Apple boss Tim Prepare dinner nets £220m in shares and pay for 2020 as tech big’s gross sales soar within the pandemic
Apple boss Tim Prepare dinner scooped almost £220million final 12 months because the iPhone maker made a good-looking pandemic revenue.
He acquired annual pay of £10.4million final 12 months, up from £8.5million in 2019, in line with regulatory filings.
On high of this, he acquired efficiency shares price £207million which vested throughout the 12 months, taking his complete haul to £218million.
Apple boss acquired annual pay of £10.4m final 12 months, up from £8.5m in 2019, in line with regulatory filings
It comes after Apple raked in £202billion in gross sales within the first 9 months of 2020, about £747million per day.
Demand for its devices has been boosted because the disaster forces households to spend extra time at residence.
Analysts suppose the US agency made one other £75billion within the remaining three months of the 12 months.
Prepare dinner, 60, is ready for extra massive pay days. He already earned billionaire standing when Apple’s market worth reached £1.5trillion, primarily based on his holding of 0.2 per cent of complete inventory.
However beneath a inventory bonus scheme, he’s eligible for an extra 3.92m shares which haven’t vested but, price about £510million at the moment.
Since taking up in August 2011, Prepare dinner has presided over an 875 per cent rise in Apple’s share value.