Tim Cook Celebrated Apple Becoming A Trillion Dollar Company By Giving Himself A $121 Million Bonus

Source - Apple CEO Tim Cook has taken advantage of the company’s soaring share price and cashed in $121 million worth of stock awards.

Just weeks after Apple became the first US company to break the $1 trillion valuation milestone, Cook was awarded 560,000 shares by the iPhone maker last Friday, according to a regulatory filing.

The stock options were worth $121 million before tax, and Cook wasted no time cashing them in. More than half, or $63.7 million, of the options were withheld for tax reasons, while Cook pocketed over $57.3 million.

Cook’s net worth is estimated to be $625 million. He has said he is not motivated by money and plans to give away all his fortune to charity when he dies.

Imagine waking up one day and deciding to gift yourself more money that 99.999999% of the population will see in their lifetime? The craziest part is that he probably didn’t even notice the difference in his bank account. I feel like once you get over the fifty-million-dollar mark you stop keeping track. What’s another hundred million dollars when you’re already worth six? Technically the “gift” came from Apple’s board in the form of 560,000 shares of Apple stock, which has been hovering around $220 per share as of late, but it’s still wild. If it makes you feel  better, half of it was taken by the government for taxes. I don’t know why it would though. Some people get upset when CEO’s get massive bonuses and stock options but I fucking love it. Besides, in the grand scheme of things Cook’s bonus isn’t that much considering the company is worth over a TRILLION dollars.

Oh, and he can kick rocks saying he doesn’t care about money.

He has said he is not motivated by money and plans to give away all his fortune to charity when he dies.

Buddy, if you didn’t care you wouldn’t have cashed in your stock, yah money grubbing weasel. Why do you need it if you’re going to give it away to charity anyway, Tim? If that were the case you’d give it away now. Nothing’s worse than a rich person who claims they don’t care about being rich.

Anyway, I hope he buys something cool but chances are he won’t. He doesn’t strike me as a gold chains and bottles guy. Although you never know, Steve Jobs bought a house just to spite his ex wife so I could be wrong.