Apple CEO Tim Cook Earned Over $15 Million in 2018, Not Counting Stock Awards

by

cook heroApple CEO Tim Cook earned more than $15 million in salary in 2018 according to the 2018 proxy statement Apple filed with the SEC today.

Cook earned a base salary of $3 million along with $12 million in incentives awarded for performance-based reasons, and another $682,000 in unspecified "Other Compensation." Cook earned a total of $3 million more than he did in 2017.

Cook's listed salary does not include stock awards that he received in 2018, and when taking that into account, he earned an additional $121 million. In the future, Cook is set to receive stock worth upwards of $189 million as shares vest.

Other Apple executives received a base salary of $1 million, along with bonuses of more than $25 million. Angela Ahrendts, Jeff Williams, Luca Maestri, and Kate Adams, Apple's general counsel, all earned over $26 million in 2018, stock awards included.

All Apple executives are earning well over the median salary at Apple, which was $55,426 owing to the large number of retail and support employees that work for Apple. At almost $16 million, Cook earns 283 times what the median Apple employees do.

appleexecutiveearnings
Apple's full proxy statement contains additional salary details, proposals that will be voted on at the shareholders meeting in March, and information on Apple's achievements in 2018, such as reaching 100 percent renewable energy in its global facilities, shipping the two billionth iOS device, launching the Everyone Can Create curriculum, and more.

Top Rated Comments

Wig321 Avatar
25 months ago
So these are the 5 people that can afford iMac Pro’s.
Score: 13 Votes (Like | Disagree)
raskar Avatar
25 months ago
Destroying one of the biggest and most remarkable companies in the world and getting paid for it.
What a result Timmy
Score: 10 Votes (Like | Disagree)
mikethemartian Avatar
25 months ago
They should pay him in iTunes gift cards.
Score: 9 Votes (Like | Disagree)
69Mustang Avatar
25 months ago
Nice hustle if you can get it.
Score: 5 Votes (Like | Disagree)
Unity451 Avatar
25 months ago
Timmy's got a good job. Maybe if it opens up, I'll apply for it.
Score: 4 Votes (Like | Disagree)
nekton1 Avatar
25 months ago
par for course as member of obscene 1% club

http://www.bbc.com/capital/story/20190108-how-long-it-takes-a-ceo-to-earn-more-than-you-do-in-a-year
Score: 4 Votes (Like | Disagree)

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