Apple CEO Tim Cook received more than 5 million shares from the company as a bonus based on Apple’s achievements. He sold these assets for more than £ 550 million, the equivalent of 750 million dollars. All this was already foreseen when he took the role of his predecessor Steve Jobs.
The award, certainly very rich, is however linked to the extraordinary economic performance that Apple has achieved since Tim Cook took over the company. To be precise, the bonus was awarded based on Apple’s share performance compared to other companies in the S&P 500 stock index. Apple’s market valuation is currently 2.5 trillion dollars.
The results of Apple under the leadership of Tim Cook, here are the reasons for the bonus
In the last 3 years the value has grown by 191.83% and by 1200% ever since he took on the role of Chied Executive way back 24 August 2011, ten years ago. However, Cook said much of this money will go to charity, and he has already donated about $ 10 million worth of stock to charities, without declaring the recipient.
In 2015, the entrepreneur announced that he would have donated his entire assets before his death, and is known for having already donated important amounts, amounting to tens of millions of dollars. Tim Cook’s assets currently stand at around 1.5 billion dollars, according to Bloomberg’s list of billionaires.
He has often explained his concern and his commitment to very sensitive issues, such as some diseases (HIV and AIDS), climate change, equity e human rights. Fortunately, there are other US scroungers who donate large sums of money as well.
Bill Gates, co – founder of Microsoft, e Warren Buffet, a well-known investor, have launched an initiative aimed at bringing together billionaires to donate at least half of their fortune. Buffett has already donated shares of his company this year, Berkshire Hathaway, for a total value of 4.1 billion dollars.