Tim Cook, Chief Executive Officer of Apple,
has received approximately $100 million in compensation for 2021, as of Documents filed with the Securities and Exchange Commission,
The salary package was nearly seven times higher than the $14.8 million seen last year. This increase was largely due to the permission for restricted stock worth $82.3 million.
The tech boss, who has now led Apple (ticker: AAPL) for more than a decade, has delivered record profits. The stock jumped 35.9% over the past 12 months, more than a 26.3% increase from Facebook owner Meta (FB),
But an increase of 47.9% less than Microsoft (MSFT).
In recent times, Apple has become the world’s first $3 trillion company. It has been a pandemic winner as locked-down consumers buy more of its technology for their homes.
Apple touched the $2 trillion mark for the first time on August 20, 2020, 505 days ago. Since then, as of January 3, Apple has added an average of $2 billion to its market value a day, if you include the weekends. baron’s reported earlier this month. It’s been 1,254 days since Apple first reached $1 trillion in August 2018.
“Our CEO’s 2021 annual total compensation was $98,734,394, our average compensated employee’s 2021 annual total compensation was $68,254, and the ratio of these amounts is 1,447 to 1,” the Apple proxy statement said.
Write to Rupert Steiner at [email protected]