Apple CEO Tim Cook’s made $15 million past year

Apple CEO Tim Cook’s made $15 million past year”

Apple said that it will adjust the cash bonuses that its executives receive based on how their environmental footprint aligns with the company's values.

Cook's annual take-home amount has gone up compared to past year when he made $11.5 million.

Cook's salary was $3 million, with $10.7 million in non-equity compensation and $1 million in other compensation, including air travel and security. Tim Cook has been with the company for nearly 23 years already. A lot more specifically, that's up from the $11,555,466 he noticed in 2019.

Tim Cook, the chief executive officer of Apple Inc saw his overall pay package increase by 28 per cent to $14,769,259 in 2020, according to a regulatory filing. However, the money Cook received from Apple is not limited to this.

More news: IPhone 13 Pro duo could get 120Hz refresh rate display

Apple's top rated 5 executives' earned a combined $120 million final year - a 12% bump from 2019 - as the enterprise posted report earnings in spite of uncertainty all-around the COVID-19 pandemic.

Cook, who has had an interesting relationship with President Trump over the last four years, said the incident "marks a sad and shameful chapter" in the history of the United States.

Apple additionally famous that, for the primary time since Cook was promoted to the CEO position in 2011, his 2021 compensation features a long-term fairness award. In the SEC filing, Apple also revealed that Cook is set to get a long-term equity award in 2021. The company, which requires its CEO to use a private jet for security reasons, covers both vacation and business travel of Cook from the company's budget. "For the primary time in practically a decade, we're awarding Tim a brand new inventory grant that may vest over time in recognition of his excellent management and with nice optimism for Apple's future as he carries these efforts ahead", Apple's board of administrators stated in a press release.

Apple said that Cook earned 256 times as much as its median employee, who earned $57,783 in 2020.

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