Apple CEO Tim Cook Earned $9.2M in Fiscal 2014, Doubling 2013 Compensation

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Apr 12, 2001
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Apple CEO Tim Cook's compensation for fiscal 2014 was $9.22 million, according to a newly released SEC filing. That breaks down to a salary of $1.7 million and non-equity incentive compensation of $6.7 million, double the $4.3M compensation he received in 2013.

Apple's newest executive hire, Angela Ahrendts, received $73 million in cash and stock. That includes a $400,000 salary, a $500,000 bonus, and $70 million in stock. Ahrendts, who joined Apple in May of 2014, was previously making $37 million at Burberry, and her offer package included an RSU award with a value of $37 million to compensate her for her unvested Burberry awards along with an RSU award of $33 million as a new Apple hire.

As for other Apple executives, Eddy Cue and Jeff Williams made over $24 million in stock awards, salary, and non-equity incentive plan compensation. Peter Oppenheimer earned $4.5 million, and Luca Maestri, Apple's new CFO, received $14 million.

Apple had a record year under the guidance of Tim Cook, generating $182.8 billion in sales with $38.5 billion in net income in fiscal 2014, a new high for the company. According to its October forecast Apple expects to see revenue between $63.5 and $66.5 billion for the first quarter of 2015.

Apple will announce its earnings for the first fiscal quarter of 2015 on Monday, January 27. MacRumors will provide live coverage of both the earnings release and the conference call.

Article Link: Apple CEO Tim Cook Earned $9.2M in Fiscal 2014, Doubling 2013 Compensation
 

Locoboof

macrumors 65816
Jun 8, 2008
1,177
158
Bay Area,Cali
Apple CEO Tim Cook Earned $9.2M in Fiscal 2014, Doubling 2013 Compensation

Considering his position,that's surprisingly low to me.
 

Serban

Suspended
Jan 8, 2013
5,159
926
He is...someone who has 1 cent above you, makes you poorer than the other person. Definition black on white

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I don't know on any other company that the MAIN CHIEF to have less than others from the same company
 

randyj

macrumors regular
Aug 23, 2004
173
206
I think he is doing a great job.
Where are his stock bonuses?
Must be a bit weird to be earning less than other execs when you are the boss...
 

paul4339

macrumors 65816
Sep 14, 2009
1,404
666
so Tim Cook is poorer than Angela Ahrendts or Eddy Cue ???
The above figures is what the person awarded this year, not what they own. Remember Cook was awarded a 1 million share grant when he took over as CEO (this was in addition to the shares he owned before as COO).

the 1 million allocation of shares was counted towards his 2011 salary (which was $376 million).


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teslo

macrumors 6502a
Jun 9, 2014
928
598
if steve jobs had been the CEO to replace steve jobs, he would have made twice that amount.
 

IJ Reilly

macrumors P6
Jul 16, 2002
17,889
1,478
Palookaville
Hmm, Kobe Bryant makes 23.5 million this year to dribble and shoot a basketball!:eek: What is the world coming to?
"Them that's gots is them that gets." Tell us, Brother Ray.

Anyway, FWIW, the stock compensation numbers are a tad deceiving. A large portion of the RSUs are performance-based and vest over time, meaning the executive has to remain with the company for a number of years to receive those grants.
 

bigjohn

macrumors 6502
Oct 1, 2000
442
26
Monrovia, CA
i hope the youth of today see that there's a way to make serious cash without being an athlete or entertainer. finish school.
 

littyboy

macrumors 6502a
Jun 12, 2009
679
860
Not surprised especially since he gave consumers less while charging more = more profit.
 

mikefla

macrumors 6502
Feb 27, 2011
443
50
Not bad at all, how do I get into this? I'd be happy even with the .2 out of the 9 Mil.

-Mike
 

Even Longer

macrumors 6502
Dec 12, 2012
461
385
Head of a pin
He got a crap-ton of stock in the previous year that has been on the up-swing of late, so let's not feel to bad for him.



"poor" is not a word I would ever use in comparison of any of those people.
That is surely correct, but still is this amount very moderate compared to 84 Million of Satya Nadella's salary ;), - and I am sure he's got a certain amount of MS shares as well.
 
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