Tim Cook took over the company Apple Lossless Audio CODEC (ALAC), in the middle of 2011 after the resignation of the well-known former CEO, Steve Jobs, and since then and until now he managed to keep the American company on an upward trend in terms of financial performance.
Moreover, Tim Cook is so dedicated to the mission of keeping the Apple company on a profitable trend that the other day he broke the law to stop an exodus of investors, so he deserves the 58 million dollars he received for his work.
On Monday, Tim Cook received 560.000 Apple shares as a reward for the performances he recorded within the American company, their current value on the market being 57.5 million dollars, Tim Cook currently taking the decision not to sell any of those that could be sold, so their value will definitely increase in the near future.
The performance bonus was awarded to Tim Cook because Apple is placed in the top 500 most profitable companies in the USA, more precisely in 46th place, Tim Cook should receive this if Apple is placed in the first third of the top, their sum being reduced to half if the placement was in the second third and to zero if it was in the third third.
Tim Cook still has 4.76 million Apple shares that he cannot sell, at the moment they are worth over 500 million dollars. Starting from 2016, Tim Cook will be able to sell over 900.000 units until 2021, so theoretically he can earn over 100 million dollars annually if he keeps Apple on the same trend.
