Tim Cook Receives $750 million Bonus On 10th Anniversary As Apple CEO

Tim Cook in his 10th anniversary as Apple boss, received more than five million shares and sold most of it for $750 million.

The transactions were revealed in a regulatory filing today.

The transaction is said to be the final part of the compensation package that Cook received when he was appointed as CEO Apple CEO 10 years ago.

In 2020, he got a new compensation package that runs through 2026. The majority of Cook’s compensation is in the form of restricted stock units.

Cook, 60, joined Apple in 1998 as a senior vice president for worldwide operations, and then served as the executive vice president for worldwide sales and operations.

In August 2011, he took over from Apple co-found Steve Jobs as CEO of the company.

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