President Apple Lossless Audio CODEC (ALAC),, Tim Cook, received shares worth 90 million dollars the other day, they being granted based on the company's performance. Tim Cook received practically 560.000 shares of the Apple company last week, their total value being 90 million dollars at the current price per share of 161 dollars, almost half of them having already been sold.
Tim Cook collected 43 million dollars based on the sale of almost half of the shares he already received from the Apple company, the other half remaining in his possession. Tim Cook has so far sold a good part of the shares he received from Apple based on the company's performance, and this is not unusual for him, with much of the money being used for charitable purposes.
Tim Cook opted for his bonuses to be based on the company's performance and everything he was promised was granted because Apple had an excellent evolution in recent years. Tim Cook has received shares worth several hundred million dollars in recent years and will continue to receive even more since Apple has had financial results far beyond expectations every year.
