Dives with total assets of approximately $ 1.5 billion Tim Cook not in the Bloomberg Billionaires Index, but it is definitely impressive. The manager worked towards his current position as Apple CEO for a long time. In 2011 he finally followed in the footsteps of his predecessor Steve Jobs permanently. Probably the largest share of his income does not make up his base salary as head of the US company, but the shares he holds.
Tim Cook’s Income (2021)
Apple released its annual proxy statement this week. In addition, the company announced that the annual general meeting would take place on March 4, 2022. In addition to announcing the date for the Annual General Meeting, the annual report also occasionally contains interesting facts about Apple’s business development over the past year as well as details about executive compensation.
An example: Apple CEO Tim Cook earned a good $ 98.7 million in 2021. They are broken down as follows:
- Base salary: $ 3 million
- Stock premium: approximately $ 82.3 million
- Compensations: approximately $ 16.4 million
“In 2021 we celebrated the 10th anniversary of Tim Cook’s leadership as CEO. It’s been a notable decade for Apple, and in 2021, Mr. Cook was granted a share allotment for the first time since his promotion to CEO in August 2011. The structure of this reward is better aligned with the performance and time-based RSUs granted to our fellow executives, while the amount recognizes his exceptional leadership and reflects the size, performance and profitability that Apple has achieved during his tenure. “
Apple proxy statement
Other executives at Apple
In addition to Apple CEO Tim Cook, the rest of the management level of the US group did not go away empty-handed.
Luca Maestri (Chief Financial Officer): $ 26.98 million.
- Base salary: $ 1 million
- Stock premium: approximately $ 21.96 million
- Compensations: approximately $ 4 million
Katherine Leatherman “Kate” Adams (Senior Vice President of Legal and Global Security): $ 26.97 million.
- Base salary: $ 1 million
- Stock premium: approximately $ 21.96 million
- Compensations: approximately $ 4 million
Deirdre O’Brien (Senior Vice President of Retail and People): $ 27 million.
- Base salary: $ 1 million
- Stock premium: approximately $ 21.96 million
- Compensations: approximately $ 4 million
Jeff Williams (Chief Operating Officer): $ 26.97 million.
- Base salary: $ 1 million
- Stock premium: approximately $ 21.96 million
- Compensations: approximately $ 4 million
Source: Apple Proxy Statement