Apple has awarded Tim Cook a whooping 22 Million Dollars as bonus. Tim Cook took care of Apple and managed day to day operations when CEO Steve Jobs was away for 6 months due to ill-health. This was Steve Jobs personal recommendation that he be awarded . Jobs feels that Cook was the right man for the job, and he didn’t let Apple feel his absence.

“The bonus is a reward and is also to stay competitive,” said Kaufman Bros analyst Shaw Wu.

“Cook has been targeted by other companies, and he’s proven to be very adept and capable at leading Apple. I think they need to keep the conversation competitive to keep him from getting lured away,” he said.

Cook could succeed Jobs for Chief Executive position at Apple. Earlier he worked for Compaq until Jobs hired him for Apple. On January 2007, he was promoted COO. Till date he remains COO but is seen as a very capable person who could succeed Jobs.