Adam Lashinsky’s piece on Tim Cook is worth reading, even if there’s not a ton of new information about Apple’s CEO shared in it.[1]
There, is however, a good bit about how Cook is handling his wealth that, as far as I know, is new:
He plans to give away all his wealth, after providing for the college education of his 10-year-old nephew. There should be plenty left over to fund philanthropic projects. Cook’s net worth, based on his holdings of Apple stock, is currently about $120 million. He also holds restricted stock worth $665 million if it were to be fully vested. Cook says that he has already begun donating money quietly, but that he plans to take time to develop a systematic approach to philanthropy rather than simply writing checks.
It’s unclear from this article if Cook’s move is part of the well-known Giving Project, but either way, it’s a clear extension of what Cook’s been talking about from taking the reigns of Apple: using technology (and the wealth created by it) to impact the world for good.
I love it.