Friday, January 07, 2022

Apple's Cook


Apple’s chief executive, Tim Cook, was paid nearly $100m (£74m) last year, a 570% increase on the previous year.

Cook also gained access to share awards worth about $750m as the iPhone maker’s market value approaches $3tn.

His total compensation for the year to September 2021 was $98.7m, up from $14.7m the previous year.

His 2021 pay was boosted by a $82.3m stock award bonus related to Apples’ soaring share price. His base salary was $3m, he also collected $12m in bonuses.

Cook’s pay was 1,447 times that paid to the average Apple employee, who collected a median average of $68,254.

Apple spent more than $700,000 on private flights for Cook, as the company has decided it is too much of a security risk to allow him to fly on scheduled commercial flights. 

The company also paid hundreds of thousands in personal security, pension contributions, life insurance and buying back unused holiday time.

Cook's personal fortune is more than $1bn

Apple boss Tim Cook was paid nearly $100m last year, filings show | Tim Cook | The Guardian

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