The year 2021 saw Tim Cook’s tenth year as Apple’s CEO, as noted in the company’s complete SEC filing. After taking over as CEO from Steve Jobs in 2011, he was eligible for a delayed portion of his incentive plan.
Restricted stock units were part of that arrangement, with Cook’s compensation connected to Apple’s overall success. He made $89.2 million by selling 560,000 of his shares, the greatest amount he could receive.
In 2021, Cook will have vested five million shares valued at around $750 million. This is not taken into account when calculating his income. Cook’s net worth surpassed $1 billion in 2021.
Luca Maestri, general counsel Kate Adams, Retail + People’s Deirdre O’Brien, and COO Jeff Williams each get $1 million per year in basic compensation. In addition, they each received stock awards and other unidentified payments, which totaled roughly $27 million each.
There are no “pension or extra executive health or insurance benefits” provided by Apple in its full file.
On November 1, 1960, in Mobile, Alabama, a boy named Timothy Donald Cook was born. Harold’s parents worked at a shipyard as Donald’s father did, and a drugstore as Geraldine’s mother did.
He grew up in the nearby town of Robertsdale. In 1982, Cook graduated from Auburn University with a degree in Industrial Engineering. Cook received a Master of Business Administration from Duke University’s Fuqua School of Business in 1988. He was named a Fuqua Scholar for graduating in the top ten of his class.
Initiation of Professional Career
Tim Cook was employed by IBM straight out of college and quickly rose through the ranks to become the company’s North American Fulfillment Director, in charge of manufacturing and distribution for IBM’s Personal Computer Company in both North America and Latin America.
Cook joined Intelligent Electronics after a 12-year stint at IBM as the company’s chief operating officer (Reseller Division). He then functioned for six months as Vice President of Corporate Materials for Compaq, buying and managing product inventory.
Tim Cook Quote:-
“Winning has never been about making the most.”
“Some people see innovation as change, but we have never really seen it like that. It’s making things better.”
“Be the best, not the first.”
“I don’t think that you’re born with gut instinct, a gut matures and gets better over time, the struggle that most people have is learning to listen to it.”
“History rarely yields to one person, but think and never forget what happens when it does. That can be you. That should be you. That must be you.”
“Let your joy be in your journey — not in some distant goal.”