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

Apple 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.


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.



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9 months ago
So these are the 5 people that can afford iMac Pro’s.
Rating: 13 Votes
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9 months ago
Destroying one of the biggest and most remarkable companies in the world and getting paid for it.
What a result Timmy
Rating: 10 Votes
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9 months ago
They should pay him in iTunes gift cards.
Rating: 9 Votes
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9 months ago
Nice hustle if you can get it.
Rating: 5 Votes
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9 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


Some of these comments are so tragically naive. Your primary care physician, the partners at your accounting firm or maybe your lawyer are the people most likely to be part of this “nefarious” 1% club. Tim Cook belongs, in many ways, to a 1 in 7 billion club, having led a company to become the first to be publicly valued at one trillion dollars. (Who cares if it’s not worth exactly that much right now, that’s not the point.) In terms of intellect and ability, only one male or female like him is born for every 10,000 people (likely higher). That just is what it is. The ultimate lottery is the one you don’t actually play, at the moment of your birth. Given husband talent, ambition and everything else he was lucky enough to achieve, should he really be making what Bob down at the auto shop is making, Lear we live in an unfair, unjust and cruel society? If you want to be completely pedantic about it, then I think it’s fair that he earns more than, say, every 9,999 people. You can do the math if you want that number. Or, if you’re Tim Cook you probably did it in your head before finishing the sentence. It’s odd to me that people simply cannot accept *anything* that falls more than one or two standard deviations outside their tiny slice of human experience.

Given the value that Tim Cook has contributed at Apple—keeping in mind that simply not sinking the ship, or keeping in on a steady course is of massive value by itself—an annual salary of less than $20 million dollars is absolutely nothing.

If you want to feel righteously judgemental, try and find the very well hidden executives who lead corporations that engage in the international arms trade, or in mercenary contract work. Or fracking. There are people out there making a **** ton more than Tim, doing things so horrific they pay 10’a of millions just to keep it all out of the press. In fact, we won’t know about a lot of what these completely amoral/immoral f***s are doing until 100’s or 1,000’s of people start dying in specific communities for “no reason.” Or an obscure Top Secret internal government report ties the illegal sale of arms by a greedy U.S. corporation (guided by a small, brutally profit-driven team) to a “terrorist group” that went on to murder 20,000 (or so) people during a conflict like the current Saudi-Yemeni s***show.

I know it’s tempting to want to publicly stone Tom Cook since he’s made “so much money!” but keep in mind that of all of those making serious money like that, he’s not a bad guy. (As far as I know—plus, I don’t think he has the time to be truly evil anyway.)
Rating: 4 Votes
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9 months ago

Now if only these execs would pay their fair share in taxes. Flat tax for everyone. He can pay 20% of his total income for the year, and I’ll pay mine. Though my $400 won’t add much to the American infrastructure issues at hand. But theirs might?


If Mr. Cook only had to pay 20% in income taxes on the compensation he gets from Apple, that would likely represent quite a large reduction in his taxes. He had over $60 million withheld for tax purposes back in August when his shares vested.
Rating: 4 Votes
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9 months ago
Timmy's got a good job. Maybe if it opens up, I'll apply for it.
Rating: 4 Votes
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9 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
Rating: 4 Votes
Avatar
9 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


Yeap and utterly disgusting, the gap between the 1% and everyone else is absolutely obscene! Disgraceful humans as a whole have allowed this.. but that’s IMO. Cooks not worth that much, not by a long shot..
Rating: 3 Votes
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9 months ago

Yeap and utterly disgusting, the gap between the 1% and everyone else is absolutely obscene! Disgraceful humans as a whole have allowed this.. but that’s IMO. Cooks not worth that much, not by a long shot..

If you worked for the money (sure you may not like his method or running Apple) then you worked for it. It’s yours. Anyone with the work ethic can become CEO. Limiting people’s earnings will not change a thing.
Rating: 3 Votes
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