Apple CEO Tim Cook set to get $750 million, here’s why

Tim Cook is poised to hit pay dirt – again.

This week, the Apple Inc chief executive officer will collect the tenth and final tranche of the pay deal he received a decade ago after he took over the top job from co-founder Steve Jobs.

The haul consists of about five million shares worth roughly $750 million, according to calculations by Bloomberg News. Part of the payout is contingent on Apple’s stock return over the past three years surpassing at least two-thirds of companies in the S&P 500 – a threshold the iPhone maker cleared by a wide margin.