Tim Cook's Compensation Was Comparatively Modest Among Highest-Paid CEOs of 2020

Apple CEO Tim Cook's 14 million dollar pay in 2020 was relatively modest, compared to other S&P 500 CEOs, according to the Wall Street Journal.

tim cook toronto star
In its annual ranking of CEO pay and compensation, the Wall Street Journal revealed that ‌Tim Cook‌ earned $14,769,259 last year, which is only slightly more than the median $13.4 million pay across the Standard and Poor's 500 (S&P 500) index. The Wall Street Journal also noted that Apple's median employee pay is $57,783.

Apple tops the entire S&P 500 with its value exceeding more than two trillion dollars, so it is surprising that Cook's pay is comparatively modest. Cook's pay rank is the 171st highest out of the S&P 500 CEOs, even though Apple makes up six percent of the entire index.

An increasing number of CEO compensation packages are tied to stocks as boards look to tie executive pay to the fortunes of company shareholders. Although Apple's one-year return for shareholders was 109 percent in 2020, Cook's pay only increased by 28 percent.

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

The highest-paid CEO was Paycom Software's Chad Richison, who earned more than $200 million. Seven CEOs were given compensation valued at more than $50 million last year, compared with just two in 2019 and three in 2018. Twenty-four S&P 500 CEOs made less than five million dollars last year, including Tesla's Elon Musk, who reported zero pay, and Twitter's Jack Dorsey, who earned just $1.40.

Top Rated Comments

fwmireault Avatar
8 months ago

500 CEOs made less than five million dollars last year, including Tesla's Elon Musk, who reported zero pay, and Twitter's Jack Dorsey, who earned just $1.40.
Poor Jack Dorsey. He can’t even subscribe to his own 3$/month Twitter Blue :’(
Score: 34 Votes (Like | Disagree)
guzhogi Avatar
8 months ago

Apple's median employee pay is $57,783.
For a company worth about $2 trillion and brings in $billions in profit every year, that’s actually pretty sad.
Score: 23 Votes (Like | Disagree)
Techwatcher Avatar
8 months ago

For a company worth about $2 trillion and brings in $billions in profit every year, that’s actually pretty sad. Especially (correct me if I’m wrong) considering its headquarters is in a place with a high cost of living
I believe this includes everything like the retail workers around the world. This isn't just HQ.
Score: 18 Votes (Like | Disagree)
dapa0s Avatar
8 months ago
Man I hope he stays at Apple for as long as possible, great CEO!
Score: 17 Votes (Like | Disagree)
manu chao Avatar
8 months ago

Even then, less than $58,000 as a median for all employees? Ignoring Tim Cook, other c-level and high-level executives, all of which probably make $millions in salary and benefits a year, that means the median for everyone else even less.
How much the C-suite earns has zero effect on the median salary. It only affects the average salary.
Score: 10 Votes (Like | Disagree)
BvizioN Avatar
8 months ago
Only 1.16 million a month? Poor Tim...!!
Score: 9 Votes (Like | Disagree)

Related Stories

tim cook interview with cbs 6 20

Tim Cook Calls for a 'Durable and Hopeful Future For All' in Wall Street Journal Op-Ed

Friday March 19, 2021 3:12 am PDT by
Apple CEO Tim Cook has penned an op-ed for the Wall Street Journal, calling for more action to be taken against systemic racism and the need to speak up in light of the disproportionate impact that the pandemic has had on communities. Cook's piece highlights how the pandemic has impacted various communities differently and draws on his personal experience of growing up during the civil...
maxresdefault

Apple CEO Tim Cook and Malala Yousafzai Talk Coding, Activism and More

Thursday June 3, 2021 12:04 pm PDT by
Apple CEO Tim Cook and Malala Yousafzai recently sat down for an interview as part of British Vogue's Conversation series, where the two talked about life after COVID, Yousafzai's and Apple's activism, the importance of education and learning to code, and more. Apple has partnered with the Malala Fund to support girls' education, helping the organization by assisting with technology,...
Tim Cook Feature Yellow

Apple CEO Tim Cook Testifies in Epic Games v. Apple Trial

Friday May 21, 2021 8:48 am PDT by
Today is the one of the last days of the Epic Games v. Apple trial, and Apple CEO Tim Cook has taken the stand to ask questions levied by both Apple and Epic lawyers. Cook's testimony won't be integral to the outcome of the trial, but what he has to say is of interest because this is the first time that he's testified in a legal case, which highlights the serious nature of this dispute....
1400x 1

Tim Cook to Speak at 'Europe's Biggest' Upcoming Tech Event Between June 16 and 19

Wednesday June 2, 2021 4:05 am PDT by
Apple CEO Tim Cook will be one of the speakers at the upcoming "Viva Technology" conference, being held digitally and physically between June 16 and June 19, according to a tweet from the conference's official page (via iMore). Based out of Paris, France, the conference is an opportunity to break down "traditional barriers between grassroots innovators and global leaders" and is "Europe's...
tim cook mark zuckerberg

Tim Cook Urged Mark Zuckerberg to Delete User Data From 3rd Party Apps in Private 2019 Meeting

Monday April 26, 2021 4:33 am PDT by
At a private meeting on the sidelines of an informal gathering of tech and social media executives in July of 2019 in Sun Valley, Idaho, Apple CEO Tim Cook urged Facebook CEO and founder Mark Zuckerberg to delete all user information his company has collected from third-party apps, according to The New York Times. According to the Times, the executives met annually at the conference...
tim cook apple park

Apple CEO Tim Cook 'Can't Wait' for Employees to Return to In-Person Work

Thursday March 18, 2021 10:16 am PDT by
Apple CEO Tim Cook is eager for employees to return to the office following the pandemic and in an interview with People, he said he anticipates Apple implementing a "hybrid environment" to return to in-person work. Cook said that it's important for people to "physically be in touch" because you can't plan collaboration and innovation."Innovation isn't always a planned activity," Cook adds....
apple park drone june 2018 2

Apple Employees Asked to Return to Offices for Three Days a Week Starting in September

Wednesday June 2, 2021 3:58 pm PDT by
Apple corporate employees will be returning to the office for three days a week starting in early September, Apple CEO Tim Cook told workers today in a memo that was seen by The Verge. "For all that we've been able to achieve while many of us have been separated, the truth is that there has been something essential missing from this past year: each other," Cook said in the memo. "Video...
aapl logo banner

Apple Ranks Third in Annual Fortune 500 List With $275 Billion Revenue

Wednesday June 2, 2021 7:47 am PDT by
Apple has regained its third-place position in the annual Fortune 500 rankings of the largest companies in the United States by revenue. Apple earned $274.5 billion in revenue in the last fiscal year, an increase of 5.5 percent, and made $57.4 billion in profit, a 3.9 percent increase. Last year, Apple fell to fourth place, but now the company returned to third place, only surpassed by...

Popular Stories

AirPods Pro Gen 3 Mock Feature Red

AirPods Pro 2 Could Start a New Accessory Ecosystem

Friday January 14, 2022 2:34 am PST by
Apple's second-generation AirPods Pro could arrive alongside a new series of accessories, recent leaked images suggest. Alleged leaked photos of the next-generation AirPods Pro obtained by MacRumors showed a charging case with a metal loop on the side for attaching a strap. Apple has not used this design for any of its other AirPod models and it is unclear why it would be added in this...
netflix2

Netflix Again Raises Prices for All Plans, 4K Streaming Now $20 Per Month

Friday January 14, 2022 12:46 pm PST by
Netflix today updated the prices for its streaming plans, and all of its offerings are now more expensive. The Basic plan is now priced at $9.99 per month, the Standard plan is priced at $15.49 per month, and the Premium plan is priced at $19.99 per month. The Basic plan is $1 more expensive, up from $8.99 per month. This plan allows users to watch on just one screen at a time, and it limits ...
iPhone 14 Mock pill and hole 16x9 120hz

Analyst: All iPhone 14 Models to Feature 120Hz Displays, 6GB of RAM, and More

Friday January 14, 2022 7:02 am PST by
Apple is rumored to announce four new iPhone 14 models in September, and ahead of time, analyst Jeff Pu has outlined his expectations for the devices. In a research note with Haitong International Securities, obtained by MacRumors, Pu claimed that all iPhone 14 models will feature ProMotion displays, compared to only Pro models currently. ProMotion enables a variable refresh rate up to 120Hz ...
Unlikely Products 2022 Feature

Six Rumored Apple Products You're Unlikely to See This Year

Saturday January 15, 2022 2:06 pm PST by
Much has been said about what consumers could see from Apple in 2022, but the company is also working on a handful of rumored products that aren't expected to be unveiled for at least another 12 months, and in some cases a lot longer. Of course, that's assuming they get released at all. Apple works on many potential products some of which ultimately never see the light of day. With that in...
top stories 20220115

Top Stories: iPhone 14 Pro Rumors, iCloud Private Relay Controversy, iOS 15.2.1 Released, and More

Saturday January 15, 2022 6:00 am PST by
Hole-punch? Pill? Hole-punch and pill? Rumors about what the front camera system on the iPhone 14 Pro will look like are evolving rapidly, and it now appears we might be getting a novel but potentially controversial design later this year. Other major stories this week included some confusion and controversy about iCloud Private Relay being disabled for some T-Mobile customers, increasing...
iPhone 14 Mock pill and hole thumb

ProMotion Now Expected to Remain Exclusive to iPhone 14 Pro Models, Not Expand to Entire Lineup

Sunday January 16, 2022 8:56 am PST by
Continuing the tradition set with the iPhone 13 Pro, only the highest-end iPhone 14 models will feature Apple's ProMotion display technology, according to a respected display analyst. Ross Young, who on multiple occasions has detailed accurate information about Apple's future products, said in a tweet that ProMotion will not be expanded to the entire iPhone 14 lineup and will remain...
iPad Pro Big Ol Logo Orange

Next iPad Pro Might Feature Large Glass Apple Logo to Allow Wireless Charging

Friday January 14, 2022 10:44 am PST by
Bloomberg's Mark Gurman and Debby Wu last year reported that Apple had tested a new iPad Pro with a glass back for wireless charging capabilities. In a recent edition of his newsletter, Gurman said he expects the new iPad Pro to be released in 2022. While the new iPad Pro is still on track to feature wireless charging, 9to5Mac's Filipe Espósito today reported that Apple may have ultimately...
ipad air 4 video

New iPad Air Rumored to Launch This Spring With A15 Chip, 5G, Center Stage Camera, and More

Saturday January 15, 2022 8:05 pm PST by
Apple is planning to release a fifth-generation iPad Air with similar features as the sixth-generation iPad mini, including an A15 Bionic chip, 12-megapixel Ultra Wide front camera with Center Stage support, 5G for cellular models, and Quad-LED True Tone flash, according to Japanese blog Mac Otakara. Citing reliables sources in China, the report claims that the new iPad Air could be...