Apple's iPhone Optimism Puts Cook on Path to Hit Top Pay Target
- CEO to get 280,000 shares if stock rally holds through Aug. 24
- He’s said that most of his wealth will be donated to charity
What Tim Cook Had to Say About Apple's Earnings
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A rosy forecast for iPhone sales that helped push Apple Inc.’s stock to a record high Wednesday edged Chief Executive Officer Tim Cook closer to reaching the top threshold for his fiscal 2017 performance award.
Cook, 56, will collect 280,000 shares on Aug. 24 if total shareholder return over three years beats at least two-thirds of the companies in the S&P 500. If Apple falls in the middle third of index members he gets half that amount, and none if it lands in the bottom third.