Tim Cook to Receive $750 Million Worth of Apple's Stock This Week

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
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.

Top Rated Comments

AngerDanger Avatar
5 weeks ago
That is such a good image choice, [USER=1258704]@samifathi[/USER] ?

The way his shirt blends in with the background makes him look like he's supposed be chroma keyed, though.



Attachment Image
Score: 77 Votes (Like | Disagree)
Gwea22 Avatar
5 weeks ago
That’s a grotesque amount of money for one person to have.
Score: 45 Votes (Like | Disagree)
benshive Avatar
5 weeks ago

Well deserved.
I support Cook as CEO but I have to disagree. I don't think paying one man such an insane sum of money is ever deserved. I'm glad he plans to give most away though. He's certainly doing much better than other wealthy CEOs in that regard.
Score: 44 Votes (Like | Disagree)
scottinlexky Avatar
5 weeks ago
time for him to go.
Score: 29 Votes (Like | Disagree)
zapm Avatar
5 weeks ago

Steve Jobs was reported to be taking as little as $1 a year salary. He was compensated in Stock.



Did you even read the title of the article?
Score: 27 Votes (Like | Disagree)
Braderunner Avatar
5 weeks ago

Wow! Well deserved! Good job Tim. But can we please get a new CEO now.
Make up your mind! If it’s well deserved…he’s doing a great job. If he should be replaced…then, he’s not doing a good job.
Score: 26 Votes (Like | Disagree)

Top Stories

timcooktulane

Apple CEO Tim Cook Earned $14.8 Million in 2020, Not Counting Stock Awards

Tuesday January 5, 2021 2:19 pm PST by
Apple CEO Tim Cook earned more than $14 million in salary in 2020 according to the 2020 proxy statement that Apple filed with the SEC this afternoon. Cook earned a base salary of $3,000,000 in addition to $10,731,000 in incentives awarded for performance. Apple's performance exceeded the target performance goals for net sales and operating income, leading to a total payout of 179 percent of...
tim cook fastco

Today Marks 10 Years Since Tim Cook Became Apple's CEO

Tuesday August 24, 2021 6:24 am PDT by
On this day ten years ago, Steve Jobs resigned as CEO of the company he built and officially named Tim Cook as Apple's new head. Two months later, Steve Jobs passed away and the future of Apple lay solely on the shoulders of Tim Cook. Tim Cook took over Apple at a turbulent time when Jobs was battling pancreatic cancer and the company's future seemed uncertain. Questions were widespread...
timcooktulane

Apple CEO Tim Cook Makes TIME's List of 100 Most Influential People of 2021

Wednesday September 15, 2021 10:20 am PDT by
Apple CEO Tim Cook is one of the 100 Most Influential People of 2021 according to TIME's newly published rankings. TIME shares an annual list highlighting world leaders, celebrities, tech company executives, authors, musicians, athletes, and more, and this is not the first time Cook has been celebrated. This year's list is broken up into categories that include Icons, Pioneers, Titans,...
apple encircle provo location

Apple CEO Tim Cook to Attend Fundraising Dinner Benefiting LGBTQ+ Youth

Thursday September 23, 2021 12:25 pm PDT by
Apple CEO Tim Cook, Utah Jazz owners Ryan and Ashley Smith, and Imagine Dragons lead singer Dan Reynolds and his wife recording artist Aja Volkman are set to headline a fundraising dinner on October 13 that will benefit LGBTQ+ youth services non-profit Encircle. Encircle provides mental health services for LGBTQ+ youth and their families. Back in February, Encircle launched a "$8 Million, 8...
Tim Cook Feature Yellow

Apple CEO Tim Cook Now the Eighth Highest-Paid Executive in the U.S.

Wednesday August 4, 2021 7:53 am PDT by
Apple CEO Tim Cook has fallen to eighth place on a list of the highest-paid CEOs and executives in the United States last year despite earning more than the previous year, according to Bloomberg. Cook was paid $265 million in 2020, mainly comprising stock awards and a bonus as in previous years, making him the eighth highest-paid executive in the United States. Last year, Cook was paid...
REC ASA CODE2016 20160601 205816 2745

Elon Musk Reportedly Demanded to Become Apple CEO as Part of Potential Tesla Acquisition [Update: Musk Denies]

Friday July 30, 2021 9:04 am PDT by
Tesla CEO Elon Musk reportedly once demanded that he be made Apple CEO in a brief discussion of a potential acquisition with Apple's current CEO, Tim Cook. The claim comes in a new book titled "Power Play: Tesla, Elon Musk and the Bet of the Century," as reviewed by The Los Angeles Times. According to the book, during a 2016 phone call between Musk and Cook that touched on the possibility of ...
tim cook toronto star

Tim Cook's Compensation Was Comparatively Modest Among Highest-Paid CEOs of 2020

Tuesday June 1, 2021 5:39 am PDT by
Apple CEO Tim Cook's 14 million dollar pay in 2020 was relatively modest, compared to other S&P 500 CEOs, according to the Wall Street Journal. In its annual ranking of CEO pay and compensation, the Wall Street Journal revealed that Tim Cook earned $14,769,259 last year, which is only slightly more than the median $13.4 million pay across the Standard and Poor's 500 (S&P 500) index. The Wall ...
tim cook afr cover interview

Tim Cook Talks Privacy, User Trust, Morning Routine, and More in Financial Review Interview

Friday August 20, 2021 2:07 am PDT by
In a long and extensive interview with the Australian Financial Review, Apple CEO Tim Cook discussed many topics, from Apple's core values on privacy, the importance of user trust, his morning routine, App Store regulation, and more. The interview, conducted in July, is in celebration of the Financial Review's 70th anniversary. Cook begins the interview by sharing his morning routine, noting ...
hurricane ida

Apple to Donate to Hurricane Ida Relief and Recovery Efforts

Monday August 30, 2021 7:40 am PDT by
Apple will be donating to Hurricane Ida relief and recovery efforts on the ground after the devastating category four storm made landfall in Louisiana over the weekend, according to a tweet from Apple CEO Tim Cook. "Our thoughts are with everyone in Hurricane Ida's path, especially those sheltering in Louisiana, and we're grateful for the first responders who are helping keep communities...
tim cook apple car

Analyst Discusses Apple Car's Key to Success, Says Steve Jobs Would Be Proud of Tim Cook's Legacy

Tuesday August 31, 2021 6:52 am PDT by
In the latest episode of the Apollo Effect podcast series, Morgan Stanley analyst Katy Huberty discussed the potential for a so-called "Apple Car" to disrupt the auto industry through vertical integration of hardware, software, and services. Huberty also praised Apple CEO Tim Cook, noting that the late Steve Jobs would have been proud. A fan-made image of Tim Cook announcing an Apple Car via ...