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The CEO of “Apple” receives a reward of $ 750 million!! Today, Saturday, August 28, 2021 3:33 pm
Screen News – Apple CEO Tim Cook received more than 5 million shares from the company, as a reward, to celebrate his tenth anniversary in this position, as part of an agreement with the company.
This was part of an agreement made by Tim Cook when he took over the company from the late co-founder, Steve Jobs.
One company that filed with the US Securities and Exchange Commission (SEC) watchdog shows that Tim Cook sold most of the shares for more than $750m (£550m).
The award was based on how well Apple shares performed compared to other companies on the S&P 500 stock index, as according to Apple’s filing with the Securities and Exchange Commission, Cook was eligible for the award, as the company’s shares rose by 191.83% during the past three years.
It is also reported that the share price of “Apple” has increased by 1,200% since Tim Cook became CEO on August 24, 2011.
The SEC’s request also showed that Cook earlier this week donated nearly $10 million of Apple stock to charitable causes without naming the recipient. He is known to have donated tens of millions of dollars to charity.