Not so many in the business and tech space earn what Apple Chief Executive officer Tim Cook earns in just compensations. Recently Apple announced that their Chief Executive Officer, Tim Cook, will make approximately $334 million in bonuses. Tim Cook is one of the largest shareholders at Apple Incorporation, with his shares currently standing at 5,040,000, valued at roughly $750 million. It makes Tim Cook one of the biggest earners in the decade for just compensations.
In the previous week, Apple got reported to withhold approximately 2,653,560 shares belonging to Tim Cook. According to SEC Filing, the Apple group Chief Executive Officer sold the rest of his claims in a retort, translating to about $355 million.
In 2011 when Tim Cook took over as the Apple Incorporation Group Chief Executive Officer from one of the company founders, Steve Jobs, he received a compensation package. A compensation package is several shares pegged on the Apple Incorporation performance in the security exchange market. Over the years, Tim has steered the company to greater heights, and the uptake of Apple Shares in the market has tremendously risen beyond expectations. In 2011 when Tim Cook took over from Steve Jobs, who had succumbed to a long battle with cancer, the company shares traded at about $13.50. Currently, Apple shares are one of the most sold and sought after in the security exchange market. The stock is currently trading at about $147.54. It is an approximately 100 percent appreciation in the last nine years Tim has been at the helm of Apple Inc.
Tim Cook has used his expertise in managing business to transform Apple into one of the world’s largest technology companies. Currently, Apple Incorporation is valued at a current market price to be worth approximately $2.44 trillion.
Tim Cook had a rough time with great expectations to fit in the shoes of one of the world’s most extraordinary Chief Executive officers Steve Jobs. Steve Jobs died after a long fight with pancreatic cancer complications, and he left a significant legacy at Apple and the entire tech space as a whole. Comparing Tim Cook to Steve Jobs is exceptionally unfair as some do in the industry, arguing that Tim Cook lacked the innovative drive of the former Chief Executive Officer, Steve Jobs had. It’s not right to suggest that Tim Cook has not performed exemplarily well in a market relatively high in the competition. The Apple compensation package to Tim Cook gets expected to the run-up to the end of 2026. It accelerates Tim’s net worth to about $1.5 billion based on records retrieved from Bloomberg.