Tim Cook Earned $98.7 Million USD Last Year As Apple CEO
Roughly 1,447 times the median Apple employee salary.
Apple CEO Tim Cook received a collective compensation last year of about $98.7 million USD, a company filing indicates.
According to the document, Cook’s base salary of $3 million USD has remained unchanged over the last three years, though in 2021 he benefitted from a number of additional income streams — $82.3 million USD in stock awards, $12 million in non-equity incentives and an additional $1.3 million USD in other types of compensations for things like security and private flights. To put it into perspective, Cook’s salary is roughly 1,447 times the median Apple employee salary of $68,254 USD.
Other executives, like chief financial officer Luca Maestri, general counsel Kate Adams, retail and people lead Deirdre O’Brien and COO Jeff Williams all received around $27 million in compensation last year.
Cook was also among the highest-paid CEOs in 2020, according to Bloomberg. The New York Times notes that while many companies made cuts during the pandemic, some companies still offered the largest pay packages ever to their executives and widened the gap between executive and employee pay.
In other news, Apple might be switching up the camera in its iPhone 14.
