+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

As of today, Tim Cook can now unlock $100 million in bonuses

Aug 24, 2016, 21:23 IST

Getty Images/Chip Somodevilla

Tim Cook has officially reached the five-year mark as CEO of Apple, and with that comes a giant bonus.

Advertisement

Cook is celebrating his fifth anniversary Wednesday, which means he can now unlock stock bonuses he was awarded in 2011 - stock bonuses that are now worth more than $100 million, according to MacRumors.

Cook now owns 980,000 shares of Apple stock, which was at $108.07 as of 11:40 a.m. Wednesday. That means Cook's shares are valued at nearly $105.9 million.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

The bonuses weren't guaranteed; they're tied to Cook's tenure and Apple's performance over the last five years, which includes total shareholder return. While the company has continued to be the most valuable company in the world under Cook and Apple's stock has risen more than 132% since Cook took over, Apple's revenue and the majority of its product lines has been shrinking and some questions have arisen over Cook's leadership.

NOW WATCH: I spent 37 consecutive days playing 'Pokémon GO' - here's what I did to catch 'em all

Please enable Javascript to watch this video
Next Article