Apple CEO Tim Cook’s $1 Billion Pay Day

Apple CEO Tim Cook’s $1 Billion Pay Day

A decade after taking over the post left by the late Steve Jobs, current Apple CEO Tim Cook is set to recieve around 5 million shares in the company – equating to approximately $US750 million ($1 billion).

The mega payout marks the 10th and final tranche of the pay deal he recieved 10 years ago, when he first took over the role.

According to Bloomberg, the payout was contingent on Apple’s share return surpassing at least two-thirds of companies in the S&P 500 (something that Apple has managed to do with ease).

And while $1 billion is a ridiculous amount for one person to recieve, Tim Cook’s tenure at Apple has seen the company go from success to success.

Since taking over in 2011, Apple’s shares have returned more than 1,100 per cent, while revenue has more than doubled.

The company also last year eclipsed $US2 trillion in value, with some now suggesting the $US3 trillion mark isn’t too far away.

He has also overseen the development of some of Apple’s most successful products, including the iPhone X, the Apple TV 4K, the iPad Pro, the Retina MacBook, and AirPods.

As for his personal fortune, Cook is on record as saying he plans to give away all of his wealth before he dies.




Please login with linkedin to comment

Latest News

SBS Audio Campaign Tells The Stories Of New Australians, With Multilingual Content Offerings To Assist Migrants
  • Advertising
  • Campaigns

SBS Audio Campaign Tells The Stories Of New Australians, With Multilingual Content Offerings To Assist Migrants

SBS Audio has launched a new marketing campaign for its ‘Australia Explained’ service which supports new migrants to successfully navigate life in Australia and achieve a greater sense of belonging and social cohesion. SBS’s flagship service for new migrants, Australia explained, has launched a multi-platform marketing campaign that reaches into the heart of the migrant […]

Tracker App Launches, Promising Consumers A Read On Brand’s & Products Sustainability Chops
  • Advertising

Tracker App Launches, Promising Consumers A Read On Brand’s & Products Sustainability Chops

Shoppers can now get access to sustainability information at their fingertips through Tracker, a first-of-its-kind mobile app. The Tracker app centralises sustainability data into a single, easy-to-understand format, helping shoppers make informed choices about the brands and products they support. Shoppers can simply scan the barcode of their favourite supermarket, chemist or department store item […]