Today, it has been 5 years since Tim Cook assumed the position of president of Apple, and as a result he receives shares worth 100 million dollars. On August 24, 2011, Steve Jobs left the position of president of Apple to assume the role of president of the board of directors, Tim Cook taking his place.
As part of the agreement made when assuming the position of president of Apple, Tim Cook today receives 980.000 shares worth 106.7 million dollars. 700.000 of the shares are the bonus for reaching the 5-year period at the head of Apple, 280.000 of them being part of a set that will be granted annually in the next 5 years if he keeps his position.
The bonuses received by Tim Cook could increase by another up to 280.000 shares depending on the shareholders' earnings in relation to other S&P 500 companies from August 25, 2013 and until August 24, 2016, the chances being quite high that Tim Cook will receive his the bonus and implicitly several tens of millions of dollars.
Apart from these, Tim Cook will receive another 700.000 shares if he maintains his position as president until 2021, plus another 280.000 shares annually until that year, so he could earn another few hundred million dollars in the form of shares, if Apple will perform well in the coming years.
Of course, Tim Cook also receives an annual salary from Apple, together with other financial performance bonuses, the president of Apple earning a lot of money, but only if his company is successful.
