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Tim Cook reaps $89.2-million stock award

Apple shares outperformed at least two-thirds of businesses in S&P 500 Index over 3 years

Anders Melin | Bloomberg 

Apple Chief Executive Officer Tim Cook collected 560,000 shares, half of them linked to the company's performance and the maximum allowed under the iPhone maker's long-term compensation programme. The award was worth $89.2 million when it was granted on Thursday, based on Apple's $159.27 closing price. He received the performance-linked stock because Apple shares outperformed at least two-thirds of businesses in the S&P 500 Index over three years, according to a regulatory filing Monday. It's Cook's fourth consecutive payout at the top threshold. Cook, ...

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First Published: Wed, August 30 2017. 01:03 IST
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