Bloomberg: $750 Million Bonus for Apple CEO Tim Cook

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Apple CEO Tim Cook can expect a bonus of around $750 million this week. He will receive that amount of 638 million euros in Apple shares.

 

It is the tenth and final instalment of a compensation package that Cook agreed to when he took over the leadership of the tech company from Steve Jobs, one of the founders of Apple, in 2011.

Partly due to Apple’s continued growth and the ever-rising share price, Cook met all the requirements for the bonus. Over the past decade, Apple’s stock has increased in value more than 12 times.

Cook has a net worth of $1.5 billion, according to the Bloomberg news agency. The 60-year-old American has previously said he will give away most of his wealth. He has also donated Apple stock several times recently.

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