Today is meet five years since Tim Cook was named CEO of Apple the 24 of August of 2011, the same day in that the co-founder, Steve Jobs, resigned definitively as President Executive and recommended to the Council of administration that appointed to Cook as his successor permanent.
Now that it came at age five at the head of Apple, Cook has actions restricted by more than $ 100 million bonuses. Them bonds are linked both to their management and the performance of Apple under your address, including your return total as shareholder in relation to the index S & P 500.
Them bonds of Cook include 700,000 units of actions restricted, that are consolidated today as part of a package of compensation more large with more than 4.7 million of actions, in addition to the first of their six fees annual of units of actions restricted based in the tenure of 280,000 that are delivered today. The combined of 980,000 shares is valued in almost $ 106.7 million of dollars based on the price of closing of AAPL of $ 108,85 the Tuesday.
A unit of restricted stock, or MSW, is a form of compensation valued in terms of the company’s shares, but action is not issued at the time of the award. Instead, the recipient receives shares in a date back, in general, only if still are employees of the company. Cook personally requested that his prize was modified to adhere is to a system of compensation based on the performance in the year 2013. Another of its 700,000 MSW are scheduled to be delivered from August 24, 2021, more than 280,000 MSW every 24 August until 2021.
The net value of the bonds of Cook, assuming that stays in the company until August 24, 2021 and meets performance goals, is estimated at more than $500 million based on its current actions and the RSU granted options. Tim Cook has previously pledged to donate most of his wealth, including these bonds of securities to charities. In may, 2015, for example, Cook donated approximately 50,000 shares of Apple, with an approximate value of $6.5 million, to charities without revealing.
Cook has supervised the launch of the Apple Watch, the MacBook Pro with screen Retina, the MacBook’s 12 inch ultra-thin, the iPad Pro, several models of iPhone and iPad; also applications such as Apple Maps, Apple Music, Apple Pay, Siri, and many other products and services since took the reins of the company in 2011. Apple became the company of the most valuable of the world in 2012, under his direction, and continues taking that title today. The shares of Apple have risen by 132% from the Cook was appointed as Chief Executive Officer for five years.
