Apple CEO Tim Cook Now the Eighth Highest-Paid Executive in the U.S.

[MacRumors]

Apple CEO Tim Cook has fallen to eighth place on a list of the highest-paid CEOs and executives in the United States last year despite earning more than the previous year, according to Bloomberg.

Cook was paid $265 million in 2020, mainly comprising stock awards and a bonus as in previous years, making him the eighth highest-paid executive in the United States. Last year, Cook was paid compensation of $133.7 million, but ranked second after Tesla CEO Elon Musk, who was paid $595.3 million.

Cook has overseen Apple's rise to become the most profitable company in the world this year with revenue of $274.515 billion and profit of $57.411 billion, according to the Fortune Global 500 rankings.

In 2020, Cook was surpassed in terms of pay by the COO of Oak Street Health, the CEO of Palantir Technologies, the CEO of Opendoor Technologies, and the Co-CEOs of GoodRX Holdings. Elon Musk again overwhelmingly topped the list with compensation amounting to $6.658 billion.

Last month, it was alleged that Musk demanded to become the CEO of Apple as part of early discussions around a potential Apple acquisition of Tesla, though Musk denies this.

Apple's Senior Vice President of Retail and People Deirdre O'Brien and Senior Vice President and General Counsel Kate Adams also made the list in 93rd and 96th place, with pay of $45 million each. This makes O'Brien and Adams the fourth and fifth-highest paid women executives in the United States.

Article Link: Apple CEO Tim Cook Now the Eighth Highest-Paid Executive in the U.S.

 

[TheYayAreaLiving 🎗️]

Well deserved Mr. Cook. I still think he’s under paid based on what he has done at Apple so far.

 

[Pafoofnik]

Hmmmm... Now I think I know why I'm paying three grand for a laptop that'll be obsolete in two years.

 

[Bokito]

I'm not sure if Deirdre O'Brien is responsible for bringing back the online Apple Store, but that's a good excuse for a high compensation. Her predecessor certainly made online shopping a mess.

 

[AppleFan91]

Not attacking Cook, I think he’s a great leader.
That being said, something about his pay DOUBLING, yet he still falls down to 8th while the world is going through a pandemic just seems….wrong.

Seems like the top level guys, once again, saw their wealth increase exponentially while the rest of us struggled during the pandemic.

 

[TVreporter]

He's earned it - he has led Apple to a whole new level.

But Tim, spare a few million and come up with a better way to charge the Magic Mouse will ya!

 

[ScrumpyDaniel]

@TwoH will be delighted.

 

[dantracht]

I'd be happy being the 800th highest paid executive.

 

[beanbaguk]

And to top it off, he's managed it by "saving the world" by not including cables or chargers with our new phones! Genius!

 

[Villarrealadrian]

Pocket change!

 

[DeepWebinar]

@TimApple gimme some money.

 

[Razorpit]

I'm not sure if Deirdre O'Brien is responsible for bringing back the online Apple Store, but that's a good excuse for a high compensation. Her predecessor certainly made online shopping a mess.

I despise the current in-store experience, but what has changed online? I haven't noticed much of a difference if any.

 

[BeefCake 15]

Hmmmm... Now I think I know why I'm paying three grand for a laptop that'll be obsolete in two years.

How so?

 

[PlayUltimate]

This type of data always bothers me since most of the compensation is based on vested stock options that were granted when AAPL was fraction of the current price. Let's not overlook that AAPL was about $27/share 6 years ago. And just two years ago, it was still at about $50/share.

Investopedia shows the actual "current" value of Tim Cook's compensation for 2020. It was valued at $14.8M that includes $3M in actual cash.

Apple CEO Tim Cook Gets Pay Raise

Apple CEO Tim Cook received a higher compensation package in 2020 compared to the previous year as global work-from-home policies due to the coronavirus pandemic helped boost Apple’s profits for the year.

www.investopedia.com

 

[citysnaps]

Well-earned, especially dealing with the pandemic and its consequences. And a bargain for Apple.

 

[testcard]

That paper round has probably helped.

 

[hugodrax]

Whats interesting is CEOs in the 1950s never got paid so much of a difference to employees and you had a big thriving middle class, you did not need two earners to own a home and raise a family.

interesting the stark difference today where Gen-Z really have a **** future.

 

[neuropsychguy]

Hmmmm... Now I think I know why I'm paying three grand for a laptop that'll be obsolete in two years.

Why don't you just buy an Apple laptop rather than whatever is going to be obsolete that quickly?

 

[ghanwani]

Disappointing for Tim, but to put the whole CEO pay thing in perspective...

CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time

The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.

www.epi.org

 

[FightTheFuture]

Hmmmm... Now I think I know why I'm paying three grand for a laptop that'll be obsolete in two years.

Welcome to buying things.

My 2010 MBP lasted 8 years so maybe you’re doing it wrong.

 

[Sheldrake]

…and all we get are some dumb new emojis…

 

[jz0309]

For running the highest value company with the highest profit… he should be paid accordingly, but some of the others??? That is just not what it should be…
But, Wall Street thinks different, and I’m not sure that is a good thing…

 

[I7guy]

…and all we get are some dumb new emojis…

That's about how many million per emoji? Successful emojis command many millions per.

 

[tgwaste]

Well deserved Mr. Cook. I still think he’s under paid based on what he has done at Apple so far.

Way underpaid. When you make a company worth 2.5 trillion dollars you should at least make a billion a year.

 

[ajfahey]

Hmmmm... Now I think I know why I'm paying three grand for a laptop that'll be obsolete in two years.

I'm typing this comment on a 9 year old iMac that, aside from it not being supported by the current release of OS 11, gets the job done just as well as the M1 MacBook Pro I bought for my wife when she retired this year. And, at a little over 2 grand, including 7.25% sales tax, for maxing out memory and a 1TB hard drive, I didn't spend anywhere three grand for it. I expect it to last for at least 6 years, double your expectation.