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

[MacRumors]

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.

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.

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.

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

 

[farewelwilliams]

Craig needs a raise tho

 

[Turnpike]

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.

 

[SubduedTiger]

Oh good. He can spring for the extra fennel pollen on his wagyu beef.

 

[adamjackson]

Oh good. He can spring for the extra fennel pollen on his wagyu beef.

while not confirmed, I'd assume Tim doesn't eat beef but that's just a hunch.

 

[ghanwani]

I think he should demand moar.

 

[jdclifford]

This is why no charger included anymore. It has nothing to do with saving the world environment.

 

[Cosmosent]

I don't think he will remain Apple's CEO for much longer.

I think he will pivot to working for Biden AFTER the virus pandemic has (mostly) subsided, which could be late Summer, if ALOT of things go right.

 

[iisdan]

Earned every penny

 

[SubduedTiger]

while not confirmed, I'd assume Tim doesn't eat beef but that's just a hunch.

I know you Googled, “does Tim Cook eat beef?” right before you posted this. I saw it show up in the trending searches.

 

[luvbug]

Hey, a $million isn't what it used to be! Really.

 

[now i see it]

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

 

[marcelvelky]

Craig needs a raise tho

indeed

 

[PJM82]

I don't think he will remain Apple's CEO for much longer.

I think he will pivot to working for Biden AFTER the virus pandemic has (mostly) subsided, which could be late Summer, if ALOT of things go right.

Something tells me 2025 seems more likely...

 

[BeefCake 15]

Deserves it!

 

[dogslobber]

What did Cook do to actually deserve this? Somebody like Eddy Cue would take Apple to the next level.

 

[Apple_Robert]

This is why no charger included anymore. It has nothing to do with saving the world environment.

Logical fallacy alert.

 

[LeadingHeat]

a $115,385 vacation cash out, ...

Hahaha wow that alone is awesome. Tim deserves every cent of this, great leadership and nobody can argue that he isn’t doing great things for Apple financially since he took the helm.

 

[Apple_Robert]

Earned every penny

I think Tim has done a very good job at the helm. I don't try and compare him to Steve or anyone else. He is judged on his own actions, or lack thereof.

 

[xnu]

I am critical of some of the things Apple does from time to time, BUT, hard to argue they are not one of the best run companies in the world. So thank you Tim, to your continued success!

 

[WiseAJ]

What did Cook do to actually deserve this? Somebody like Eddy Cue would take Apple to the next level.

And what would Eddy do differently besides fall asleep and attend golden state games?

 

[4jasontv]

I see. I hope this will make up for his terrible 2019.

 

[SAIRUS]

Craig needs a raise tho

Craig is that you?

 

[GreenPixel]

What did Cook do to actually deserve this?

Ran a freaking trillion-dollar company.

 

[TheYayAreaLiving 🎗️]

Craig for CEO please!