Tim Cook just unlocked a monstrous bonus

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LOVELOUD
Apple CEO Tim Cook will introduce the band Imagine Dragons Satuday at the LOVELOUD Festival in Utah.
Photo: Jim Merithew/Cult of Mac

Today marks Tim Cook’s five-year anniversary as the CEO of Apple after Steve Jobs resigned, and as a reward for making it this long in the top spot he just unlocked a monster bonus.

$100 million!

Sure, it’s not Zuckerberg money, but it will likely make Cook the most paid CEO of 2016 after he didn’t even make the list last year.

Apple awarded Cook 980,000 Apple shares for his performance as part of the larger compensation package he signed in 2011. Based on Apple stock’s Tuesday closing price of $108.85, the shares are currently worth around 106.7 million.

Despite the big pay day, Cook’s estimated wealth of $650 million is relatively modest by Silicon Valley standards, but he’s planning to donate most of it to charity anyway.