APPLE CEO Tim cook decide to Donate all Money
According to show biz fortune, World largest and most profitable company (absolutely it is Apple), Apple CEO Tim Cook Decide to donate all Money to charity Firms before his death. Tim Cook joins a growing number of the world’s super-rich who are giving away their wealth, including Facebook founder Mark Zuckerberg. According to Fortune Magazine, he holds $120m (£81m) worth of Apple shares and a further $665m (£447m) of restricted stocks. He told Fortune he has started donating money to unspecified causes quietly and is trying to develop a more ‘systematic approach’ to philanthropy that goes beyond writing checks. Just because the Apple CEO wants to donate money doesn’t meant that Apple shareholders want to. Starting a manufacturing unit in Africa would presumably be less profitable. Cook’s job as CEO is to increase shareholder value, so he would have to convince the shareholders that it’s worth doing so even if it reduces earnings (impacting share price). (Bear in mind that the majority of shareholders are other major companies, not individuals, and many may not be American.). On the other hand, Cook can give away his money without consulting with anyone else. you may also interested to read 10 Richest Actor in World Shahrukh Khan 2nd Position.