It pays to be patient, especially when you are very good at what you do.
Just ask Apple CEO Tim Cook. And while you’re doing that, you could also ask him for a loan, since he just collected 5 million Apple shoes, worth around $750 million.
It is the 10th, and final tranche of the pay package he agreed to when he took over as CEO from Steve Jobs back in August of 2011. The reason he’s making such a substantial haul, was one of the payout contingents was that Apple’s stock return over the past three years surpassed at least two-thirds of companies in the S&P 500.
Yeah, it did that and a whole lot more. So in other words, Jobs deserves and earned every single penny of that $750 million.
Because of the performance of Apple’s stock throughout Cook’s decade long tenure, he’s collected the top payouts every step of the way. That has allowed him to enter the B club, he’s a billionaire, worth $1.5 billion at the age of 60.
The scoreboard says it all about Cook’s success. Since he took over, Apple’s revenue has more than doubled, and it’s stock shares have returned over 1,100%. It would be tough to have done much of a better job than what Cook has done.
And it’s not like he’s slowed down either, as Apple stock has gone up 12% in 2021.
If you’re wondering how the Alabama native is going to spend his fortune, maybe he’ll purchase a mega yacht that would make Jeff Bezos jealous, or launch his own rocket company in his guest casita? Nah, not happening. He said in 2015 he’s giving most of his fortune away.