In a recent revelation, it is learned by Business Insider that Tim Cook, CEO of Apple, has received $121 million in stock grants.
According to an SEC filing on Tuesday, Tim Cook has received 560000 AAPL shares, of them, he has sold $57.8M.
Tim Cook Has Made $701M in the Last Seven Years as CEO of Apple
The data is brought to light by Equilar, which is a board intelligence solutions provider firm.
Notably, most of the total was in the form of stock. Business Insider reports, “In total, Cook has collected more $650,382,235 in stock awards since he became CEO. After adding salary, and other bits of compensation, he’s collected $701 million in pay since 2011, according to Equilar’s analysis. Even after Tuesday’s sales, he still holds over 800,000 shares of Apple, worth over $195,000,000 on Wednesday’s opening price of $220.15.”
When Cook donned the hat of CEO in 2011, he was awarded $7M shares, and since then, the stock has almost grown four times in value.
Though Cook is far behind Facebook CEO Mark Zuckerberg, there is no other CEO between Zuckerberg and Cook concerning income.
According to Alex Knowlton, a senior analyst, “The only other CEO who has realized more value in the same time period is Mark Zuckerberg, who exercised 1.2 million options over two years.”
Knowlton adds, “Mark Zuckerberg’s options had a strike price of $0.06, making his options over the same time worth almost $5.8 billion.”
One should not forget that it is under Tim Cook’s leadership, Apple becomes the first $1 trillion company. In the last seven years, Apple achieved new heights under the able management of Cook.
Though Cook lacks the passion and innovation of Steve Jobs, his strategic decisions and smart marketing campaigns have led Apple to become the most valuable brand in the United States.
Not that Cook believes only in making money, he does charity to help the society. Recently, Tim Cook transferred his Apple stock worth $5 million to the charity. He is undoubtedly a CEO with a heart of gold.
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