Apple CEO Tim Cook Earned $14.8 Million in 2020, Not Counting Stock Awards

Apple CEO Tim Cook earned more than $14 million in salary in 2020 according to the 2020 proxy statement that Apple filed with the SEC this afternoon.

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Cook earned a base salary of $3,000,000 in addition to $10,731,000 in incentives awarded for performance. Apple's performance exceeded the target performance goals for net sales and operating income, leading to a total payout of 179 percent of the total payout opportunity for Cook and other Apple executives.

Cook also received $1,038,259 in "other compensation" for a total of $14,769,259. This includes $17,100 in 401(k) contributions, term life insurance payments, a $115,385 vacation cash out, security expenses in the amount of $470,246, and $432,564 in personal air travel expenses. Apple requires Cook to use a private airplane for security reasons.

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In 2019, Cook earned $11.5 million, receiving less under Apple's incentive plan compensation. Cook's 2020 compensation package does not include stock benefits. Cook in September received restricted stock units worth more than $100 million to ensure that he remains Apple's CEO through 2025. Cook also sold $131.7 million in Apple stock in August 2020.

Over the course of 2020, Cook's net worth climbed to over $1 billion, according to calculations from Bloomberg.

Other Apple executives, including Luca Maestri, Kate Adams, Deidre O'Brien, and Jeff Williams received over $26 million each.

Top Rated Comments

Turnpike Avatar
43 months ago
Probably one of the few CEO's that can justify almost anything he's being paid. As far as Apple the company is concerned, he does as good a job as anyone could.
Score: 29 Votes (Like | Disagree)
farewelwilliams Avatar
43 months ago
Craig needs a raise tho
Score: 21 Votes (Like | Disagree)
iisdan Avatar
43 months ago
Earned every penny
Score: 14 Votes (Like | Disagree)
Apple_Robert Avatar
43 months ago

This is why no charger included anymore. It has nothing to do with saving the world environment.
Logical fallacy alert.
Score: 8 Votes (Like | Disagree)
SubduedTiger Avatar
43 months ago
Oh good. He can spring for the extra fennel pollen on his wagyu beef.
Score: 7 Votes (Like | Disagree)
now i see it Avatar
43 months ago
That picture is ancient.
He's squirreled away so many hundreds of millions of dollars over the years that it's meaningless now. He could get a bonus for 1 billion dollars and it wouldn't change his life one tiny bit.
There comes a point were more is nothing. TC reached that milestone a long time ago
Score: 6 Votes (Like | Disagree)

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