Apple CEO Tim Cook's 2019 Compensation Totaled Over $133 Million
Apple CEO Tim Cook was the second highest paid CEO in the United States in 2019, according to Bloomberg's list of the highest paid CEOs and executives in 2019. Cook received compensation totaling $133,727,869 by Bloomberg's count.
Almost all of Cook's compensation was provided in the form of stock awards and related performance bonuses. As reported by the SEC earlier this year, Cook received a $3 million base salary with $7.7 million in incentives, with the rest coming from stock awards that vested during the year.
Tesla CEO Elon Musk was the number one highest paid CEO in the United States during the year, receiving close to $600 million. Charger Communications CEO Tom Rutledge, former acting CEO of CBS Joseph Ianniello, Chewy CEO Sumit Singh, and Blackstone Group COO Jonathan Gray all earned over $100 million.
As for other tech company executives, Alphabet CEO Sundar Pichai earned $86 million, Intel CEO Robert Swan earned $99 million, and Microsoft CEO Satya Nadella earned $77 million.
Cook regularly contributes to charity organizations and in the past said that he plans to give away the vast majority of his wealth.
Popular Stories
Apple today released several open source large language models (LLMs) that are designed to run on-device rather than through cloud servers. Called OpenELM (Open-source Efficient Language Models), the LLMs are available on the Hugging Face Hub, a community for sharing AI code. As outlined in a white paper [PDF], there are eight total OpenELM models, four of which were pre-trained using the...
Apple is set to unveil iOS 18 during its WWDC keynote on June 10, so the software update is a little over six weeks away from being announced. Below, we recap rumored features and changes planned for the iPhone with iOS 18. iOS 18 will reportedly be the "biggest" update in the iPhone's history, with new ChatGPT-inspired generative AI features, a more customizable Home Screen, and much more....
Apple has announced it will be holding a special event on Tuesday, May 7 at 7 a.m. Pacific Time (10 a.m. Eastern Time), with a live stream to be available on Apple.com and on YouTube as usual. The event invitation has a tagline of "Let Loose" and shows an artistic render of an Apple Pencil, suggesting that iPads will be a focus of the event. Subscribe to the MacRumors YouTube channel for more ...
Apple has dropped the number of Vision Pro units that it plans to ship in 2024, going from an expected 700 to 800k units to just 400k to 450k units, according to Apple analyst Ming-Chi Kuo. Orders have been scaled back before the Vision Pro has launched in markets outside of the United States, which Kuo says is a sign that demand in the U.S. has "fallen sharply beyond expectations." As a...
Apple is finally planning a Calculator app for the iPad, over 14 years after launching the device, according to a source familiar with the matter. iPadOS 18 will include a built-in Calculator app for all iPad models that are compatible with the software update, which is expected to be unveiled during the opening keynote of Apple's annual developers conference WWDC on June 10. AppleInsider...
Best Buy is discounting a collection of M3 MacBook Pro computers today, this time focusing on the 14-inch version of the laptop. Every deal in this sale requires you to have a My Best Buy Plus or Total membership, although non-members can still get solid second-best prices on these MacBook Pro models. Note: MacRumors is an affiliate partner with Best Buy. When you click a link and make a...
Top Rated Comments
While in general that may be good relevant questions are:
1. When will he give it away?
2. To whom will he give it? Will it be like Gates who gives to a foundation he controls?
3. Will it be like Gates, Buffett et al who are clamoring for higher estate taxes, yet will give remaining funds to their own foundations, thus avoiding all the taxes?
Charity is good, self-serving charity that is primarily virtue signaling while advocating for different treatment for others is less so.
Options are awards of options to purchase stock at a set price. Stock awards are giving actual stock.
So you could get 100 shares of APPL, and 100 options to purchase Apple during a 5 year period at $100/share (or whatever.)
I'm curious - whats the difference between option and stock awards?