Apple Inc. CEO Tim Cook has received a final payout of roughly $ 750 million received a decade ago after taking the top job from co-founder Steve Jobs.
According to the US Securities and Exchange Commission (SEC), Cook’s bonus was granted in the form of 5 million (approx.) Apple shares, which were then paid out.
The 60-year-old CEO joined Apple in the late 1990s after holding positions at Compaq and IBM. He quickly became Apple’s top operations executive and Steve Jobs’s number 2.
Cook took over as CEO of Steve Jobs shortly before the Apple co-founder passed away in 2011.
As he succeeded Jobs, some observers doubted the technocratic Cook could compete with the star power of his predecessor. But on its watch, Apple’s market value has skyrocketed, and the California giant is valued at more than $ 2.4 trillion.
However, Cook’s tenure also faced several hiccups, such as a failed launch of its own Maps app in 2012, which has been largely corrected, criticism of the company’s tax payments and tax treaty with Ireland, and a public dispute with the US over the smartphone Encryption.
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