He also received 102 million including bonus from. Cook became the CEO of Apple when Jobs stepped down. Tim Cook is the highest paid CEO in the world who has the net worth which is estimated to be 785 million. Since 2011 when he took over Apple, to 2020, Cook doubled the companys revenue and profit, and the companys market value increased from 348 billion to 1.9. At that time, Cook oversaw the company’s daily operations but Jobs still took over the major decisions.
Two years ago, thanks to the shares granted to him by the said company. Two years later, Jobs requested another medical leave. Timothy Donald Cook better known as Tim Cook, is an entrepreneur, engineer and computer scientist who serves as CEO of Apple. In 2009, Cook took the role of CEO when Jobs took his leave of absence due to a liver transplant. Cook was promoted as Chief of Operations in 2007. In 2004, Cook temporarily became Apple’s CEO for two months while Steve Jobs was recovering from his pancreatic cancer surgery. Such initiatives are key to the success of Apple as they unveil countless products one after the other. After, the company found that the move that Cook made helped in reducing inventory levels and was able to streamline the supply chain to be able to reach its high efficiency thus allowing the company to increase its margins. Through his efforts, Apple eventually pulled out of manufacturing through closing factories and warehouses around the world. One of his roles is to clean up the atrocious state of Apple’s manufacturing, supply apparatus as well as distribution. Cook was taken under Apple’s wing in 1998 being the Senior Vice President for Worldwide Operations. He was also the Vice President for Corporate Materials at Compaq for seven months. Add to that, he has 12 years of experience under IBM’s personal computer business serving as the director of the North American Fulfillment. Before working for Apple, Cook used to be the Chief Operating Officer or COO of the computer reseller division of the company Intelligent Electronics. Duke University’s Fuqua School of Business back in 1988 is his Alma Mater for his M.B.A. Cook graduated from Auburn University with a Bachelor of Science in Industrial Engineering degree back in 1982. Born as Timothy Donald Cook has an estimated net worth of $500 million.