![]() This article originally appeared on GOBankingRates. As the new CEO he was give a million shares of the company stock that vest over the next 10 years. These Are the Best Banks of 2021 – Did Yours Make the Cut?ģ6 Ways To Save For Your Emergency Fund and Any Unexpected Situations His total 2010 compensation was valued at about 59 million. So let me be clear: I’m proud to be gay, and I consider being gay among the greatest gifts God has given me.” He said, “While I have never denied my sexuality, I haven’t publicly acknowledged it either, until now. Cook came out as gay in a piece he wrote for Bloomberg in 2014. Tim Cook is a very private individual, and although he is a billionaire, he still lives in a modest 2,400-square-foot home in Palo Alto, California. He is now the corporation’s second-largest individual shareholder, owning about 0.02% of the company. He received the ninth and final grant in August 2020, a testament to how successful Apple has been under his leadership. Before being named CEO in August 2011, Tim was Apples chief operating officer and was. ![]() On the day he became CEO, Cook gained a grant of options that he would receive incrementally over the next nine years depending on Apple’s performance. Tim Cook is the CEO of Apple and serves on its board of directors. When Jobs resigned in 2011, Cook was named CEO. ![]() When Steve Jobs, the founder and then CEO of Apple, took a health-related leave of absence in 20, Cook was responsible for day-to-day operations. He was promoted to lead operations and then chief executive. It worked less than a year later, the company was showing signs of new life. The new VP immediately went to work, changing manufacturing structures and investing in other business strategies in order to turn a profit. In fact, some of Cook’s friends and colleagues tried to talk him out of joining the company. It was a period of decline for Apple, as it was yet to develop the iMac, iPod, iPhone or iPad - products that would turn Apple into one of the world’s wealthiest tech companies. Success at AppleĬook started at Apple in 1998 as senior vice president for worldwide operations. After a 12-year stint at IBM, he worked for Intelligence Electronics for three years and then Compaq for six months. Cook immediately entered the field of computer technology when IBM hired him, and he eventually became the company’s North American fulfillment director.
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