Apple CEO Tim Cook is allegedly set to round up $750 million this week in the last installment of the compensation bargain he marked 10 years prior when he succeeded Steve Jobs.
Cook will be given 5 million Apple shares worth about $750 million, media revealed Thursday. The award will give a huge lift to the CEO’s present total assets of $1.5 billion, as indicated by the news source.
Some portion of Cook’s money in was purportedly founded on Apple stock having beated somewhere around 66% of companies in the S&P 500 list in the course of recent years.
Apple didn’t promptly answer to a solicitation for input.
Sixty-year-old Cook previously took over from Steve Jobs in 2011, marking a beast pay bargain that included liberal stock payouts a seemingly endless amount of a large number of years, as indicated by news. In 2020, Cook made a $14.8 million salary and had $281 million worth of investment opportunities that vested, as indicated by the media.
Apple’s yearly income has dramatically increased during Cook’s residency — and in December the company turned into the primary US firm in history to arrive at a market capitalization of $2 trillion.
In any case, Cook, who was brought into the world in Alabama and was the principal Fortune 500 CEO to come out as gay, likewise faces a series of difficulties ahead.
He needs to lead Apple through antitrust pressure on a few fronts in the US and Europe — including over rewarding app store expenses that prompted a continuous high-profile claim from Fortnite designer Epic Games. App store commissions represent a critical wellspring of income for the company, getting $22 billion for the company in 2020.
Numerous Apple laborers are likewise revolting over the company’s push to bring corporate employees back into the workplace something like three days of the week, while another worker bunch as of late blamed company leadership for foundational segregation dependent on race and gender.