Apple mints a CEO billionaire that was not a founder
Apple mints a CEO billionaire that was not a founder. Tim Cook deserves any cent they have paid him. He has made Apple better since Steve Jobs handed the ship over to him.
This week, the Apple Inc. chief executive officer will 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.
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