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
36 months ago
That is such a good image choice, @samifathi ?

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
36 months ago
That’s a grotesque amount of money for one person to have.
Score: 45 Votes (Like | Disagree)
benshive Avatar
36 months 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
36 months ago
time for him to go.
Score: 29 Votes (Like | Disagree)
zapm Avatar
36 months 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
36 months 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)

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