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Apple CEO Tim Cook is about to receive a $740 million award

August 26, 2021


Apple CEO Tim Cook is about to receive the tenth and last payout from a contract he signed with Apple 10 years ago when he took over the CEO position from the late Steve Jobs. Back in January 2009, Jobs temporarily gave up the CEO position at the company that he co-founded. Looking way too thin amid rumors that he was suffering from a serious illness, Jobs told employees that he would return in June and named Tim Cook to replace him until he could return.

Selecting Tim Cook as his replacement turned out to be a tremendous parting gift from Steve Jobs to Apple

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