to his name and I'll donate 3x the amount he donated without even thinking much about it.

Cheapskate. Give ME a third of what he makes and I will donate 90% of that. And I won't think about it at all.

 

[rafark]

That was nice of him.

Before complaining, I'm sure people will also include how many million they donated recently.

That's irrelevant. If we compare it to the % of earnings it's not much different to what non-millionare people have donated.

 

[MarkB786]

Sounds nice. But which charities? 'Charities' is defined by the tax code. Could be 'feed the children' or 'save the six-legged mongoose in Minnehaha County, South Dakota.' Makes a difference.