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Apple CEO got a huge payout

The Apple CEO, Tim Cook, got $750 million dollars worth of Apple Stock, or 5 million shares, as this is his 10th year as Apple CEO. When he took over the job of CEO from late cofounder Steve Jobs, this was part of the deal he made. The amount of money he received was based on how well Apple did. Apple stock did really well ever since he became CEO – it jumped by 191% in the last 3 years, and by 1200% ever since he became CEO. Apple is worth almost $2.5 trillion – making it the most valuable company in the world. Now, Tim Cook got a new pay package that runs till the end of 2026. HE also already donated tens of millions of dollars to charity, and he pledged to donate all of his money before he dies. His net worth is currently $1.5 billion dollars.

Source: https://www.bbc.com/news/business-58352098

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