New in OS X: Get MacRumors Push Notifications on your Mac

Resubscribe Now Close

Apple CEO Tim Cook Earned $10.3M in Fiscal 2015, Up From $9.2M in 2014

tim_cook_headshot_glassesApple CEO Tim Cook's compensation for fiscal 2015 was $10,281,327, according to a newly released SEC filing. That breaks down to a salary of $2 million, non-equity incentive compensation of $8 million, and other compensation of $280k. Cook earned approximately $1 million more than he did in fiscal 2014, when he brought in $9.2 million.

Last year, with stock awards and hiring bonuses, Apple retail chief Angela Ahrendts earned $73 million, but in 2015, her compensation was $25.8 million, in line with other Apple executives, all of whom received $20 million in stock awards and $4 million in non-equity incentive compensation in addition to their $1 million salaries.

Senior executives Bruce Sewell, Dan Riccio, Eddy Cue, and Luca Maestri all earned more than $25 million in 2015, numbers that do not include restricted stock units that vested in 2015. Over the course of the year, Tim Cook received 560,000 shares of stock worth over $57 million, Angela Ahrendts received 391,634 shares worth $50 million. Eddy Cue, Dan Riccio, Bruce Sewell, and Luca Maestri also had shares worth between $11 million and $38 million vest.

Under the guidance of Tim Cook, Apple had another record year, generating $233.7 billion in sales, an increase of 28 percent over 2014 and a new high for the company. Earnings per diluted share were at $9.22, up 43 percent from 2014. According to its October forecast, Apple expects to continue its record earnings streak into 2016, with projected revenue between $75.5 and $77.5 billion for the first quarter of 2016.

Apple will announce its earnings for the first fiscal quarter of 2015 on Tuesday, January 26. MacRumors will provide live coverage of both the earnings release and the conference call.

Top Rated Comments

(View all)

50 months ago
So he earned $28219 on average each day, including the day in which he approved a MacBook with a single USB port.
Well done, Tim.
Rating: 37 Votes
50 months ago

Meanwhile, Apple Store retail employees make $16 per hour in San Francisco.

Damn! That's a LOT. Wonder why it's so high?
Rating: 34 Votes
50 months ago
Meanwhile, Apple Store retail employees, who puts up with the most crap of anyone in the whole company, makes $16 per hour in San Francisco.
Rating: 26 Votes
50 months ago
"Angela Ahrendts received 391,634 shares worth $50 million"

Ugh. Srsly? Like for why?
Rating: 22 Votes
50 months ago
I can't be the only one who thinks there should be some change in Apple. IMO Cook, Ive, and Cue need to be out and replaced to see what fresh, new, and motivated people can bring to the table.
Rating: 21 Votes
50 months ago
Annnnd, here we go.....(puts on helmet).....
Rating: 20 Votes
50 months ago
Angela is extremely overpaid. She manged to bungle both the Apple Watch and iPad Pro launches in the same year.
Rating: 18 Votes
50 months ago
Why is the CEO the lowest paid senior executive?
Rating: 17 Votes
50 months ago

And the stock hasn't budged...

Yes it has.
It's gone from a high of 133 last year to 100 today.
Rating: 17 Votes
50 months ago

Meanwhile, Apple Store retail employees, who puts up with the most crap of anyone in the whole company, makes $16 per hour in San Francisco.

And then they punch out at 5:00, pull off their T-shirts, grab their backpacks and head over to the bar without a care in the world. And nobody spends hours upon hours with a microscope up their nether regions, analyzing and criticizing their every breath.
Rating: 13 Votes

[ Read All Comments ]