Tim Cook to earn $120 million

Tim Cook to Earn $120 million in share After Apple stock surges

Tim Cook is all set to earn $120 million in shares after the company's impressive quarterly results, which helped Apple become the world's first trillion-dollar company and the recent surge in the price of Apple stocks.

Cook will earn a total of 560,000 shares as part of his annual compensation plan, half of which are tied to his contract for serving as Apple's Chief Executive Officer over the years.

The rest of the 280,000 shares will be granted as a bonus, which is subject to Apple's performance compared to other companies in the S&P 500 index, a condition which was reportedly requested by Cook a few years ago

Tim Cook is all set to earn $120 million in shares after the company's impressive quarterly results, which helped Apple become the world's first trillion-dollar company and the recent surge in the price of Apple stocks.

Cook will earn a total of 560,000 shares as part of his annual compensation plan, half of which are tied to his contract for serving as Apple's Chief Executive Officer over the years.

The rest of the 280,000 shares will be granted as a bonus, which is subject to Apple's performance compared to other companies in the S&P 500 index, a condition which was reportedly requested by Cook a few years ago.