Tim Cook sells Apple shares worth $750 Million
The company's CEO, Tim Cook, gets a bonus of $750 million worth of Apple stock, marking his 10th anniversary as Apple CEO.
Apple's CEO Tim Cook has been paid $750m bonus payout pic.twitter.com/z6TPeuTWvK— Naija (@Naija_PR) August 27, 2021
A company filing with the US Securities and Exchange Commission (SEC) watchdog reveals that Tim Cook sold most of the shares for more than $750 million. Apple's share price has jumped over 1,200% since he became chief executive on 24 August 2011.
During Tim Cook's decade as CEO, Apple has exploited global supply chains, achieved high market shares, made money in China and sidestepped tax bills. However, all of these trends are becoming less favourable https://t.co/l1wo3ZnFib— The Economist (@EconUS) August 27, 2021
Before joining Apple in 1998, Tim Cook worked for IBM and Compaq. He announced that he would give away his entire fortune before he dies.