Tim Cook

Tim Cook is the CEO of Apple, having taken over the company in 2011 after Apple co-founder Steve Jobs fell ill with cancer. Prior to taking on the role of CEO, Cook, who joined Apple in 1998, served as Apple's SVP of Operations and Chief Operating Officer.

As Chief Operating Officer, Tim Cook managed worldwide operations, maintained reseller relationships, and kept a close eye on the company's supply chain, helping lead Apple to profitability.

Cook was a close friend and confidant of Steve Jobs, and he has kept Jobs' legacy alive by continuing to spur the company towards greater growth. Under Cook's reign, Apple has taken a strong stance on social issues, environmental protection, supply chain responsibility, and privacy rights.

Cook has overseen the development and launch of major products like the iPhone X, the Apple TV 4K, the iPad Pro, the Retina MacBook, and the revamped MacBook Pro. Apple is branching out under his leadership, exploring new avenues of innovation in areas like automobiles and augmented reality.

'Tim Cook' Articles

Apple Celebrates Holiday Spirit With Live Performance of 'Frozen' Soundtrack 'Let It Go' by Idina Menzel

Apple celebrated the holiday season today with a live performance by award-winning singer Idina Menzel, who sang a handful of songs from the Disney animated film Frozen, including the soundtrack Let It Go. A big thank-you from our Apple family to the phenomenally talented @idinamenzel. Your voice is a gift — thank you for sharing it with us. What a wonderful way to celebrate the holidays! ☃️ pic.twitter.com/nc9SOpVmMj— Tim Cook (@tim_cook) December 8, 2018 "A big thank-you from our Apple family to the phenomenally talented Idina Menzel," tweeted Apple CEO Tim Cook. "Your voice is a gift — thank you for sharing it with us. What a wonderful way to celebrate the holidays!" The concert took place at Apple's Infinite Loop campus in Cupertino, California during its recurring Beer Bash employee gathering today. Idina Menzel performing at Apple Infinite Loop via Elton Apple today also hosted its annual celebration of Toys for Tots, a program run by the United States Marine Corps Reserve, which distributes toys to children whose parents cannot afford to buy them gifts for Christmas. One of my favorite holiday traditions — our annual @ToysForTots_USA celebration. Thanks @USMC for your service to our country and for spreading holiday magic to children in need. pic.twitter.com/P7syRpP14v— Tim Cook (@tim_cook) December 8, 2018 Last year, Apple's holiday Beer Bash featured a live performance by singer Gwen Stefani. Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum.

Apple Watch Chief Jeff Williams Says ECG App is 'Huge Opportunity' to Empower People About Their Health

Apple today announced that its ECG app will be available on the Apple Watch Series 4 today as part of watchOS 5.1.2. Alongside that news, TIME has published a new interview with Apple's CEO Tim Cook and COO Jeff Williams. The article begins with a story about 46-year-old Texas resident Kevin Foley, who was having trouble breathing normally during a movie. Fortunately, since he was wearing an Apple Watch and participating in the recent Apple Heart Study, he was alerted to signs of an irregular heartbeat and went to the emergency room. At the hospital, doctors hooked Foley up to an ECG machine and found signs of atrial fibrillation, an irregular heartbeat that can lead to stroke and other potentially fatal complications. Foley spent the next few days in the hospital while doctors worked to return him to a normal sinus heart rhythm and is doing fine now. "Apple's largest contribution to mankind will be in improving people's health and well-being," Cook boldly proclaimed. "We have tens of millions of watches on people's wrists, and we have hundreds of millions of phones in people's pockets," said Williams. "There's a huge opportunity to empower people with more information about their health. So this is something we view as not only an opportunity, but a responsibility of ours." Williams also appeared on CBS This Morning today to talk about the ECG app. The YouTube video can only be streamed in the United States. The report says a traditional hospital ECG is often referred to as a "12-lead" machine, as its 10 different electrodes provide information on 12

Apple CEO Tim Cook on Hate Speech: 'You Have No Place on Our Platform'

Apple CEO Tim Cook this afternoon accepted the Anti-Defamation League's inaugural Courage Against Hate Award at the Never is Now Summit on Anti-Semitism and Hate, where he gave a keynote speech that had a strong message for those seeking to spread hate on Apple's platform. "We only have one message for those who seek to push hate, division, and violence, Cook said. "You have no place on our platform. You have no home here." Cook went on to say that this is a longtime view of Apple's, and he pointed out the company's removal of Infowars content earlier this year. Apple, he said, is not afraid to say that its values drive its curation decisions.From the earliest days of iTunes to Apple Music today, we have always prohibited music with a message of white supremacy. Why? Because it's the right thing to do. And as we showed this year, we won't give a platform to violent conspiracy theorists on the App Store. Why? Because it's the right thing to do. My friends, if we can't be clear on moral questions like these, then we've got big problems. At Apple, we are not afraid to say that our values drive our curation decisions. And why should we be? Doing what's right, creating experiences free from violence and hate, experiences that empower creativity and new ideas is what our customers want us to do. Technology should be about human attention. It should be about optimism. And we believe the future should belong to those who use technology to build a better, more inclusive, and more hopeful world. After all, history is full of examples of what can happen when those

Tim Cook and Ivanka Trump Visiting Idaho School District Today

Apple CEO Tim Cook and Ivanka Trump, adviser to President Donald Trump, are visiting Idaho's Wilder School District together today to examine the district's use of technology in education, according to the Idaho Statesman. The visit is part of Ivanka Trump's ongoing workforce development and science, technology, engineering, and mathematics (STEM) education initiatives. Last year, the Trump administration reached out to Cook and other major technology, business, and education leaders for advice regarding STEM education in public schools. In 2016, Apple donated an iPad to every student, a Mac and iPad to every teacher, and an Apple TV to every classroom in the Wilder School District through its ConnectED initiative. Since 2014, Apple has pledged $100 million in technology solutions to 114 low-income or underserved schools across the United States. Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Tim Cook Discusses Apple's Google Search Engine Deal, User Privacy, and 'Inevitable' Tech Regulation

Apple CEO Tim Cook appeared on HBO on Sunday in a pre-recorded interview with Axios, in which he discussed several issues including Apple's relationship with Google and the need for privacy regulations in the technology sector. During the interview, which was conducted at Apple Park, Cook emphasized user privacy as a "core value" of Apple's that reaches way back to before smartphones had become a feature of people's daily lives. It's not that it fits in with what we do, it's that this is a core value of ours. If you look back over time, we were talking about privacy well before iPhone, so we've always believed that privacy was at the core of our civil liberties. This is not a matter of privacy versus profits or privacy versus technical innovation. That's a false choice. What we've done is, your device has incredible intelligence about you, but I don't have to have all of that as a company.Given Apple's policy on user data privacy, Cook was then asked by Axios reporters why he was comfortable taking billions of dollars from Google to make it Apple's default search engine. Cook responded to the question by highlighting the additional security and privacy measures that its Safari browser provides. I think [Google's] search engine is the best. Look at what we've done with the controls we've built in. We have private web browsing, we have intelligent tracker prevention. What we've tried to do is come up with ways to help our users through their course of the day. It's not a perfect thing – I'd be the first person to say that – but it goes a long way to helping.Google

Tim Cook: If Data Privacy Isn't Addressed, the Problem 'Gets So Large It May Be Impossible to Fix'

Apple CEO Tim Cook recently sat down for an interview with CNN, where he discussed privacy, the controversial Bloomberg story claiming Apple was hacked via tiny chips embedded in server motherboards, and why he opted to come out as gay. On privacy law, Cook said that while he's "not a pro regulation kind of person," there are instances when the free market doesn't work and it's necessary to "take an action." Privacy, says Cook, is one of the top issues of this century, and if we don't address it now, "the problem gets so large it may be impossible to fix. In this case, it's clear that the amount of things that can be collected about you, without your knowledge, maybe with your consent -- although it's a 70 page legal piece of paper -- isn't reasonable. And these things can be used for such nefarious things. We've seen examples of this over the last several years. We think it's time now to take this thing and put it under control.Cook went on to say that this is an issue that's much broader than the tech industry because there are many firms out there collecting data. Privacy law is "critical to every country in the world." According to Cook, his position is that the user should be completely in control of their data in a very transparent manner. "Your data is yours," said Cook. On the topic of Bloomberg, Cook once again called on the news site to retract its story suggesting the Chinese government planted microchips in the Supermicro servers that it used in its data centers.I want to be unequivocal on this. That article, the part about Apple, is 100 percent a

Tim Cook Calls for US Privacy Law to Protect Citizens From Growing 'Data Industrial Complex'

Apple CEO Tim Cook has called for a tough new U.S. data protection law to protect user privacy rights in the face of a growing "data industrial complex," in a passionately delivered speech in Europe. Cook argued for the law during a keynote speech given today at the 40th International Conference of Data Protection and Privacy Commissioners (ICDPPC), which is being held in Brussels. The following quotes were published by TechCrunch. Image via Getty "Our own information — from the everyday to the deeply personal — is being weaponized against us with military efficiency," warned Cook. "These scraps of data, each one harmless enough on its own, are carefully assembled, synthesized, traded and sold. "Taken to the extreme this process creates an enduring digital profile and lets companies know you better than you may know yourself. Your profile is a bunch of algorithms that serve up increasingly extreme content, pounding our harmless preferences into harm." "We shouldn't sugarcoat the consequences. This is surveillance," he added.Cook went on to commend the recently enacted European Union's General Data Protection Regulation (GDPR), which places stricter rules on how personal data is handled by businesses and organizations, and argued for a similar law in the U.S. – a call received with applause from the conference audience. "This year you've shown the world that good policy and political will can come together to protect the rights of everyone," he said. "It is time for the rest of the world, including my home country, to follow your lead. We in Apple are in full

Tim Cook Visits Europe Ahead of Brussels Privacy Conference

Later this week, Apple CEO Tim Cook is set to speak at the European Data Protection Conference in Brussels during the "Debating Ethics: Dignity and Respect in Data Driven Life" session. Ahead of the event on Wednesday, Cook is in Europe visiting app developers and filmmakers who work with the iPhone. Cook has been sharing his European adventures on Twitter. Cook visiting the developers behind Asana Rebel, a yoga app Cook started off the week in Berlin, where he met with developer Peter Kolski and took a look at mauAR, an upcoming augmented reality app that will display the Berlin Wall as it was prior to its demolition in the 1990s. Schön, wieder einmal in Berlin zu sein! Thank you @peterkolski and the mauAR team for bringing the Berlin Wall's history to life through augmented reality -- a new way to learn from the past. We are looking forward to seeing your app on the App Store! pic.twitter.com/NhwGUUgG2O— Tim Cook (@tim_cook) October 21, 2018 Cook went on to visit the Asana Rebel team, who have created an augmented reality yoga app available on the iOS App Store. Here's to the rebels! Thanks for the visit, @AsanaRebel, and for sharing your enthusiasm for yoga and wellbeing. 🧘‍♂️ We're thrilled when entrepreneurs like you use the App Store to turn their passion into a thriving global business. pic.twitter.com/G4FOR3HtNK— Tim Cook (@tim_cook) October 21, 2018 After that, he stopped off in Paris where he met with French filmmaker Claude Lelouch, who shot his upcoming movie on the iPhone. Bonjour Paris! 🇫🇷 Honored to meet legendary director Claude Lelouch

Apple CEO Tim Cook Calls on Bloomberg to Retract Supply Chain Hack Story: 'There's No Truth to This'

For the first time since Bloomberg published a highly controversial story suggesting Chinese spies planted microchips in Supermicro server motherboards Apple used in its iCloud facilities, Apple CEO Tim Cook has gone on the record to vehemently deny the claims. In an interview with BuzzFeed News, Cook said there is "no truth" to the story about Apple, before making the unprecedented move of calling on Bloomberg to publish a retraction. Since the report went live earlier this month, Apple has refuted Bloomberg's claims in multiple clearly worded statements denying such an incident ever took place. Apple maintains that the story is "completely untrue," malicious chips were never found in its servers, and there was never an FBI investigation into the incident. Bloomberg has continued to stand by its original report, which, based on info obtained from 17 unnamed sources, said that Apple, Amazon, and other tech companies had purchased and installed Supermicro servers that had been tampered with by the Chinese government. Small chips were allegedly implanted into server motherboards, allowing China to access corporate secrets and other information. Apple did have an issue with Supermicro servers that led to the company dropping Supermicro as a supplier, but the relationship ended after malware was discovered on a single server in an incident unrelated to Bloomberg's claims. According to Apple CEO Tim Cook, though he only spoke out publicly about the Bloomberg story this week, he's been involved in Apple's response "from the beginning.""I personally talked to the

Apple to Donate to Hurricane Michael Relief Efforts

Apple CEO Tim Cook tonight announced that Apple will be donating to recovery and relief efforts for those in the Gulf Coast region who are located in the path of Hurricane Michael. Image via The Weather Channel Hurricane Michael made landfall in Florida earlier today causing widespread devastation with winds up to 155 miles per hour. It is now making its way across Georgia and is expected to hit several states in the southeast, including Alabama, South Carolina, North Carolina, and Virginia. I grew up on the shores of the Gulf Coast, near Pensacola and Mobile, and that region holds a special place in my heart. That’s never been more true than now. To all those communities in the path of Hurricane Michael, you are in my prayers. Please stay safe.— Tim Cook (@tim_cook) October 11, 2018 When the hurricane hit Florida, it was classified as a Category 4 storm, the strongest to hit the continental United States since Hurricane Andrew. It has now weakened to a Category 1 storm, but has done serious damage and left hundreds of thousands without power. Apple is standing with our friends and neighbors in the Gulf Coast region, and will be donating to recovery and relief efforts.— Tim Cook (@tim_cook) October 11, 2018 Cook did not say how much Apple plans to donate, but for other recent hurricane disasters, the company has provided $1 million in aid

Tim Cook Tweets in Memory of Steve Jobs, Who Passed Away Seven Years Ago Today

Apple CEO Tim Cook has tweeted in memory of his former boss and mentor Steve Jobs, who passed away on October 5, 2011. Today marks the seventh anniversary of the Apple co-founder's death. He was 56 years old. "Steve showed me—and all of us—what it means to serve humanity," tweeted Cook, alongside a photo of Steve. Steve showed me—and all of us—what it means to serve humanity. We miss him, today and every day, and we’ll never forget the example he set for us. pic.twitter.com/fsdeOIl6LB— Tim Cook (@tim_cook) October 5, 2018 Here's what Cook said on the day of Steve's death:Apple has lost a visionary and creative genius, and the world has lost an amazing human being. Those of us who have been fortunate enough to know and work with Steve have lost a dear friend and an inspiring mentor. Steve leaves behind a company that only he could have built, and his spirit will forever be the foundation of Apple. […] No words can adequately express our sadness at Steve's death or our gratitude for the opportunity to work with him. We will honor his memory by dedicating ourselves to continuing the work he loved so much.We rounded up many other comments in our 2011 article for those who wish to look back, while Apple still has a Remembering Steve page on its website with condolences and memories from customers. Steve Jobs narrated this unaired version of Apple's famous Think Different ad in 1997: Steve Jobs' 2005 Stanford Commencement Speech, where he addresses his mortality: Lisa Brennan-Jobs, the eldest daughter of Steve, recently shed a less flattering light on her

Apple CEO Tim Cook to Speak at European Data Protection Conference in Brussels Later This Month

Apple CEO Tim Cook will be the keynote speaker at the 2018 International Conference of Data Protection and Privacy Commissioners, the European Data Protection Supervisor announced today. Cook will give the keynote speech at "Debating Ethics: Dignity and Respect in Data Driven Life," a public session of the conference set to take place on Wednesday, October 24. "We are delighted that Tim has agreed to speak at the International Conference of Data Protection and Privacy Commissioners. Tim has been a strong voice in the debate around privacy, as the leader of a company which has taken a clear privacy position, we look forward to hearing his perspective. He joins an already superb line up of keynote speakers and panellists who want to be part of a discussion about technology serving humankind."The session Cook is headlining is meant to start a global discussion on "right and wrong in the development and use of digital technology." As TechCrunch points out, Cook's attendance at the conference comes as U.S. lawmakers are considering online data protection rules similar to the General Data Protection Regulation (GDPR) Europe implemented earlier this year. Apple is a major advocate for privacy and the tech company that is the most invested in protecting consumer data. Cook and other Apple executives speak often on the importance of consumer data privacy. In a June interview, for example, Cook said that privacy "from an American point of view" is one of the "key civil liberties" defining what it means to be American. He also often points out that Apple's customers

Apple CEO Tim Cook Discusses Privacy, China, Alex Jones and More in VICE Interview

Apple CEO Tim Cook recently sat down for an interview with VICE News Tonight on HBO's Elle Reeve, and the footage from the interview aired tonight on HBO. Cook covered topics that include the importance of privacy, Apple's relationship with China, and why Apple blocked conspiracy theorist Alex Jones and his Infowars app and podcast. The full VICE News Tonight on HBO interview can be watched below. On privacy and its impact on Siri, Cook said that Apple doesn't believe that personal data is needed to make services better. "Whoever's telling you that -- it's a bunch of bonk," he said. Cook also said Apple has not made it easier for the Chinese government to get data from Chinese customers because the company uses the same encryption everywhere.It's not easy for anybody to get it. I mean it's it's encrypted like it is everywhere. And so no, I wouldn't I wouldn't get caught up in the, 'Where's the location of it?' I mean, we have servers located in many different countries in the world. They are not easier to get data from being in one country versus the next.On the topic of Alex Jones, Cook said that the removal of the Infowars show from Apple podcasts is an example of the importance of human curation. Cook also said that Apple does not lean one way or the other politically, and it wasn't taking a political stance removing Jones' offensive content.What users want from us and what we've always provided them is a curated platform. We think the what the user wants is someone that does review these apps, someone that does review the podcasts, someone that on like

Tim Cook on iPhone XS: People Want the Most Innovative Phone Possible and 'It's Not Cheap to Do That'

In an interview with Good Morning America's Robin Roberts this morning, Apple CEO Tim Cook discussed the new iPhone XS, XS Max, Apple Watch, and the recent exemption of some Apple's products from President Trump's proposed tariff on Chinese goods. Roberts asked Cook about the cost of the iPhone XS and iPhone XS Max line, the latter of which is Apple's most expensive iPhone to date at $1,449 for the 512GB model. Cook explained that monthly payment plans provided by carriers help make the cost of the iPhones easier to digest. He pointed out that all of the technology included in the iPhone, replacing previous separate gadgets like MP3 players and digital cameras, requires each smartphone to be priced at a premium. Cook also mentioned Apple's aim to "serve everyone," which he mentioned in an interview last week. Roberts: "One model starts at almost $1,100, are you afraid that a group of people are being priced out?" Cook: "Well we want to make an iPhone for everyone, that's always been our objective and we've got several iPhones in the line and they go down to materially lower. But if you look at this phone, it's the most advanced iPhone we've ever done. The way most people pay for these...they do a deal with a carrier and they pay so much per month, so if you look at even the phone that's priced over $1,000, most people pay $30 a month for it, so that's about $1 a day. And so if you look at it, the phone has replaced your digital camera...it's replaced your video camera, it's replaced your music player, it's replaced all of these different devices. And so

Apple CEO Tim Cook Will be on Good Morning America Tomorrow

Apple CEO Tim Cook will appear on Good Morning America tomorrow morning, where he will be interviewed by Robin Roberts live in Times Square in New York City. Good Morning America announced Cook's appearance on the show on Twitter this afternoon and asked its Twitter followers to reply to the tweet if they have questions for Cook. TOMORROW ON @GMA: Apple's @tim_cook one-on-one with @RobinRoberts LIVE in Times Square! Have questions for Tim? TWEET US by replying to this tweet! pic.twitter.com/s1umyOBWJM— Good Morning America (@GMA) September 17, 2018 Cook is likely to discuss the newly announced iPhone XS, iPhone XS Max, iPhone XR, and Apple Watch Series 4, and other topics like tariffs and new iOS 12 features could potentially come up. Cook last appeared on Good Morning America in 2016, where he spoke about the launch of the AirPods, the iPhone 7, and the iPhone 7 Plus. Ahead of his Good Morning America interview, Cook spent today in New York City, where he visited Apple employees at the Apple SoHo store. Thanks Apple Soho and to our team around the world for the hard work you’re doing this week and all year round! Can’t wait for Friday. pic.twitter.com/E7Eisyyu1j— Tim Cook (@tim_cook) September 17, 2018 Good Morning America's interview with Tim Cook will air on Wednesday, September 18, from 7:00 a.m. to 9:00 a.m. Eastern

Tim Cook on iPhone Prices: 'We Want to Serve Everyone'

At an event in Cupertino yesterday, Apple announced three new iPhone models: the iPhone XS, iPhone XS Max, and iPhone XR. Prices for the iPhones start at $749 for the iPhone XR in 64GB, and increase to as much as $1,449 for the iPhone XS Max in 512GB, which represents Apple's most expensive iPhone to date. Commenting on this price range in an interview with Nikkei today, Apple CEO Tim Cook said, "We want to serve everyone." Apple introduced the iPhone XR at a cheaper price point so that customers who wanted the advantages of the iPhone X line -- Face ID, an edge-to-edge screen -- could find them on a lower-cost iPhone. "We want to serve everyone," Cook said in an interview with Nikkei. "We understand that there is a wide range of what customers are looking for and a wide range of prices that people will pay." Likewise, the iPhone XS Max represents Apple's biggest iPhone yet, and serves the customers who enjoyed the features of the 2017 iPhone X, but wished it came in a larger size. "We always thought ... that if you provide a lot of innovation and a lot of value, there is a segment of people who are willing to pay for it," Cook said. "For us, it's a large enough group of people that we can make a reasonable business out of it." Apple will also still sell the previous generation iPhone 7 and iPhone 8, at new lower prices. The iPhone 7 will now start at $449 in 32GB and increase to as much as $669 for the iPhone 7 Plus in 128GB. The iPhone 8 will start at $599 in 64GB and rise to $849 for the iPhone 8 Plus in 256GB. Discussing the iPhone in general, Cook says that,

Apple CEO Tim Cook Sells $57.8M in Apple Stock

Apple CEO Tim Cook last Friday was awarded 560,000 shares of Apple stock as payment for his service as Apple's CEO and Apple's strong performance under his leadership. Following the award, Cook this week sold more than 265,000 of those shares at prices ranging from $216.96 to $218.54, netting him nearly $57.8 million. The remaining 294,840 shares worth more than $63 million were withheld by Apple for taxes. As with all transactions where Apple executives sell stock, the sale was done under a Rule 10b5-1 trading plan that was adopted on May 4, 2018. The stock Cook received last week included 280,000 vested restricted stock units (RSUs) provided to him as part of his compensation as CEO and another 280,000 vested RSUs awarded because Apple achieved a higher shareholder return than at least two-thirds of other companies in the S&P from August 25, 2015 to August 24, 2018.Mr. Cook's award provides that if Apple's relative TSR performance is within the top third of the companies that remain in the S&P 500 for the entire performance period, the 280,000 performance-based RSUs vest in full. If Apple's performance is in the middle third, the RSUs will be reduced by 50%, and if Apple's performance is in the bottom third, the RSUs will be reduced to zero. Apple needed to achieve a TSR of at least 56.23% to outperform the middle third of the companies in the S&P 500 for the performance period, and at least 19.94% to outperform the bottom third of the companies. Apple's TSR for the three-year period was 89.94%, which ranked 50th of the 423 companies that were included in the

Seven Years Ago Today: Steve Jobs Resigns as CEO of Apple, Tim Cook Named His Successor

Today marks the seventh anniversary of the late Steve Jobs resigning as CEO of Apple. In a letter addressed to Apple's Board of Directors, dated August 24, 2011, Jobs strongly recommended then-COO Tim Cook be named his successor. Letter from Steve Jobs:To the Apple Board of Directors and the Apple Community: I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come. I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee. As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple. I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role. I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you. SteveApple's Board of Directors approved the request, effective immediately, with Jobs elected Chairman of the Board. Jobs reportedly remained closely involved with Apple's strategic decision-making until passing away October 5,

Tim Cook Poised to Receive Around $120 Million in Apple Stock as Tenure and Performance Award

Apple CEO Tim Cook is poised to receive 560,000 shares of Apple stock on Friday, worth approximately $120.4 million based on Tuesday's closing price of $215.04. The two-part award is tied to Cook's continued service as CEO, and Apple's relative performance on the stock market under his leadership. The total includes the vesting of 280,000 restricted stock units for Cook remaining CEO over the past year, and the vesting of another 280,000 restricted stock units for Apple achieving a higher shareholder return than at least two-thirds of other companies in the S&P 500 over the past three years. Apple's total shareholder return was 119 percent from August 25, 2015 through Tuesday's closing bell, outperforming more than 80 percent of firms in the S&P 500, according to Bloomberg. So, unless Apple suffers a major collapse on the stock market in the next 48 hours, Cook will receive all 560,000 shares. Cook receives these annual awards as part of a grant he received upon succeeding the late Steve Jobs as CEO of Apple in 2011. Cook will receive an additional 560,000 shares in each of the next three years if he remains CEO, and Apple's total shareholder return continues to rank among the top-third of companies in the S&P 500. He is also set to receive a lump sum of 700,000 tenure-based shares on August 24, 2021, as part of his grant. Cook also receives a $3 million salary and earned a $9.33 million cash bonus in 2017, according to Bloomberg. Cook now has a net worth of around $700 million, according to Bloomberg, but has previously said he plans to give away most

Tim Cook Donates Almost $5M Worth of Apple Shares to Charity

Apple CEO Tim Cook recently donated 23,215 shares of Apple stock to charity, according to a filing with the U.S. Securities and Exchange Commission released today. At the stock's current closing price of $215.04, Cook's donation is worth close to $5 million. The SEC filing does not disclose the charity that Cook donated the shares to, as executives are not required to divulge that information. In the past, Cook has said that he plans to give away all his wealth. In a 2015 Fortune interview, for example, Cook said that he had already begun donating money quietly, but that he had plans to develop a "systematic approach to philanthropy." Following the charitable donation, Cook continues to own 878,425 shares of Apple stock, worth almost $189