Tim Cook gets shares bonus

New CEO nabs one million Apple shares, photos surface of frail-looking Steve Jobs

Tags: Apple IncorporatedSteve JobsUSA
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Tim Cook gets shares bonus Apple's new CEO, Tim Cook has been given one million Apple shares as he takes over from Steve Jobs. (Getty Images)
By  Georgina Enzer Published  August 28, 2011

Tim Cook, the new CEO of Apple has been given one million shares of restricted stock by the company as he takes over the reins from Steve Jobs, the stock package is currently worth over $383m, according to the Press Association.

Cook took over as chief executive last week when Jobs stepped down saying he was unable to do the job after 14 years at the helm of the gadget giant.

Jobs has been battling pancreatic cancer for several years and pictures of a very frail Jobs being supported by an unknown man have surfaced on US celebrity gossip site TMZ.

Cook will not immediately have access to the stock package, half of the award vests over five years, and the other half five years after that, so the full stock value will not be known for years.

Apple's stock closed trade on Friday at $383.58.

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