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Apple CEO Tim Cook Just Got A Massive Bonus

Chris Ogden

| Last updated 

Apple CEO Tim Cook Just Got A Massive Bonus

Tell you what, I wish I was Apple's Chief Executive Officer. Not that I know anything about technology but I reckon I'd probably be able to blag it for a month or so - you know, just clue myself up on the buzzwords and ride it out - and in that time I'd be on for a hell of a pay check.

Tim Cook's currently in the big boss role at the company and he just picked up 560,000 shares, half of them linked to the company's performance. That was based on Apple's $159.27 share closing price.

If you're looking for a round figure, then I'll tell you it equates to $89.2 million, or £66.6 million in total.

He received the money because the corporation outperformed at least two-thirds of businesses in the S&P 500 Index. You'd think he'd be pretty excited at bringing home that kind of bacon, but actually this was Cook's fourth consecutive payout at the top threshold available to him.

Credit: PA Images

The good news at least is that Cook said in 2015 that he plans to give most of his fortune to charity. If he sticks to that promise, then I'd say he's welcome to all the bonuses he likes.

Earlier this year he also announced that the company would make a $1 billion investment to boost high-tech manufacturing jobs in the United States.

The planned investment cames after the US president criticised Apple during his election campaign over its reliance on manufacturing the iPhone and other products outside of the USA, particularly in China.

Amazon promised to create 100,000 US jobs over the course of the next two years, while Intel said it would put a grand total of $7 billion into a new chip-making plant in Arizona.

Credit: PA Images

"A lot of people ask me, 'Do you think it's a company's job to create jobs?' and my response is [that] a company should have values because a company is a collection of people," said Cook.

"And people should have values, so by extension, a company should. And one of the things you do is give back.

"So how do you give back? We give back through our work in the environment, in running the company on renewable energy. We give back in job creation."

Fair play. Well done on the bonus, LAD.

Featured Image Credit: PA Images

Topics: UK News, technology news, Technology, Apple

Chris Ogden
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