Apple Chief Executive Tim Cook gets $750m worth of shares

Apple Chief Executive, Tim Cook has received more than five million shares in the technology giant, as he marks ten years in the job.

A company filing with the US Securities and Exchange Commission shows that he sold most of the shares for more than seven hundred million dollars.

It is part of a deal he struck when he took over from co-founder Steve Jobs.

Apple in the filing with the SEC, said was eligible for the award as the company’s shares had risen by 191.83% over the last three years.

It also noted that Apple’s share price has increased 1,200% since he became chief executive on 24 August 2011.

The company behind the iPhone, iPad and MacBook now has a market valuation of almost 2.5 trillion dollars.

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