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Days after celebrating his tenth anniversary at Apple's helm, Tim Cook is poised to receive a whopping $750 million of Apple's stock this week as the final installment of his pay deal with Apple, put in place over a decade ago when he took over the company, Bloomberg reports.

tim-cook-celebrates-clean.jpg

The installment will consist of 5 million shares of Apple's stock, equating to be around worth $750 million, according to Bloomberg. Last year, Cook received restricted stock units worth up to $114 million, ensuring he'll remain CEO until at least 2025.

Cook, aged 60, has a net worth of roughly $1.5 billion according to Bloomberg's Billionaires Index. Though a billionaire, Cook's compensation for 2020 was among the most modest compared to other high-paid tech CEOs. In 2020, Cook received $14.7 million, according to SEC filings.

The CEO has said in the past he donates a portion of his salary and compensation to charitable organizations and plans to give most of his wealth away.

Article Link: Tim Cook to Receive $750 Million Worth of Apple's Stock This Week
 
Last edited:

Freeangel1

macrumors 6502a
Jan 13, 2020
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RIP OFF!
Steve Jobs worked for a whole lot less and ran the company so much better.
Steve Jobs was reported to be taking as little as $1 a year salary. He was compensated in Stock.




When Jobs sold NeXT to Apple in 1997, he received 1.5 million Apple shares. But he sold them to protest the company's appointment of Gil Amelio as CEO only a few months later. Plus, from 1997 to 2011, Jobs made an annual salary of just $1 at Apple.
 
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