Cook received a base salary of $3 million and a bonus of $12 billion for meeting the company’s financial and environmental sustainability targets.
In 2021, Apple CEO Tim Cook earned a total of 98.7 million dollars in base salary, stock options, and other incentives. Security and private aircraft are among the other perks offered by Cook. For security considerations, the Cupertino-based company does not allow its CEO to fly in commercial planes. According to Apple’s SEC filing, his total income exceeds his 2020 salary of $14 million. Tim Cook became Apple’s CEO in 2011. He has been in charge of the company for nearly ten years.
According to Apple’s SEC filing, Cook received a base pay of $3 million and a bonus of $12 billion for meeting the company’s financial and environmental sustainability targets. In addition, he received $1.39 million in remuneration, which included $712,488 in private jet flights, $630,630 insecurity, $23,077 in holidays, and a $17,400 contribution to his 401(k) plan. In addition, he received up to $82.35 million in stock awards.
According to the petition, Apple will have had significant growth in 2021. The lockout and covid fear had little effect on sales. To be more specific, Apple announced a 33% increase in revenue and $365 billion in sales.
“It’s been a fantastic decade for Apple, and in 2021 Mr. Cook was granted an equity award for the first time since being named CEO in August 2011,” Apple said in the filing. Apart from Cook, a few more Apple executives such as Luca Maestri, Kate Adams, Jeff Williams, and Deirdre O’Brien earned pay ranging from $26 million to $27 million.
According to a CNBC report, Cook’s stock awards were established by taking into account Apple’s performance in 2021 and how Cook contributed to Apple’s growth in the same year. In 2021, Apple earned more than $83.4 billion. It was reported that if there had been no supply chain shortages, the company could have made more.
Apple CEO got a total of $14.8 million in 2014, which does not include stock awards that vested during that tenure. According to a Bloomberg survey published in August, Cook is the sixth highest-paid CEO in the United States. Elon Musk, CEO of Tesla, is currently the highest-paid CEO in the world. His net fortune exceeds $200 billion.