Tim Cook receives 1,000,000 Apple shares

Aug 26, 2011 by

As if being CEO of one of the world’s biggest and most influential companies isn’t enough, Tim Cook, Steve Jobs’s replacement as CEO has been given 1,000,000 shares in Apple, reports MacRumors.

This CEO bonus, will be given to Cook on two dates in the next ten years: 500,000 on August 24, 2016 and 500,000 on August 21, 2021, but only if Cook remains an employee of Apple.

The shares are valued at about $383 million in today’s market, but if Tim Cook does a good job, he will be a very rich man when he retires.

(via MacRumors)

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