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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.

Tim-Cook-Feature-Yellow.jpg

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.
 
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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.
 
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.
 
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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.
 
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.
 
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.
 
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