Apple CEO Tim Cook Earned $74.6 Million in 2024

[MacRumors]

Apple CEO Tim Cook earned $74.6 million in 2024, up from $63.2 million in 2023, Apple said in its annual proxy filing.

Cook's earnings included a $3 million base salary, $58 million in stock awards, $12 million in performance-based awards, and $1.5 million in other compensation, such as 401(k) contributions, life insurance premiums, vacation cash-out, security expenses, and personal air travel expenses. Cook is required by Apple to use private aircraft for both business and personal travel.

Apple set a target compensation of $59 million for Cook, but Cook earned more through the cash incentive payout that executives receive when Apple performs well.

Though Cook's 2024 compensation exceeded what he earned in 2023, it was still down from the $99 million that he was awarded in 2022. Cook and the Board of Directors opted to decrease Cook's total compensation after his 2022 earnings reached almost $100 million.

Other Apple executives, including Luca Maestri, Kate Adams, Deirdre O'Brien, and Jeff Williams, earned $27.2 million.

Article Link: Apple CEO Tim Cook Earned $74.6 Million in 2024

 

[orbital~debris]

That's quite a bit…

 

[iLuddite]

Rookie numbers

 

[jz0309]

stock performance ...

 

[sza]

That’s why he doesn’t want to retire.

 

[alaero]

Pfft amateur hour

 

[Cameront9]

Remember when Steve technically had a $1 salary?

 

[fathergll]

Remember when Steve technically had a $1 salary?

 

[blahbar]

No, he was *paid* that much. He didn't *earn* that much.

 

[Apple Fan 2008]

No, he was *paid* that much. He didn't *earn* that much.

He's the CEO of a multi trillion dollar company, yeah, he earned it.
You people act like management is easy.

 

[JohnC1959]

And don't forget that Christmas bonus.

 

[LeeW]

It doesn't seem unreasonable if you benchmark against CEOs who get more for their companies performing worse than they did last year.

 

[JapanApple]

It’s good to be an apple shareholder life is good.

 

[mxrider88]

It works out to roughly $100 per bug on iOS and macOS.

 

[dannyyankou]

Remember when Steve technically had a $1 salary?

That’s to reduce their tax burden. It’s not out of the goodness of their heart.

 

[SamboSoul]

Possible. But nobody is worth that much. You take any one at Apple from Senior Management and they work ‘harder’ than any CEO. CEO are there to represent, be the face of the company and make strategic decisions that set the course of the company for years to come.

 

[God of Biscuits]

He's the CEO of a multi trillion dollar company, yeah, he earned it.
You people act like management is easy.

no one earns that much.

 

[DELLsFan]

I expect the company (with whom I have irrevocably tethered my livelihood) to be managed well. Tim Cook is no Steve Jobs, but he isn't steering the ship aground. Pay the man.

This said, I also expect Apple to continue to innovate instead of just 'upgrading' their products with simply more ram and better processors. Let's not prove Newton's First Law Of Motion, Mr. Cook.

 

[McWetty]

I am thrilled he’s going to donate most of it to charity when he retires.

 

[Devyn89]

He's the CEO of a multi trillion dollar company, yeah, he earned it.
You people act like management is easy.

It’s not 1,480x as hard as working as a store employee, which, assuming they make $50,000 (probably higher than a lot of them make for it was a round number so I went with it) he earned that much more.

 

[tridley68]

Sorry To hear he is barely making ends meat.

 

[Alwaysfindsaway]

No wonder he thinks “normal” people can afford an Apple Vision Pro. Absolutely out of touch with reality if that’s what he is payed!!

 

[citysnaps]

no one earns that much.

Cook certainly earns his salary. He drives one of the most successful tech companies in the world, with 164,000 employees, selling 600,000 iPhones per day (on the average), and having 1+ Billion active and repeat Apple customers who love and purchase Apple products year after year after year.

And speaking of Apple employees... while other tech companies (google, Meta, Microsoft, LinkedIn, Yahoo, HP, Dropbox, Qualcomm, Cisco, Infineon, Intel, Intuit, Pixar, IBM, Expedia, Salesforce, eBay, Amazon, etc., etc.) had massive layoffs starting a few years ago, Apple had none.

 

[klasma]

That’s about 33¢ per iPhone sold.

 

[Mrkevinfinnerty]

Did he buy a Vision Pro? Be honest..