OMG! Apple's Rally Makes CEO Tim Cook $120 Million Richer
OMG! Apple's Rally Makes CEO Tim Cook $120 Million Richer

We all know very well that the most charismatic and well-known name in the tech giant Apple’s history is undoubtedly Steve Jobs, but, the truth is that currently, it has been at the commands of the current CEO who led the company to grow and beat a few big records. Hence, now according to the latest reports, the tech giant Apple’s rally simply made the current CEO of the company, of course, Tim Cook $120 million richer.

OMG! Apple’s Rally Makes CEO Tim Cook $120 Million Richer

We all know very well that the most charismatic and well-known name in the tech giant Apple’s history is undoubtedly Steve Jobs, but, the truth is that currently, it has been at the commands of the current CEO who led the company to grow and beat a few big records.

Hence, to compensate for this work and to reward the results that have been obtained, the current CEO of the Cupertino company, of course, I am talking about the tech giant Apple, Tim Cook will receive a $120 million prize in Apple shares.

On the day the tech giant Apple will celebrate his 7 years, the tech giant Apple will reward its current CEO, of course, Tim Cook a new gift. All in all, it will be 120 million dollars that will fit, the fruit of the excellent work that has made ahead of Apple.

This amount will be passed to Tim Cook not in cash but rather in Apple shares in two tranches that will reward two goals that will be met. The first of them, of 280,000 shares, which is associated with his work as the tech giant Apple CEO, that he has been doing continuously for the past 7 years.

The second batch of shares, also of 280,000, which is associated with the tech giant Apple’s stock market performance. To receive the tech giant Apple’s share price in the stock market over the past 3 years, it will have to exceed 2/3 of the remaining S&P 500 companies.

Since the tech giant Apple shares are exceeding 80% of the shares of the companies in this index, it is virtually guaranteed that the current CEO of the tech giant Apple, of course, Tim Cook will also receive this award. The downfall of the tech giant Apple’s stock would have to be too big for it to fail, something that is virtually impossible.

It was with Tim Cook at the helm that the tech giant Apple has grown the most in recent years. By the time he took control of the company, it was worth only $350 billion, now valued at more than $1 trillion, a goal that many were waiting for, and that happened earlier this month.

Despite all these awards, the current CEO of the tech giant Apple, of course, Tim Cook is still far from the top of the richest men in the technology industry. Its value is only $700 million, down from $143.1 billion that Amazon CEO Jeff Bezos has associated with.

So, what do you think about this? Simply share all your views and thoughts in the comment section below.



AUTHOR

Amarnath Chakraborty is the content writer at Tech Viral. He writes/edits about how-to tips, tutorials especially on Social Networks, Android, iPhone, Computer, Internet etc.