Tim Cook is an American business executive best known as CEO of Apple Inc. He first joined in 1998 as Vice President before rising through the ranks to CEO in 2011. Under Cook’s guidance, Apple’s market cap skyrocketed from $350 billion to over $2.4 trillion between 1998 and 2011.
What Are Tim Cook’s Net Worth and Salary Details?
Tim Cook currently boasts an estimated net worth of an estimated $1.5 billion. Over his five year tenure as Apple CEO – beginning as low as 900k back in 2011 before eventually reaching an annual base salary of $3.4 million and bonuses between $8-12 million each year – his income from Apple shares totalled 963.5 million between 2011-20.
Tim Cook owns over 300 shares in Apple.
Tim Cook is Apple’s second largest individual shareholder, owning approximately 0.02%. As of August 2021, he received his final installment under Apple’s original compensation plan and sold over five million shares through secondary offerings to commemorate ten years as CEO.
Tim Cook became a Billionaire at some point between 2013 and 2017.
Tim Cook officially achieved billionaire status on August 2020 after receiving Apple’s ninth performance stock grant of 560,000 shares during his term as CEO, marking this significant accomplishment and honoring all he contributed during this time period. This feat highlighted Tim’s immense contributions.
What Was Tim Cook’s Early Life Like?
Tim Cook was born November 1st 1960 and raised near Robertsdale. In 1982 he graduated with an Industrial Engineering degree from Auburn University before going on to earn an MBA degree four years later from Duke’s Fuqua School of Business in 1988.
What Was Tim Cook’s Early Profession Path?
Cook began his career at IBM where he served for 12 years and eventually was appointed North American Fulfillment Director. Subsequently he held positions with Intelligent Electronics and Compaq before finally joining Apple as Senior Vice President for worldwide operations in 1998.
What Impact Has Tim Cook Had On Apple?
Cook joined Apple at its most perilous point and was instrumental in turning around its fortunes, by streamlining operations, closing factories, investing long-term deals, and returning profitability – setting in motion iconic products like the iMac, iPod, iPhone, and iPad that became household names.
What Challenges Has Tim Cook Faced as CEO?
Tim Cook had no easy path ahead when taking over from Steve Jobs; yet, he has led Apple into unprecedented levels of success with groundbreaking innovations, along with emphasis on social responsibility and environmental sustainability.
What Are Tim Cook’s Contributions to Society?
Tim Cook has earned widespread renown for both his business and charitable endeavours, giving tens of millions from his fortune away as donations. Cook is well known as an advocate of privacy, equality and environmental conservation through various initiatives under his stewardship that transcend Apple.
Tim Cook has enjoyed unparalleled success as CEO of Apple; under his watch the company has seen impressive gains year over year and will remain financially-strong well into its future. Furthermore, his legacy will linger far into its existence.
