Recently, Apple Inc (NASDAQ:AAPL) CEO Tim Cook has received around $57 million worth Apple’s shares, for offering best performance for the past two years in the company.
The internet heats up regarding the news that Tim Cook has been awarded $57 million of shares of Apple Inc., for being a most dynamic CEO and also for providing better performance in recent years. Mr. Cook retained that shares of the company, and also none of those awarded shares were sold by him.
Almost 50 percent of those shares were retained by his company for tax purpose, that was exclusively created by the company under request made by Tim Cook in the year 2013.
Mr. Cook Mentioned in a statement as,
“We rarely comment on the moves in Apple stock. But…growth in iPhone activations has accelerated over the past few weeks.” “Obviously I can’t predict the future, but our performance so far this quarter is reassuring. Additionally, I continue to believe that China represents an unprecedented opportunity over the long term as LTE penetration is very low and most importantly the growth of the middle class over the next several years will be huge,”
Tim Cook was awarded with 560,000 shares of the Apple Inc., and in the meanwhile, Tim Cook own around 1,1700,000 shares of the company worth 120 million dollars. Performance records were strictly considered by the company and the award was awarded to him for his best performance in his recent years.
In the past years, the stock of the company reached its top position among the top companies in S&P 500, and this made him to receive an award worth $57 million. If the company’s stock has been in the middle of the list, or in somewhere down to that, the price reward for Tim Cook would have reduced to almost half of the current reward. Finally, it is proved that, “life of an Apple CEO has been surely never dull”.