Apple Boss Tim Cook Earned $125 Million in 2019
Tim Cook, Apple’s CEO has been reported to have earned over $125 million (£95 million) in the 2019 fiscal year.
Cook was paid a $3 million salary, around $7.7 million in bonuses and $884,466 in added perks and other compensation. All in all, it is still less than the previous fiscal year’s total ($136 million), mostly due to a lower bonus, but it is still one of the largest executive salaries in the world.
According to official SEC filings, the CEO also had $113.5 million worth of Apple stock vest. Cook currently owns around $400 million in unvested Apple shares.
Other executives also received large payouts, though all declining from the previous year. COO Jeff Williams, CFO Luca Maestri and General Counsel Kate Adams saw their relevant bonuses decline from $4 million to $2.6 million, just like Cook’s, because Apple didn’t beat its sales and operating income targets by as much as 2018’s fiscal year.
On the topic of Tim Cook’s large fortune, part of his aforementioned Apple shares ($2 million worth) was donated to an undisclosed charity last week, and the CEO has revealed he will be donating the majority of his wealth before he dies.
