Apple CEO Tim Cook to Get $750 Million Payout This Week

Apple CEO Tim Cook to Get $750 Million Payout This Week

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Apple CEO Tim Cook is set to receive a $750 million stock award this week. The payout is the final part of a deal struck a decade ago when Cook took over for Steve Jobs.

The haul consists of about 5 million shares worth roughly $750 million, according to calculations by Bloomberg News. Part of the payout is contingent on Apple’s stock return over the past three years surpassing at least two-thirds of companies in the S&P 500 -- a threshold the iPhone maker cleared by a wide margin.

Cook currently has a net worth of about $1.5 billion. Under his watch, Apple's revenue has over doubled and the company's market value has surpassed $2 trillion.

Back in 2015, Cook announced that he would give most of his fortune away.

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Apple CEO Tim Cook to Get $750 Million Payout This Week

1reader - August 27, 2021 at 3:58pm
Yeah right… he will give it away… he barely paid when disaster happened around the country made him rich. He is sick for money like Jeff B, M Zuckerberg or B Gates. Never enough for this guys.
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