Tim Cook’s $12 million bonus is his biggest ever
Apple CEO Tim Cook collected his biggestever annual bonus for fiscal 2018 after the company posted record revenue and profit, and its market value temporarily eclipsed $1 trillion.
Cook received a $12 million bonus for the year ended Sept. 29, the company said in a filing. He also got a $3 million salary and shares worth $121 million from his 10-year stock award, bringing his total haul to $136 million, along with perks of about $682,000.
Repeating that feat may be challenging. Earlier this month, Apple disclosed lower-than-anticipated demand for iphones in China and elsewhere, and cut its revenue forecast for the first time in almost two decades. — Bloomberg