November 25, 2020

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Apple CEO Cook receives equity incentives and can get up to 114 million US dollars by 2025

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Apple,Cook, Funny Blog News

Apple CEO Cook receives equity incentive

According to foreign media reports, Apple CEO Tim Cook and his core management team have recently received restricted stocks granted by the company. These restricted stocks are designed to motivate them to continue working in the company until 2025. At that time, Cook can get up to more than 1 million Apple shares. Based on the closing price of the day, the maximum value of this equity incentive is about 114 million US dollars.

The equity incentive plan consists of two parts, of which more than 330,000 shares are not linked to company performance. As long as Cook stays in office until 2025, these shares will be issued in three equal parts in 2023, 2024, and 2025; second Some stocks are linked to the company’s shareholders’ profit, and Cook can get more than 660,000 shares at most.

The first equity incentives that Cook received after taking office will expire in 2021. In 2011, Cook succeeded Jobs as Apple’s CEO. Apple’s board of directors granted Cook a 10-year equity incentive plan with a total of more than 1 million shares, which will be issued 5 and 10 years after he took office.

Editor-in-chief’s comment: If Jobs is a revolutionary who is good at disruptive innovation, Cook is a pragmatic and stable manager. Under Cook’s leadership, Apple has become the world’s most valuable company and the first company in the United States with a market value of more than 2 trillion US dollars. It took 38 years for Apple to go from 0 to 1 trillion dollars in market value, but it took only two years to go from 1 trillion to 2 trillion. Behind the increase in market value, in addition to the stimulus of the epidemic, it also benefited from Cook’s transformation of Apple from a smart device manufacturer into a comprehensive and sustainable company with digital health, digital services, technology providers, and smart hardware. In recent years, Apple has continuously launched paid subscription services such as streaming media, games, and news, which has greatly increased service revenue. Nevertheless, Cook still has to solve many problems next. First of all, looking for new devices or services that can surpass the iPhone, and want to hit a higher market value…

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