Apple CEO Tim Cook Earned Over $15 Million in 2018, Not Counting Stock Awards

[MacRumors]

Apple CEO Tim Cook earned more than $15 million in salary in 2018 according to the 2018 proxy statement Apple filed with the SEC today.

Cook earned a base salary of $3 million along with $12 million in incentives awarded for performance-based reasons, and another $682,000 in unspecified "Other Compensation." Cook earned a total of $3 million more than he did in 2017.

Cook's listed salary does not include stock awards that he received in 2018, and when taking that into account, he earned an additional $121 million. In the future, Cook is set to receive stock worth upwards of $189 million as shares vest.

Other Apple executives received a base salary of $1 million, along with bonuses of more than $25 million. Angela Ahrendts, Jeff Williams, Luca Maestri, and Kate Adams, Apple's general counsel, all earned over $26 million in 2018, stock awards included.

All Apple executives are earning well over the median salary at Apple, which was $55,426 owing to the large number of retail and support employees that work for Apple. At almost $16 million, Cook earns 283 times what the median Apple employees do.

Apple's full proxy statement contains additional salary details, proposals that will be voted on at the shareholders meeting in March, and information on Apple's achievements in 2018, such as reaching 100 percent renewable energy in its global facilities, shipping the two billionth iOS device, launching the Everyone Can Create curriculum, and more.

Article Link: Apple CEO Tim Cook Earned Over $15 Million in 2018, Not Counting Stock Awards

 

[KPandian1]

Does he have to give back the extra bonus he got for the stock market boom of 2018?

 

[69Mustang]

Nice hustle if you can get it.

 

[Unity451]

Timmy's got a good job. Maybe if it opens up, I'll apply for it.

 

[nocturnum]

Just ... bizzare. Negative selection at its best.

 

[nekton1]

par for course as member of obscene 1% club

http://www.bbc.com/capital/story/20190108-how-long-it-takes-a-ceo-to-earn-more-than-you-do-in-a-year

 

[Enclavean]

Honestly thought he earned more

 

[ccsicecoke]

I thought he is on $1 salary

 

[nekton1]

No stock options in that year. When he gets them, it is a LOT more.

 

[coachgq]

Now if only these execs would pay their fair share in taxes. Flat tax for everyone. He can pay 20% of his total income for the year, and I’ll pay mine. Though my $400 won’t add much to the American infrastructure issues at hand. But theirs might?

 

[apolloa]

par for course as member of obscene 1% club

http://www.bbc.com/capital/story/20190108-how-long-it-takes-a-ceo-to-earn-more-than-you-do-in-a-year

Yeap and utterly disgusting, the gap between the 1% and everyone else is absolutely obscene! Disgraceful humans as a whole have allowed this.. but that’s IMO. Cooks not worth that much, not by a long shot..

 

[raskar]

Destroying one of the biggest and most remarkable companies in the world and getting paid for it.
What a result Timmy

 

[Carnegie]

Honestly thought he earned more

He also got about $120 million worth of Apple stock in August.

That wasn’t reported as compensation for 2018 because it was from an RSU grant he originally received in 2011.

 

[Enclavean]

He also got about $120 million worth of Apple stock in August.

That wasn’t reported as compensation for 2018 because it was from an RSU grant he originally received in 2011.

Thaaaaats more like it

 

[Carnegie]

No stock options in that year. When he gets them, it is a LOT more.

He did receive stock as part of his compensation in 2018. (Apple does RSUs though, not stock options.) At the time his shares vested in August, they were worth about $120 million.

 

[G3Blue]

So these are the 5 people that can afford iMac Pro’s.

 

[Carnegie]

Now if only these execs would pay their fair share in taxes. Flat tax for everyone. He can pay 20% of his total income for the year, and I’ll pay mine. Though my $400 won’t add much to the American infrastructure issues at hand. But theirs might?

If Mr. Cook only had to pay 20% in income taxes on the compensation he gets from Apple, that would likely represent quite a large reduction in his taxes. He had over $60 million withheld for tax purposes back in August when his shares vested.

 

[44267547]

Honestly thought he earned more

.....Which doesn’t include stock awards either. It’s a lot more than just 15 million.

 

[mariusignorello]

Yeap and utterly disgusting, the gap between the 1% and everyone else is absolutely obscene! Disgraceful humans as a whole have allowed this.. but that’s IMO. Cooks not worth that much, not by a long shot..

If you worked for the money (sure you may not like his method or running Apple) then you worked for it. It’s yours. Anyone with the work ethic can become CEO. Limiting people’s earnings will not change a thing.

 

[DeepIn2U]

Nice hustle if you can get it.

Hustle is ALL this is!

$1 million Salary + 21 Million in Stock offerings (wait 1-5yrs for them to vest for cash in) + Salary compension + another double digit in th $10s of thousands for "other compensation"?! THE FRAK is OTHER COMPENSATION FOR!? How does one at Apple even GET THIS!?
^Angela's for reference.

IS this the compensation that ïf you continue to lie and NOT be stupid to use email for under the wrong side of doing things so nobody gets caught under investigation you get this paid!! ???

WTF is this öther compensation really about?!

 

[sdwaltz]

That’s seriously it? 15 million? That’s it?

No sarcasm. He’s running the biggest company in the world. I figured it’d be closer to 30.

 

[mikethemartian]

They should pay him in iTunes gift cards.

 

[69Mustang]

That’s seriously it? 15 million? That’s it?

No sarcasm. He’s running the biggest company in the world. I figured it’d be closer to 30.

From the article:

Cook's listed salary does not include stock awards that he received in 2018, and when taking that into account, he earned an additional $121 million. In the future, Cook is set to receive stock worth upwards of $189 million as shares vest.

He ain't hurtin'.

 

[B4U]

Performance? What performance?!

 

[C DM]

Performance? What performance?!

Seriously, it's not like the company has been making crazy amounts of money under him, or even became the first trillion dollar company last year under him.