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Apple CEO earns $750 million from stock sale

Apple CEO Tim Cook has earned $750 million from the sale of shares in the tech giant after completing 10 years on the job.

A company filing with the US Securities and Exchange Commission (SEC) shows he sold most of the stock for more than $750 million.

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

The price depended on how well Apple's stock performed compared to other companies in the S&P 500 stock index.

According to Apple's filing with the SEC, Cook was eligible for the award as the company's stock had risen 191.83% over the past three years.

He also noted that Apple's stock price has risen 1.200% since he became CEO on August 24, 2011.

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

Last year, Cook agreed to a new pay package that runs until the end of 2026.

An SEC filing also showed that earlier this week Cook donated nearly $10 million worth of Apple stock to charity, without naming the recipient.