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Apple CEO Tim Cook Earned $9.2M in Fiscal 2014, Doubling 2013 Compensation
Apple CEO Tim Cook's compensation for fiscal 2014 was $9.22 million, according to a newly released SEC filing. That breaks down to a salary of $1.7 million and non-equity incentive compensation of $6.7 million, double the $4.3M compensation he received in 2013.
Apple's newest executive hire, Angela Ahrendts, received $73 million in cash and stock. That includes a $400,000 salary, a $500,000 bonus, and $70 million in stock. Ahrendts, who joined Apple in May of 2014, was previously making $37 million at Burberry, and her offer package included an RSU award with a value of $37 million to compensate her for her unvested Burberry awards along with an RSU award of $33 million as a new Apple hire.
As for other Apple executives, Eddy Cue and Jeff Williams made over $24 million in stock awards, salary, and non-equity incentive plan compensation. Peter Oppenheimer earned $4.5 million, and Luca Maestri, Apple's new CFO, received $14 million.
Apple had a record year under the guidance of Tim Cook, generating $182.8 billion in sales with $38.5 billion in net income in fiscal 2014, a new high for the company. According to its October forecast Apple expects to see revenue between $63.5 and $66.5 billion for the first quarter of 2015.
Apple will announce its earnings for the first fiscal quarter of 2015 on Monday, January 27. MacRumors will provide live coverage of both the earnings release and the conference call.
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65 months ago
i hope the youth of today see that there's a way to make serious cash without being an athlete or entertainer. finish school.
steve jobs didn't finish school.
65 months ago
Apple CEO Tim Cook Earned $9.2M in Fiscal 2014, Doubling 2013 Compensation
Considering his position,that's surprisingly low to me.
Considering his position,that's surprisingly low to me.
65 months ago
Considering his position,that's surprisingly low to me.
He got a crap-ton of stock in the previous year that has been on the up-swing of late, so let's not feel to bad for him.
so Tim Cook is poorer than Angela Ahrendts or Eddy Cue ???
"poor" is not a word I would ever use in comparison of any of those people.
65 months ago
Big company CEOs get big pay but Yosemite is an unmitigated disaster.
Fix it, Cook. We're running out of patience.
While you're at it, grow a pair and reign in Ivy's input in software in which he obviously knows little about.
Fix it, Cook. We're running out of patience.
While you're at it, grow a pair and reign in Ivy's input in software in which he obviously knows little about.
65 months ago
Tim Cook is over-payed and not the right guy to lead Apple.
He clearly is a first-class operations officer, but he doesn't have the product instincts to lead one of the most creative companies in the world (or what used to be) or the strength of personality to ride herd over the sprawling and somewhat undisciplined company that Apple has become.
Apple quality control (its most important asset) has taken a major nose-drive since Cook took over, with appalling bugs going many months or more before being fixed (just one example: how many times a day do I find my iPhone 6 won't quickly switch from portrait to landscape mode or vice versa when I take it out of my pocket?). And so many Apple products are left to go stale like Apple TV, iWork, displays, Radio, etc.
I wish Cook were the right guy for the job but he's not. He's a caretaker, not a creator, and Apple's success during his reign has largely been due to coasting on previous momentum that Jobs created over the years.
Apple and Cook are heading for a reckoning, and it's not going to be pretty when it happens.
He clearly is a first-class operations officer, but he doesn't have the product instincts to lead one of the most creative companies in the world (or what used to be) or the strength of personality to ride herd over the sprawling and somewhat undisciplined company that Apple has become.
Apple quality control (its most important asset) has taken a major nose-drive since Cook took over, with appalling bugs going many months or more before being fixed (just one example: how many times a day do I find my iPhone 6 won't quickly switch from portrait to landscape mode or vice versa when I take it out of my pocket?). And so many Apple products are left to go stale like Apple TV, iWork, displays, Radio, etc.
I wish Cook were the right guy for the job but he's not. He's a caretaker, not a creator, and Apple's success during his reign has largely been due to coasting on previous momentum that Jobs created over the years.
Apple and Cook are heading for a reckoning, and it's not going to be pretty when it happens.
65 months ago
Hmm, Kobe Bryant makes 23.5 million this year to dribble and shoot a basketball!:eek: What is the world coming to?
65 months ago
Not surprised especially since he gave consumers less while charging more = more profit.
65 months ago
Tim Cook should have earned nothing. He puts out the crappiest os apple has had since os 9, and he made the iphone software just as buggy and problematic as an old cheap chinese android device from 5 years ago.
Apple is the new android and android is the new apple!
Yah, way to go, Tim!
Is it just me or does anyone else seriously want to punch tim cook in the face every time they see him?
Apple is the new android and android is the new apple!
Yah, way to go, Tim!
Is it just me or does anyone else seriously want to punch tim cook in the face every time they see him?
65 months ago
Big company CEOs get big pay but Yosemite is an unmitigated disaster.
Fix it, Cook. We're running out of patience.
While you're at it, grow a pair and reign in Ivy's input in software in which he obviously knows little about.
Not impressed with Cook either. Making big profits now but I question the long term outlook. Pushing software out too fast. Low quality software. Treating developers like crap. Big app stores full of junk. Celebrating the Apple Watch on stage in October as though it had already sold 10 million. Yeah, not impressed.
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