Apple CEO Poised to Get $750 Million Final Payout From Award
- Cook has said he plans to give most of his fortune away
- During his tenure, Apple’s stock has climbed more than 1,100%
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Tim Cook, Apple Inc.’s chief executive officer, will this week collect the 10th and final tranche of the pay deal he received a decade ago after he took over the top job from co-founder Steve Jobs.
The haul consists of about 5 million shares worth roughly $750 million, according to calculations by Bloomberg News. Part of the payout is contingent on Apple’s stock return over the past three years surpassing at least two-thirds of companies in the S&P 500 -- a threshold the iPhone maker cleared by a wide margin.