CNBC said on the 27th (local time) that Apple CEO Tim Cook received more than 5 million shares as a bonus on his 10th year in the company.
It is heard that CEO Cook’s bonus shares worth $750 million as he sold it. Cook received a salary package that includes stock options when he replaced Steve Jobs as Apple CEO in 2011.
In particular, CEO Cook’s stock options are determined by how Apple’s stock price performed compared to other S&P 500 companies.
CEO Cook has been raising stock prices by improving corporate performance. Over the past 10 years, Apple’s stock price has risen by more than 1,200% to $2.46 trillion market capitalization today. In addition, the total shareholder return, which combines dividend income with stock valuation gains, was 191.83 percent, ranking 13th out of 442 companies.
Cook is returning a large portion of his wealth to society. According to a document submitted to the SEC, Cook donated nearly $10 million worth of Apple shares to a charity that had not been named.
Cook said he would give up all of his assets before he died in 2015. According to the Bloomberg Billionaires Index, Cook’s asset value is estimated at $1.5 billion.
