[ad_1]
Use of equipment
Reuters Mario Anzuoni
Apple CEO
Apple CEO Tim Cook received more than 5 million shares of the company as a bonus to celebrate his tenth year in the role, as part of a deal with the company.
Read more
It was part of a deal that Tim Cook made when he took over the business from late co-founder Steve Jobs.
A company that has filed a filing with the US Securities and Exchange Commission (SEC) watchdog shows that Tim Cook sold most of the shares for more than $ 750million (£ 550million ).
The price was based on the performance of Apple shares relative to other companies in the S&P 500 stock index, because according to Apple’s filing with the Securities and Exchange Commission, Cook was eligible for the price because the shares of the company grew 191.83% over the past three years.
It is also reported that Apple’s stock price has risen 1,200% since Tim Cook became CEO on August 24, 2011.
The SEC request also showed that Cook earlier this week donated nearly $ 10 million in Apple shares to charitable causes without naming the recipient. He is known to have donated tens of millions of dollars to charitable works.
Source: agencies
[ad_2]
Source link
