Apple CEO Tim Cook attends Apple's "Ted Lasso" play 2 premiere lawsuit reddish carpet astatine the Pacific Design Center, successful West Hollywood, California, July 15, 2021.
Apple main enforcement Tim Cook has received a bonus of immoderate $750 million, reflecting his show astatine the US exertion elephantine successful his 10 years astatine the helm, a regulatory filing showed.
The Thursday filing with the Securities and Exchange Commission showed Cook's bonus was granted successful immoderate 5 cardinal Apple shares, which were subsequently cashed out.
The bonus reflects a banal enactment program implemented successful 2011 erstwhile Cook took implicit arsenic CEO from Steve Jobs soon earlier the Apple co-founder's death.
Since then, Apple's market value has skyrocketed and the California giant's worthy is estimated astatine much than $2.4 trillion.
The banal grant included 1.1 cardinal shares granted based connected Apple's show and 3.9 cardinal time-based stock awards, each of which were vested this month.
Cook inactive owns immoderate 3.2 cardinal Apple shares worthy $483 cardinal astatine today's value.
His net worth is estimated by Forbes mag astatine immoderate $1.4 billion, good beneath that of different Silicon Valley tech leaders.
The Alabama autochthonal held a assortment of jobs astatine Apple earlier taking implicit from Jobs arsenic CEO.
Under his leadership, the iPhone shaper expanded into caller areas of integer contented and subscriptions to diversify its gross stream.
© 2021 AFP
Citation: Apple's Tim Cook gets $750mn bonus payout (2021, August 27) retrieved 27 August 2021 from https://techxplore.com/news/2021-08-apple-tim-cook-750mn-bonus.html
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