This could be the fortunate day for Tim Cook as the new leader of the Apple company. As Tim Cook given a restricted stock grant of 1 Million shares by Apple board of members. Based on stock's closing price last Friday those shares have a stock market worth of $383.6 Million.
In this case, Tim Cook will get the half of the shares in August 2016 and the other half will be given in 2021.
According to Apple board member Ed Woolard, "Apple's market cap has risen from less than $2 billion to over $16 billion under Steve's leadership."
Woolard added, "Steve has taken no compensation thus far, and we are therefore delighted to give him this airplane in appreciation of the great job he has done for our shareholders during this period."
Image From: businessinsider.com
But Tim Cook will get the said stock shares if he can stay as Apple CEO for the next decade. For me it might be a very hard requirement but it's worth it. In this case, Tim Cook will get the half of the shares in August 2016 and the other half will be given in 2021.
According to Apple board member Ed Woolard, "Apple's market cap has risen from less than $2 billion to over $16 billion under Steve's leadership."
Woolard added, "Steve has taken no compensation thus far, and we are therefore delighted to give him this airplane in appreciation of the great job he has done for our shareholders during this period."
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