Days after celebrating his tenth anniversary at Apple's helm, Tim Cook is poised to receive a whopping $750 million of Apple's stock this week as the final installment of his pay deal with Apple, put in place over a decade ago when he took over the company, Bloombergreports.
The installment will consist of 5 million shares of Apple's stock, equating to be around worth $750 million, according to Bloomberg. Last year, Cook received restricted stock units worth up to $114 million, ensuring he'll remain CEO until at least 2025.
Cook, aged 60, has a net worth of roughly $1.5 billion according to Bloomberg's Billionaires Index. Though a billionaire, Cook's compensation for 2020 was among the most modest compared to other high-paid tech CEOs. In 2020, Cook received $14.7 million, according to SEC filings.
Apple CEO Tim Cook and incoming CEO John Ternus are attending this year's Sun Valley Conference, according to Forbes.
Allen & Co., the boutique investment firm behind the event, uses the conference as an annual excuse to put media, tech, and finance leaders in the same rooms for a week of closed-door talks at the Sun Valley Lodge. This year's event began on July 7 and is expected to run...
Tim Cook will participate in his final Apple earnings call as the company's CEO today. The call begins at 2 p.m. Pacific Time / 5 p.m. Eastern Time.
Cook and CFO Kevan Parekh will discuss Apple's earnings results for the second quarter of the 2026 calendar year on the live-streamed conference call. While the call is primarily intended for Apple shareholders and Wall Street analysts, anyone...
Apple CEO Tim Cook today confirmed that today's call was his last as CEO, with John Ternus set to become Apple's new CEO on September 1. Cook will transition to a new role as executive chairman when Ternus becomes CEO.
I just wanted to take a moment to say thank you to all of you, from our shareholders, particularly our long-term shareholders who have put their trust in us for so many years, ...
I support Cook as CEO but I have to disagree. I don't think paying one man such an insane sum of money is ever deserved. I'm glad he plans to give most away though. He's certainly doing much better than other wealthy CEOs in that regard.
Apple's first foldable iPhone, with a book-style design featuring a ~5.5-inch outer display and a ~7.8-inch inner display with a minimal crease down the middle.
