Apple CEO Tim Cook Earned $10.3M in Fiscal 2015, Up From $9.2M in 2014

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Jan 6, 2016.

  1. MacRumors macrumors bot

    MacRumors

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    Apple CEO Tim Cook's compensation for fiscal 2015 was $10,281,327, according to a newly released SEC filing. That breaks down to a salary of $2 million, non-equity incentive compensation of $8 million, and other compensation of $280k. Cook earned approximately $1 million more than he did in fiscal 2014, when he brought in $9.2 million.

    Last year, with stock awards and hiring bonuses, Apple retail chief Angela Ahrendts earned $73 million, but in 2015, her compensation was $25.8 million, in line with other Apple executives, all of whom received $20 million in stock awards and $4 million in non-equity incentive compensation in addition to their $1 million salaries.

    Senior executives Bruce Sewell, Dan Riccio, Eddy Cue, and Luca Maestri all earned more than $25 million in 2015, numbers that do not include restricted stock units that vested in 2015. Over the course of the year, Tim Cook received 560,000 shares of stock worth over $57 million, Angela Ahrendts received 391,634 shares worth $50 million. Eddy Cue, Dan Riccio, Bruce Sewell, and Luca Maestri also had shares worth between $11 million and $38 million vest.

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    Under the guidance of Tim Cook, Apple had another record year, generating $233.7 billion in sales, an increase of 28 percent over 2014 and a new high for the company. Earnings per diluted share were at $9.22, up 43 percent from 2014. According to its October forecast, Apple expects to continue its record earnings streak into 2016, with projected revenue between $75.5 and $77.5 billion for the first quarter of 2016.

    Apple will announce its earnings for the first fiscal quarter of 2015 on Tuesday, January 26. MacRumors will provide live coverage of both the earnings release and the conference call.

    Article Link: Apple CEO Tim Cook Earned $10.3M in Fiscal 2015, Up From $9.2M in 2014
     
  2. Attirex macrumors regular

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    Annnnd, here we go.....(puts on helmet).....
     
  3. Mad Mac Maniac macrumors 68040

    Mad Mac Maniac

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  4. ProjectManager101 macrumors 6502

    ProjectManager101

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  5. Asarien macrumors regular

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    Meanwhile, Apple Store retail employees, who puts up with the most crap of anyone in the whole company, makes $16 per hour in San Francisco.
     
  6. garirry macrumors 65816

    garirry

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    Tim Cook be like "MONEY MONEY MONEY MONEY MONEY MONEY MONEY MONEY MONEEEEEY!!!!"
     
  7. gpat macrumors 6502a

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    So he earned $28219 on average each day, including the day in which he approved a MacBook with a single USB port.
    Well done, Tim.
     
  8. Klae17 macrumors 6502a

    Klae17

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  9. ProjectManager101 macrumors 6502

    ProjectManager101

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    Where I work I make more than the owners, there are titles that are very complex and can pay better OR they are negotiated differently. Sometimes you can arrange your own salary. Different variables once you are above everyone.
     
  10. Klae17 macrumors 6502a

    Klae17

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    Damn! That's a LOT. Wonder why it's so high?
     
  11. Nicky G macrumors 6502a

    Nicky G

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    I wouldn't normally say this about CEO compensation, but Tim actually seems like he's underpaid. Clearly he's bringing tremendous value to the company, which continues to be the largest (by market cap) and most profitable of any industry on the planet. Some CEOs get paid a LOT more than this, for doing highly questionable and even downright evil things. I wouldn't put Apple in that category, no matter what you want to say about Chinese labor, blah blah blah.

    GIVE TIM A RAISE! Or at least more stock!
     
  12. Rogifan macrumors P6

    Rogifan

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    MR, the graphic you're showing is from last years proxy statement.
     
  13. Asarien macrumors regular

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    You must not live in San Francisco.
     
  14. NachoGrande macrumors 6502a

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  15. Tamagotchi macrumors 6502

    Tamagotchi

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    I can't be the only one who thinks there should be some change in Apple. IMO Cook, Ive, and Cue need to be out and replaced to see what fresh, new, and motivated people can bring to the table.
     
  16. Nicky G macrumors 6502a

    Nicky G

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    This is indeed true. Jobs that VERY directly are associated with revenue generation are typically very highly paid. You know, for real companies that actually make and sell things, and not just BS financial services scams...
    --- Post Merged, Jan 6, 2016 ---
    I'd very much disagree about Cook, I'd mostly disagree about Ive... But yes, Cue really seems to be a drag on things, considering for a long time Apple's online "services" have been under him, and those are often the worst aspects of the Apple ecosystem...
     
  17. captain cadet macrumors 6502

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    So the Finance Officer, Peter Openheimar, gets paid almost 6x the amount of Tim Cook, the CEO... ouch
     
  18. Quu macrumors 68020

    Quu

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    I honestly thought they would pay themselves more given the amount of profits they generate.
     
  19. wesleypitts macrumors newbie

    wesleypitts

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    #19
    "Angela Ahrendts received 391,634 shares worth $50 million"

    Ugh. Srsly? Like for why?
     
  20. jclo Editor

    jclo

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    #20
    Oops. Swapping it out, thank you for the heads up.
     
  21. Nicky G macrumors 6502a

    Nicky G

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    True dat, although there are many people earning probably up to 50% LESS than $16/hour in San Fran.
     
  22. Rogifan macrumors P6

    Rogifan

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    Interesting that promoting Jony Ive to Chief Design Officer didn't require him to be a named officer of the company or have his salary reported. His salary has never been publicly reported with the SEC.
     
  23. Asarien macrumors regular

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    #23
    Cook doesn't need to make as much money. Virtually everything he does is categorized as a business expense, so I'm sure he barely spends his own money on anything.
     
  24. shareef777 macrumors 65816

    shareef777

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    Yeah, bring back John Sculley! /s
     
  25. Bubba Satori macrumors 601

    Bubba Satori

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    #24
    Yes it has.
    It's gone from a high of 133 last year to 100 today.
     
  26. mskill macrumors newbie

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