cook heroApple CEO Tim Cook earned over $11 million in salary in 2019 according to the 2019 proxy statement Apple filed with the SEC today.

Cook earned a base salary of $3,000,000 in addition to $7.7 million in incentives awarded for performance. Cook also received another $884k in "other compensation" for a total of $11,555,466.

Other compensation includes life term insurance premiums, contributions to a 401k plan, vacation cash out (totaling $92,000), $457,083 in security expenses, and $315,311 for his personal use of private aircraft.

Cook earned more than $4 million less than the $15 million he earned in 2018. The salary listed here does not include stock awards that were received in 2019, with Cook earning over $113 million from shares that vested in 2019.

appleemployeecompensation
Most other Apple executives received a base salary of close to $1 million, along with stock and incentives of $20 to $25 million. Luca Maestri, Kate Adams, and Jeff Williams earned over $25 million.

Angela Ahrendts, who left the company early in the year, earned $22 million, while her replacement, Deirdre O'Brien, earned $19 million.

All Apple executives earned significantly more than the median salary at Apple, which was $57,596 because of the large number of retail and support employees that work for Apple. Cook earned 201 times more than the average employee compensation.

The full proxy statement from Apple includes additional salary details, proposals that will be voted on at Apple's upcoming 2020 shareholders meeting set to be held on February 26, 2020.

Top Rated Comments

I7guy Avatar
19 months ago
Based on where Apple is today, he earned every penny.
Score: 27 Votes (Like | Disagree)
Narrator Jack Avatar
19 months ago
Write to Apple insisting they stop spending Billions buying back their own stock which mainly enriches the top executives...and without shareholder approval. That's money that could be spent on cutting prices on products, increasing one million serf wages paid to those building said products, paying stock dividends, and funding research and development.
Score: 11 Votes (Like | Disagree)
Abazigal Avatar
19 months ago
Haha. The other thread on Apple's stock price hasn't even cooled down and here's another article that's going to rile up the haters who think that Apple has lost its way.

But I do concur with [USER=863841]@I7guy[/USER] that Tim Cook has earned every penny. Different people are needed at different points in a company history. Jobs was right for his era, but I maintain that he would have been a disaster for the Cook era. Cook is amazing, and has been responsible for most of the achievements of Apple, albeit not the initial innovation and concept that Jobs provided. Rather, what Cook has done is refine Apple's culture and expanded it, and has done as fine a job as any CEO in American history, if not world business history.
Score: 9 Votes (Like | Disagree)
tridley68 Avatar
19 months ago
All that money and they still can't make a decent Mac Book Pro keyboard
Score: 6 Votes (Like | Disagree)
Abazigal Avatar
19 months ago

Write to Apple insisting they stop spending Billions buying back their own stock which mainly enriches the top executives...and without shareholder approval. That's money that could be spent on cutting prices on products, increasing one million serf wages paid to those building said products, paying stock dividends, and funding research and development.
Share buyback benefits everyone who holds Apple stock. Paying out more dividends would simply cause the shareholders to have to pay more tax, while a higher share price would still allow them to defer their taxable income to a time of their choosing (ie: when they do finally decide to sell their stock).

Past a certain point, I don't think throwing more money at R&D is going to yield better results. It would simply be throwing good money after bad.

As for lowering prices, Apple's margins have actually decreased in recent years.

And I am going to assume that Apple pays its staff competitive wages.

At the end of the day, Apple's ability to grab monopoly-like share of profits in the respective markets isn’t a result of there being an Apple Tax, but rather borne out of a design-led product strategy that ultimately marginalises entire industries.
Score: 6 Votes (Like | Disagree)
69Mustang Avatar
19 months ago
Get that bread Tim. You earned every dollar.
Score: 6 Votes (Like | Disagree)

Top Stories

Top Stories 63 Feature

Top Stories: Beats Studio Buds Announced, Apple Watch Series 7 Rumors, and More

Saturday June 19, 2021 6:00 am PDT by
The Apple news cycle started to move beyond WWDC this week, but that doesn't mean there still wasn't a lot to talk about, led by the official debut of the much-leaked Beats Studio Buds that might give us a hint of what to expect for the second-generation AirPods Pro. With no hardware announcements at WWDC, we also took a look at when we might finally see the long-rumored redesigned MacBook...
ios wifi settings

iOS Bug Causes Specific Network Name to Disable Wi-Fi on iPhones

Sunday June 20, 2021 4:15 am PDT by
A wireless network naming bug has been discovered in iOS that effectively disables an iPhone's ability to connect to Wi-Fi. Security researcher Carl Schou found that after joining a Wi-Fi network with the name "%p%s%s%s%s%n" his iPhone's Wi-Fi functionality was left "permanently disabled." Changing a hotspot's SSID did nothing to correct the problem, with even a reboot failing to make a...
macbook air orange

Apple Developing a Whole New Kind of MacBook Air

Monday June 21, 2021 2:15 am PDT by
Apple is believed to be working on a completely new, high-end version of the MacBook Air, according to recent reports. Bloomberg's Mark Gurman, who often reveals accurate insights into Apple's plans, has repeatedly discussed the company's work on a high-end MacBook Air. Apple analyst Ming-Chi Kuo and leaker Jon Prosser have also referred to a similar MacBook Air model. The high-end...
YouTube Picture in Picture Feature

YouTube Says iOS Picture-in-Picture Coming to All US Users

Friday June 18, 2021 9:41 am PDT by
After a long wait, YouTube for iOS is officially gaining picture-in-picture support, allowing all users, non-premium and premium subscribers, to close the YouTube app and continue watching their video in a small pop-up window. In a statement to MacRumors, YouTube says that picture-in-picture is currently rolling out to all premium subscribers on iOS and that a larger rollout to all US iOS...
maxresdefault

Video: 20 Annoyances Apple Fixed in iOS 15 and macOS Monterey

Friday June 18, 2021 11:36 am PDT by
With iOS 15 and macOS Monterey, Apple is adding several quality of life improvements, which are designed to address some of the complaints that people have had with these operating systems for years now. Subscribe to the MacRumors YouTube channel for more videos. In our latest YouTube video, we're highlighting some of our favorite "fix" features that address long-running problems in iOS and...
iOS 15 Users Underwhelmed Feature

Users Underwhelmed by iOS 15 and iPadOS 15, Survey Suggests

Monday June 21, 2021 7:17 am PDT by
Users appear to be underwhelmed by Apple's upcoming iOS 15 and iPadOS 15 updates, according to the findings of a new survey by SellCell. The survey asked 3,000 iPhone and iPad users, evenly split between men and women, aged 18 or over in the United States, what they thought of iOS 15, iPadOS 15, and the naming of the upcoming iPhone 13 lineup. Over 50 percent of all of the survey's...
purple iphone 12 and 12 mini

iPhone 12 Mini Production Reportedly Ended Earlier Than Expected Due to Relatively Low Sales

Monday June 21, 2021 7:07 am PDT by
Following widespread reports that the iPhone 12 mini has experienced poor sales performance, at least relative to other iPhone 12 models, Taiwanese research firm TrendForce today claimed that production of the device has already ended. According to TrendForce, the iPhone 12 mini "reached End-of-Life ahead of time" during the second quarter of 2021, suggesting that Apple will focus on selling ...
primeday2020 feature3

Amazon Prime Day: The Best Apple Deals

Monday June 21, 2021 6:15 am PDT by
Amazon's annual Prime Day event has officially kicked off today, beginning 48 hours of discounts, offers, and tons of savings across Amazon's storefront. This includes everything from home electronics to clothing, jewelry, video games, movies, and much more. Note: MacRumors is an affiliate partner with these vendors. When you click a link and make a purchase, we may receive a small payment,...
16 inch macbook pro m2 render

When Can We Expect the Redesigned MacBook Pros Now?

Wednesday June 16, 2021 7:11 am PDT by
With no sign of redesigned MacBook Pro models at this year's WWDC, when can customers expect the much-anticipated new models to launch? A number of reports, including investor notes from Morgan Stanley and Wedbush analysts, claimed that new MacBook Pro models would be coming during this year's WWDC. This did not happen, much to the disappointment of MacBook Pro fans, who have been...
space gray magic accessories trio

Apple Stops Selling Magic Accessories in Space Gray

Friday June 18, 2021 9:16 am PDT by
Apple this week stopped selling its Magic Keyboard with Numeric Keypad, Magic Mouse 2, and Magic Trackpad 2 accessories for the Mac in a Space Gray color, around three months after discontinuing the iMac Pro, which also came in Space Gray. Last month, Apple listed the Space Gray accessories as available while supplies last, and the company has now removed the product pages from its website...