Apple chief executive Tim Cook gets $750m payout – By BBC News Staff (BBC) / Aug 27 2021
Apple chief executive Tim Cook has received more than five million shares in the technology giant, as he marks ten years in the job.
A company filing with the US Securities and Exchange Commission (SEC) watchdog shows that he sold most of the shares for more than $750m (£550m).
It is part of a deal he struck when he took over from co-founder Steve Jobs.
The award depended on how well Apple’s shares performed compared to other firms on the S&P 500 stock index.
According to Apple’s filing with the SEC, Mr Cook was eligible for the award as the company’s shares had risen by 191.83% over the last three years.
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