Apple CEO Tim Cook Takes Home $750 Million Bonus After Decade On The Job

Apple CEO Tim Cook is set to take home a massive bonus from the world’s most valuable company after a decade on the job. In a regulatory filing submitted on Thursday, it was revealed that Cook would be receiving a $750 million bonus after acquiring and selling more than 5 million shares of the company.

According to the filing, one of Apple's incentives for awarding Cook this bonus had to do with the firm's performance for the last three years, particularly because it was one of the S&P 500's top performers. Under Cook between August 2018 and 2021, Apple generated shareholder returns of nearly 192%. Since Cook’s tenure began on Aug. 24, 2011, Apple’s share price rose 1,200%, buoyed by iPhone sales and other smart devices.

Apple became the world’s first trillion-dollar company in 2018 and today its market capitalization stands at $2.4 trillion. According to CNN, Apple’s stock went up about 11% this year.

Despite his huge bonus this week, Cook, 60, only became a billionaire himself last year with a net worth valued at $1.5 billion. Last year, Cook agreed to a new pay package that runs to the end of 2026 and announced that he would be donating a portion of his wealth during his lifetime, reports the BBC.

Apple’s SEC filing also revealed that Cook had donated 70,000 in Apple shares worth $10 million to charity. The name of the charity was not listed, but the Apple CEO is well known for his donations to causes related to human rights, fighting AIDS/HIV, and climate change.

Cook joined Apple in 1998 after previously working at IBM and Compaq. He served in senior roles before becoming CEO in 2011 after company co-founder Steve Jobs stepped down.