Author: Onno, posted at –
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Working as an employee can be lucrative, just ask Apple CEO Tim Cook who raked in a monster salary in 2021.
Apple is it most valuable company in the world on the stock exchange. The CEO of the company must therefore receive a nice salary, I hear you think. And that is of course true. Tim Cook has been CEO for ten years and has made nearly $100 million in the past year . Not bad for an employee!
Apple CEO gets a sample salary
This is approximately 88.5 million euros. He was able to credit this to his bank account in 2021. However, the largest part of this amount was paid out in shares. His base salary has been $3 million a year for years. He received additional shares in 2021, because he led the company for ten years. In comparison: in 2020 he received a ‘pale’ reward of 15 million dollars. So, last year was a good year for Cook.
In addition to the $3 million mentioned above, he was awarded $12 million because the company has achieved for sales and operating profit. He also received shares worth $82 million. They can also rise or fall further. He may not sell these shares directly. Of all the shares he has received in the past year, he is allowed to sell 5 million. This amounts to more than $750 million.
The CEO of Apple must be properly secured. $1.4 million was earmarked for this in 2021. This amount also includes the use of private aircraft. Cook is also required by the board to use these planes when he is not working. If you consider that, then the amount is not too bad. Or he just flies little, that’s also possible.
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